15 Jun 2015 15:56

Russian gas price for Ukraine to be less than $247 per 1,000 cubic meters in Q1 - minister

KYIV. June 15 (Interfax) - Ukrainian Energy and Coal Industry Minister Volodymyr Demchyshyn said that Ukraine would buy Russian gas in the third quarter of 2015 at a price lower than $247 per 1,000 cubic meters.

"I'm sure that the price will be lower than today - $247. The price for the third quarter will be lower. It will be decided during negotiations what the price will be," he said on the Fifth TV Channel last week.

The minister said that negotiations with Russia's Gazprom continue. He said that in two weeks an agreement on the price of gas could be reached.

He also Ukraine insisted that the gas agreements will be in effect until the end of the heating season of 2015-2016.

The minister said that the Russian gas transit fee via Ukraine should be higher and total around $5 per 1,000 cubic meters each 100 kilometers.

"It is set too low for sure. Yes, it is fixed in the long-term agreement, but we raised the issue several times. We insist that we receive not enough money for transit. Today the transit fee is $2.8. Actually the price should be around $5," the minister said.