Europe Russia to Sell Gas to Ukraine at $378 Per 1,000 Cubic Meters...

Russia to Sell Gas to Ukraine at $378 Per 1,000 Cubic Meters in November-December

Gazprom CEO Alexei Miller at a news conference in Moscow on the situation with gas supplies to Ukraine
Gazprom CEO Alexei Miller at a news conference in Moscow on the situation with gas supplies to Ukraine

Gazprom CEO Alexei Millerhas confirmed that Ukraine will pay $378 per 1,000 cubic meters of Russian gas in November-December 2014 accounting for the agreed $100 discount and in line with contractual price formula, which reflects global oil prices.

“The price is calculated on the basis of contractual price formula minus $100 discount agreed by the Russian government,” Miller told reporters following trilateral gas talks in Brussels on Thursday.
“The current price for the Q4 is $378.22 per 1,000 cubic meters,” Miller said.
The Gazprom CEO added that the price for the first quarter of 2015 will be largely determined by global oil price trends in the next few months.
Miller added that Naftogaz agreed to pay for the delivery of 4 billion cubic meters of Russian gas to Ukraine until the end of the year.
“In bilateral agreement between Gazprom and Naftogaz signed in Brussels, the volumes that Ukraine plans to pay for are outlined and fixed. This is 2 billion cubic meters of gas in November and 2 billion cubic meters of gas in December,” Miller stated.
Russian Energy Minister Alexander Novak said that Ukraine confirmed its ability to pay for 4 billion cubic meters of gas. Novak stated that Ukraine has not presented any evidence to prove the statement, however said that Russia trusts its partners’ words.
On Thursday evening, Ukraine, Russia and the EU have coordinated all the details of the interim agreement on Russian gas deliveries to Ukraine through March 2015, and have signed an agreement outlining conditions for gas deliveries during the winter months.
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