22 Apr 2011 11:46

Russian Econ Ministry suggests smoother change to net-back parity for gas prices

MOSCOW. April 22 (Interfax) - The Russian Economic Development Ministry proposes a smoother transition to net-back parity for gas prices inside and outside Russia.

"We're not rejecting net-back, but will just be moving more slowly towards it, and when we get there also depend show world gas prices will be moving," Economic Development Minister Elvira Nabiullina told reporters, commenting on the alternative option for raising natural monopoly tariffs in 201202014.

Net-back parity for gas was supposed to be achieved by 2015.