: Gazprom offers 'good' price of gas to Ukraine

18:43 Jun. 23, 2016

Gazprom offers 'good' price of gas to Ukraine

A Gazprom logo sits illuminated at night above an OAO Gazprom Neft gas station in Belgrade, Serbia, Jan. 15, 2015 (AP photo)

Ukraine says it will continue to buy gas from European suppliers

Russia has offered Ukraine a "good" price for gas in the third quarter of 2016, Russian news agency RBC reported citing Deputy Chairman of the Management Board at Gazprom Alexander Medvedev.

Ukraine stopped buying Russian gas in November 2015. The reason was that the price offered by the Russian company was higher than that offered by European suppliers, according to Naftogaz.

However, in June Naftogaz sent a letter to Gazprom offering to resume gas supplies at an "economically justified price."


Read also Ukraine's gas company to possibly work with Russia's Gazprom

Russian Energy Minister Alexander Novak said the contract price of Russian gas for Ukraine set at USD 177 per 1,000 cubic meters in the third quarter of 2016 was "absolutely comfortable" corresponding to market conditions.

Read also Ukraine might reach gas self-sufficiency in almost five years

At this, Naftogaz Business Development Director Yuriy Vitrenko wrote on Facebook that the price of natural gas offered by the European suppliers was below USD 173. Vitrenko noted that Ukraine would make all necessary purchases of gas on the European market.

Reporting by UNIAN

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