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Russia to sell gas to Ukraine at $378 per 1,000 cubic meters till end of year

Other News Materials 31 October 2014 06:46 (UTC +04:00)
The current price for the Q4 is $378.22 per 1,000 cubic meters
Russia to sell gas to Ukraine at $378 per 1,000 cubic meters till end of year

Gazprom CEO Alexei Miller has confirmed that Ukraine will pay $378 per 1,000 cubic meters of Russian gas in November-December 2014, accounting for the agreed $100 discount and in line with contractual price formula, which reflects global oil prices, RIA Novosti reported.

"The price is calculated on the basis of contractual price formula minus $100 discount, agreed by the Russian government," Miller told reporters, following trilateral gas talks in Brussels on Thursday.

"The current price for the Q4 is $378.22 per 1,000 cubic meters," Miller said.

The Gazprom CEO added that the price for the first quarter of 2015 will be largely determined by global oil price trends in the next few months.

Miller added that Naftogaz agreed to pay for the delivery of four billion cubic meters of Russian gas to Ukraine until the end of the year.

"In bilateral agreement between Gazprom and Naftogaz signed in Brussels, the volumes that Ukraine plans to pay for are outlined and fixed. This is two billion cubic meters of gas in November and two billion cubic meters of gas in December," Miller stated.

Russian Energy Minister Alexander Novak said that Ukraine confirmed its ability to pay for four billion cubic meters of gas.

On Oct. 30 evening, Ukraine, Russia and the EU have coordinated all the details of the interim agreement on Russian gas deliveries to Ukraine through March 2015, and have signed an agreement, outlining conditions for gas deliveries during the winter months.

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