Off the wire
S. Africa ready to host AU Summit: minister  • Interview: Parliamentary exchange to boost friendship between Russia, China  • Ronaldo's mother stopped and 45,000 euros seized at Madrid airport  • G7 vows to step up efforts to fight against terrorism  • Tanzania's inflation increases by 0.8 percent in May  • Barca president Bartomeu confident Luis Enrique will stay  • British FTSE 100 drops 0.21 pct on Monday  • LME base metals close mixed on Monday  • WFP's 32mln USD investment boosts grain production in Uganda  • Klose to play for one more year for Lazio  
You are here:   Home

Ukraine seeks further extension of Russian gas discount

Xinhua, June 9, 2015 Adjust font size:

Ukrainian Energy Minister Volodymyr Demchyshyn said Monday that Kiev hopes to reach an agreement with Russia on the further extension of a discount on the natural gas price.

"I have no doubts that the agreement would be reached," Demchyshyn told reporters during a media conference.

If Ukraine gets no new discount, it would have to pay Moscow at least 295 U.S. dollars per 1,000 cubic meters of gas under the contract signed in 2009, the minister said, adding that such price would be higher than the 250 dollars, which Kiev pays European countries for the same amount.

"If Russians want to sell us gas, they should offer us the market price," Demchyshyn said.

He added that the new pricing arrangement would be discussed during trilateral gas talks among Ukraine, Russia and the European Union (EU) scheduled for late June.

A deal to grant Kiev a discount of 100 dollars per 1,000 cubic meters of Russian gas was reached between the two sides in October 2014 under the mediation of the EU to help the cash-strapped Ukraine overcome the winter heating season.

After the agreement has expired on March 31, Russia extended the discount for another three months until June 30. Endite