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Naftogaz cuts down gas prices

The new price will make 190,35 USD/TCM (without VAT and transporting)
20:14, 15 July 2019

gas
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Naftogaz-Ukraine national oil and gas company of Ukraine reduced gas prices for population and other consumers by 25.15 USD or by 11.7% in July. This was reported by the company’s press agency.

According to the press agency, the gas price presented by Naftogaz to gas markets and consumers in accordance with specific duties makes 190,35 USD/TCM (VAT and transporting not considered).

”The final price in regions of Ukraine depends on the rate of gas allotment, set by EUNRC for the particular regional or city gas authority. The suppliers are obliged to inform their consumers about the final price,” the message reads.

Related: Zelensky: Ukraine wants to reach agreements with Russia on gas transit in September

The new price was calculated according to the Resolution of the Cabinet of Ministers No. 485 as of June 5, 2019.

As we reported earlier, Naftogaz announced the placement of its Eurobonds for 600 million EUR and 335 million USD. According to Naftogaz, the investors' request for its securities exceeded the offer by more than 2.5 times. Eurobonds were acquired by more than 120 investors from the U.K., other countries in Europe, Asia, South America, and other countries. The funds are expected to arrive on July 19, after completion of all legal formalities, which usually last for five business days.

 

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