Ukraine increases Russian gas transit rate by 1.8% in Q3
KYIV. Aug 16 (Interfax) - Ukraine increased the rate of Russian natural gas transit across its territory to $2.89 per 1,000 cubic meters per 100 kilometers in the third quarter of 2011, which is 1.8% more than in the first quarter ($2.84), Ukrainian Energy and Coal Industry Minister Yury Boiko told journalists on Tuesday.
It was reported earlier that Ukraine increased the Russian natural gas transit rate by 2.2% in the first quarter of 2011 compared to the fourth quarter of 2010.
Since 2010, the tariff for gas transportation across Ukraine is floating and is calculated based on a formula depending on the cost of the fuel component and average inflation in Europe.
A long-term contract between Naftogaz Ukrainy and Gazprom set the basic gas transit rate at $2.04 per 1,000 cubic meters per 100 kilometers in 2010. Russia and Ukraine agreed that the distance at which Russian gas is transported across Ukraine further to Europe is 1,240 kilometers.