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Ukraine's PM Specifies The Detailes of Gas Deal with Gazprom

Yulia Timoshenko told a press conference yesterday some detailes of the recently signed gas deal with Russian company Gazprom

Ukraine's PM Specifies The Detailes of Gas Deal with Gazprom

Timoshenko said Naftogaz of Ukraine will purchase 11bn cubic meters of natural gas from Gazprom at $153.9 per 1,000 cubic meters, and this gas will be pumped from Ukrainian underground storage facilities.

6.5bn cubic meters of this amount was the technical gas necessary to ensure the Ukrainian gas transit system's operation.

The remaining amount will be used to make gas cheaper for Ukrainian consumers, Timoshenko explained, adding that, as the price of 1,000 cubic meters of gas was now $25 lower for Ukraine than in 2008, it enabled the country to bring down the annual average gas price to $228.8 per 1,000 cubic meters.

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