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Russia-Ukraine gas dispute

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

Alexander Novak said it's possible in case gas price is below $330 per 1,000 cubic meters

© 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.

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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.

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Russia-Ukraine Gas Dispute

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