As oil price falls, Gazprom reduces price of Russian gas for Ukraine

14:07, 04 February 2015
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The contract price of Russian gas for Ukraine in the first quarter amounts to $329 per thousand cubic meters, according to Gazprom spokesperson Sergei Kupriyanov, Russian information agency RIA Novosti has reported.


The gas price discount for Ukraine of $100 per thousand cubic meters, which was provided by the Russian government in accordance with the so-called winter plan signed in Brussels with the participation of the European Commission, will be valid until the end of the first quarter. The price for November and December was $378 per thousand cubic meters.

According to the contract between Gazprom and Naftogaz Ukrainy, the price of Russian gas for Ukraine is pegged to oil prices, which fell sharply last year. The exact price for the first quarter of 2015 was not publicly disclosed, but was around $340-360 dollars per thousand cubic meters according to preliminary estimates.

Ukraine's Naftogaz transferred on Tuesday $107.144 million to Gazprom for February gas supplies. As of today, the total volume of prepaid gas amounts to 715 million cubic meters, according to a statement from the Russian company.

As UNIAN reported earlier, in accordance with the Brussels agreement, in late 2014 the price of Russian gas for Ukraine was $378 dollars per thousand cubic meters, and in the first quarter of this year - $368 dollars for thousand cubic meters.

In January, Ukraine imported 0.9 billion cubic meters of Russian gas.

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