Kamaz to set up joint venture with Turkish firm for production of cardan shafts in RussiaBusiness & Economy August 18, 14:00
Russia to deliver Ka-32 multirole helicopters to Thailand and Turkey for first timeBusiness & Economy August 18, 13:57
Press review: Ripples from Barcelona terror attack and risks from China's shale revolutionPress Review August 18, 13:00
Georgia asks Ukraine to extradite ex-president SaakashviliWorld August 18, 12:11
Russian planes to be equipped with ‘nervous system’ for monitoring airframe flawsScience & Space August 18, 11:39
Muscovites bring flowers to Spanish embassySociety & Culture August 18, 11:13
Police detain third suspect in Catalonia terror attacksWorld August 18, 9:49
Syrian army encircles terrorists near strategic city of AkerbatMilitary & Defense August 18, 9:05
Spanish police confirm four terrorists shot dead in CambrilsWorld August 18, 5:56
KIEV, November 17 (Itar-Tass) —— The price of natural gas that Ukraine purchases from Germany is 40-70 dollars below that of Russian fuel, Ukrainian Energy and Coal Industry Minister Yuri Boiko said on television Friday evening.
“We have begun to get gas from Europe in the reverse mode. There is a contract for 5 billion cubic meters of gas with Germany’s RWE Supply&Trading,” he said. Boiko confirmed that the price of one thousand cubic meters of gas purchased in Europe was 40-70 dollars below the price of fuel available from Russia.
“We hope that the European gas will be 100 dollars cheaper next summer,” Boiko said.
The price of natural gas that Ukraine imports from Russia under a contract between Naftogaz Ukrainy and Gazprom in the fourth quarter of this year is 430 dollars per 1,000 cubic meters.
On Friday Naftogaz Ukrainy Deputy CEO Vadim Chuprun said that already now European gas was available to Ukraine at a price about 100 dollars below that of direct supplies from Gazprom.
Ukraine on November 1 started importing gas from Europe. By November 4 Ukraine had imported 3.3 million cubic meters of gas from the West. Prime Minister Nikolai Azarov said the import was not large-scale at this point, because at this point it was most important to “polish technicalities, check the reliability of systems and see how much gas we may get.”
Boiko earlier said that European gas was far cheaper for Ukraine than Russian, which his country was receiving under a 2009 contract between Naftogaz and Gazprom.
Earlier, local media said that Naftogaz had signed a contract with Germany’s RWE Supply&Trading for the purchase and sale of fuel on the Polish-Ukrainian border. The contract is valid November 1 through January 1, 2013. Under the arrangement Ukraine is to get about 56.745 million cubic meters of fuel.