NIZHNY NOVGOROD (Sputnik) — Ukraine is expected to buy over 2 billion cubic meters of gas for $500 million under the so-called winter package deal with Russia, Russian Energy Minister Alexander Novak said Tuesday.
"The volume of gas that will be bought by Naftogaz will be a bit larger [than 2 billion cubic meters]," Novak told reporters.
3 October 2015, 08:08 GMT
He explained that the amount of natural gas purchased by Ukraine would be adjusted based on the size of the discount.
Moscow, Kiev and the European Commission reached a deal last month on Russian gas deliveries to Ukraine during the peak consumption period, between October 1, 2015 and March 31, 2016. The protocol is yet to be signed by the Ukrainian government.
The price of Russian gas for Ukraine in the fourth quarter of 2015 will be around $248-252 per 1,000 cubic meters, according to Novak.
