You're reading: Gazprom rejects Ukraine bid to change ’11 gas price

SOCHI, Russia, June 6 (Reuters) - Russia's gas giant Gazprom will not consider revising the gas price for neighbouring Ukraine in 2011, the company's CEO Alexei Miller told journalists in Russia's Black Sea resort town of Sochi.

He also said Europe would pay Gazprom around $500 per 1,000 cubic metres of natural gas in the fourth quarter of this year.

Miller will be joined in Sochi later on Monday by Prime Minister Vladimir Putin where they will launch a new gas pipeline.

Ukraine, which transits 80 percent of Russian gas to Europe, has been trying for months to renegotiate the price of its imports of Russian gas imports and also wants to raise the price of gas transit to the EU for Moscow.

"We are not going to invent any kind of new (pricing) formula for anyone, or link it to (the price) of any other type of fuel," Miller told journalists in Russia’s Black Sea resort town of Sochi.

Ukrainian Prime Minister Mykola Azarov said earlier on Monday: "If the price of gas has risen, that should be reflected in transit fees."

Price disputes between Moscow and Kiev have led in the past to disruption in winter of gas supplies through pipelines across Ukraine to consumers in the European Union.

Azarov is due to meet his Russia counterpart, Vladimir Putin, in Moscow for gas talks on Tuesday. Miller and Putin were in Sochi on Monday for the launch of a new gas pipeline in the region.

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