You're reading: RIA Novosti: Gazprom head says Ukraine’s gas transit system price to fall severely in 2012

Ukraine's gas transit system that Kiev presently estimates to cost $20 billion may become significantly cheaper, the head of Russia's gas giant, Gazprom, Alexei Miller, said on Saturday.

During a meeting on Friday with Russian Prime Minister Vladimir Putin, Miller said that Ukraine had placed the price of its gas transit system at $20 billion and requested an annual $9-billion cut in the price of gas if Moscow and Kiev created a gas transport consortium.

"I don’t exclude that Ukraine’s so-called last strategic resource, its gas transit system, will severly fall in price next year," Miller told journalists on Saturday in regard to perspective talks with Ukraine in 2012 on the price of gas.

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