Naftogaz of Ukraine purchases gas from the EU at a lower price than from Russia

Yuriy Vitrenko, the Director of Business Development at Naftogaz of Ukraine, reported on Facebook that the company is buying gas from the European Union at a lower price than from Russian gas giant Gazprom.

“Now the price of European gas is already significantly lower than the $185 per thousand cubic meters charged by Gazprom,” he noted.

The press-service of Naftogaz, a national joint-stock company of Ukraine, reported that the contract price announced by Gazprom for Ukraine for the third quarter was $172 for 1 thousand cubic meters after adjusting for calorific value.

As Naftogaz stressed, since 2014 Ukraine has saved about $450 million by purchasing gas in the EU.

On August 22nd, the Ukrainian company stated that PJSC Gazprom violated its contractual obligations under its transit contract, specifically concerning ensuring a minimally acceptable gas pressure at the inlet to the Ukrainian gas transport system.

  Ukraine, Russia, EU, Naftogaz, Gazprom

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