Russia adjusted gas price for Ukraine

Source : 112 Ukraine

In the Q1 of 2016, the price would be USD 212 per a thousand cubic meters
11:45, 2 January 2016

gas supply

Russian Prime Minister Dmitry Medvedev signed the decree on the size of the duty on gas supplies to Ukraine in the first quarter of 2016. The respective message was published at the Russia’s official Web portal of legal information.

The document says that the contract price in the Q1 2016 is 230 dollars per a thousand cubic meters; it also sets the discount on the price that equals USD 17.77 per thousand cubic meters. Thus, Interfax-Ukraine notes, the offered price for the Russian blue fuel is about 212 dollars.

Previously, Russian Energy Minister Alexandr Novak said the country’s leading gas enterprise Gazprom would not provide any gas discounts to Ukraine, and the fuel would be sold at market prices.  

Earlier, the sides tried to find such decision on the gas price’s size that would let them align effective supplies of the gas. Naftogaz Ukrainy, Ukraine’s largest state-run energy enterprise, was going to  ask the Russian side about the discount for the first quarter of 2016. Gazprom, in turn, requested a letter of indemnity on the volume of purchases by the end of March 2016.   

October 12, Ukrain resumed importing gas from Russia, which Kyiv postponed in July. November 25, Gazprom said the gas supplies to Ukraine were stopped due to the end of the advanced payment. In his turn, Ukraine’s Premier Arseniy Yatseniuk charged Naftogaz to stop buying gas from Russia.

Yatseniuk added that Ukraine can survive winter temperatures without purchasing Russian gas.

Under the winter gas package, Ukraine was supposed to buy 2 billion cubic meters of gas from Russia. In the fourth quarter of 2015, the gas price for Ukraine was about USD 227 per a thousand cubic meters, including the discount.

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