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NJSC Naftogaz of Ukraine has sent a letter to Russian gas monopoly Gazprom with a proposal to consider a possibility of signing an additional agreement allowing Naftogaz to purchase only the required volumes of natural gas, instead of a fixed monthly volume of 3 billion cubic meters (bcm) as envisaged by the terms of the existing contract, according to Naftogaz CEO Andriy Kobolev.
"We have offered Gazprom an additional agreement (to the contract dated 2009), which will allow us to carry out gas purchases in volumes and according to the terms that we, Naftogaz, need, instead of the fixed volumes of 3 bcm monthly as per the existing contract" Kobolev said on a Shuster Live TV panel show.
As UNIAN reported earlier, in the first quarter of 2016, Naftogaz of Ukraine imported gas from the European Union at an average price of $198 per 1,000 cubic meters, lower by 34% year-over-year.
Read alsoNaftogaz CEO names condition for Ukraine to consider buying Russian gasMajor suppliers in this period were Poland, Hungary and Slovakia. Ukrainian Energy Minister Ihor Nasalyk stated Ukraine would be ready to resume gas imports from Russia provided Gazprom offered reasonable prices.
On June 7, Naftogaz sent a letter to Gazprom arguing that the economically justified price of gas from Gazprom should be "the price at the hub minus transportation."
Read alsoUkraine wants to stop importing gas by 2020 – Energy MinistryAccording to the company's press service, Naftogaz buys gas from European suppliers according to the formula "hub plus transportation" (costs of transportation to the European hub in the territory of Ukraine and the EU countries). Naftogaz says it will consider Russian gas if Gazprom can offer a price that is lower than that offered by the European suppliers.