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Ukraine plans to import Russian gas after $250 price is confirmed

April 01, 2015, 16:14 UTC+3 KIEV
Agreement in principle with Russia was reached and a $100 discount confirmed, the Ukrainian Minister of Energy and Coal Industry Volodymyr Demchishin told the press
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© Valery Sharifulin/TASS

KIEV, April 1. /TASS/. Ukraine plans to import Russian gas in the coming days after the $250 per 1,000 cubic meters price is confirmed, the Ukrainian Minister of Energy and Coal Industry Volodymyr Demchishin said at a press conference Wednesday.

"In the coming days — yes, we will buy as soon as the $250 per 1,000 cubic meters price is confirmed," he said, adding that prepayment for gas supplies for April 1 has not been made.

"We’ve reached agreement in principle with the Russian side. They confirmed $100 discount," the minister said, adding though that as a whole Ukraine has the possibility not to buy Russian gas in the second quarter as it receives 40-45 million cubic meters of reverse gas supplies a day from Europe. The country consumes slightly more than 100 million cubic meters thus, taking into account 7.7 billion cubic meters of gas reserves in underground storage facilities and its own output, the reverse supplies from the EU countries will suffice.

The Minister of Energy and Coal Industry also confirmed Ukraine’s participation in the trilateral meeting in Russia-EU-Ukraine format planned for April 13-14.

"We need a contract, not for Q2 but for Q3, till the end of the next heating season," the minister said.

Infographics Gas agreement signed by Russia, Ukraine and the EU Gas agreement signed by Russia, Ukraine and the EU
Gas agreement signed by Russia, Ukraine and the EU On October 31 Russia, Ukraine and the EU signed an agreement on gas supplies. Infographics by TASS

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