Ukraine to Save USD 7 Billion on Russian Gas Imports at New Price - Minister

December 19, 2013

Due to signing of addenda to the gas contract, Ukraine will save USD 7 billion on the purchase of Russian natural gas, Energy and Coal Energy Minister Eduard Stavytsky told a briefing at the Cabinet on December 18, Ukrinform has reported.

“In 2014, Ukraine will need 30-33 billion cu m of gas. Calculations show that under a new price of USD 268.5 the economy will make up USD 7 billion,” Stavytsky said.

The new price of USD 268.5 will be regulated each quarter toward reduction.

Copyright: Ukrinform, 2013