Gazprom hikes gas price for Ukraine

The price of Russian natural gas for Ukraine will make up $385.5 per 1,000 cubic meters from April 1, Gazprom CEO Alexei Miller told reporters on Tuesday, Itar-Tass reports.

Under the effective gas supply contract, the gas price for Ukraine will be $385.5 per 1,000 cubic meters in the second quarter, Miller said, adding that Gazprom’s “December discount” for Ukraine can no longer be used.

Ukraine has failed to meet its commitments to pay its 2013 gas debt, and there is no 100-percent payment for current supplies, which further increases Ukraine’s gas bill, he said.

“As of now, the debt has reached $1.711 billion,” Miller said.

According to the Gazprom CEO, the price of gas transit across Ukraine will increase by 10%, as envisioned by the pricing formula in the gas transportation contract of 2009.

Miller underlined that “Gazprom will pay a higher tariff for gas transit, fully meeting its obligations under the contract.”

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