Ukraine buys European gas at price below US$100 per 1,000 cubic meters – GTS operator

The average price of imported natural gas paid by Ukraine in March 2020 alone was US$153.65 per 1,000 cubic meters.

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CEO of Gas Transmission System Operator of Ukraine (GTSOU) LLC Serhiy Makogon says the company has purchased natural gas in Europe at a price of UAH 2,700 (US$99.82) per 1,000 cubic meters excluding VAT.

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"The gas price in Europe is declining. Accordingly, GTSOU's gas purchase price is falling as well. Yesterday's purchase price stood at UAH 2,700 without VAT (a little less than US$100). A nice figure," he said on Facebook on April 22.

As UNIAN reported earlier, the average price of imported natural gas paid by Ukraine in March 2020 was US$153.65 per 1,000 cubic meters, which was 8.8% down from February 2020.

Earlier, the then Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel said prices of natural gas in the summer of 2020 might fall to US$80 per 1,000 cubic meters, whereas the average price of imported natural gas in Ukraine in January 2020 was to US$175.26 per 1,000 cubic meters.

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