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Ukraine's Q3 gas discount may be less than 30% of current price — Russian energy minister

June 10, 2015, 16:04 UTC+3 MOSCOW
Alexander Novak said it's possible in case gas price is below $330 per 1,000 cubic meters
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©  EPA/FILIP SINGER

MOSCOW, June 10. /TASS/. Gas discount for Ukraine in the third quarter of this year may be less than 30% of the current price, Russian Energy Minister Alexander Novak said Wednesday.

Gas discount for Ukraine may be 30% of the price or less in case gas price is below $330 per 1,000 cubic meters, Novak said.

"30 or less, but not more than 30%," the Minister said.

Gazprom Deputy Chairman Alexander Medvedev said on Tuesday that undiscounted gas price for Ukraine will total $287 per 1,000 cubic meters in the third quarter of 2015. In the fourth quarter the undiscounted price will stand at $262.5 per 1,000 cubic meters, Medvedev said. Thus, discounted price for Russian gas for Ukraine may equal to $201 per 1,000 cubic meters in Q3 and around $184 per 1,000 cubic meters in Q4.

As TASS reported earlier gas price for Ukraine stands at $247.18 per 1,000 cubic meters till the end of June, which implies a $100 export duty discount granted by the Russian Government. The discount equals to 30% at gas price below $330 per 1,000 cubic meters.

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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