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Naftogaz Ukraine reduces gas price for population by 5.1% in August

The new price will make $184 for thousand of cubic meters (without VAT and transport costs)
22:34, 8 August 2019

Gas
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Naftogaz Ukraine decided to lower the price for gas for the population by 5.1% as the company reported.

Thus, according to the regulation of the Cabinet of Ministers of Ukraine dated April 3, 2019, Naftogaz calculated the new price for the natural gas for the needs of the population and other consumers.

Related: Ukraine accumulated 16 billion cubic meters of gas, - Naftogaz

“Consequently, the gas price, provided by Naftogaz in August to the gas suppliers and consumers, is established at the level of $184 for thousand of cubic meters (without VAT and transport costs). In comparison with June, the price of gas will decrease by %5.1,” the message reads.

The company noted that the final price of gas in the regions of Ukraine depends on the tariff on the distribution of gas established by the National Energy and Utilities Regulatory Commission for particular regional or city gas facility. The gas suppliers are obliged to inform their consumers about the final price.

Related: German energy company uses gas storage service in Ukraine for the first time

Generally, the gas price for the population and other protected consumers reduced by 25.4% since April.

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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