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Russia, Ukraine Sign New 3-Month Gas Deal

Ukraine secures a discount price of $248 per 1,000 cubic meters, but must make payments in advance and continue to repay its debt

This is an abridged version of an article that originally appeared at RT

Russia’s Gazprom has agreed to sell gas to Ukraine’s Naftogaz at a price of $248 per 1,000 cubic meters. The deal is for the next three months, and represents a 25 percent discount on the price during the first quarter of the year.

Ukraine has signed a new agreement to buy Russian, the Ukrainian energy ministry said on Thursday. In the first quarter of 2015, Ukraine paid Russia $329 per 1,000 cubic meters of gas. That deal expired on Tuesday, along with the ‘take-or-pay’ clause that requires payment for gas no matter if Ukraine uses it or not.

Kiev, under the leadership of Yulia Tymoshenko, and Moscow signed a 10-year gas contract in 2009.

"Under the terms of the contract, the gas price will stand at $248 per 1,000 cubic meters. All the other terms totally repeat the terms of the so-called 'winter package'," the Ukrainian Energy Ministry said on its website Wednesday, as quoted by TASS.


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