Russia to set equal domestic and export prices for gas

A transition to equal profitability of natural gas supplies on the domestic market and abroad will be completed in 2014-2015, Deputy Economy Minister Andrei Klepach said during today's meeting of a trilateral commission for the regulation of social and economic relations. The government decided to stick to its plan providing for bringing the prices of domestic gas supplies to the level of export prices excluding duties and transportation costs. However, the fulfillment of the plan was postponed by several years, so equal profitability of gas supplies will not be attained in 2011, as originally planned, Klepach said.