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Russia’s Gas Discount for Ukraine Expires, New Price Set Under Contract

© Sputnik / Vitaliy Ankov / Go to the photo bankWork at the block separation unit for the gas distribution station. Construction of the pipeline from GDS Vladivostok on Russian island is part of preparations for the 2012 APEC summit in Vladivostok
Work at the block separation unit for the gas distribution station. Construction of the pipeline from GDS Vladivostok on Russian island is part of preparations for the 2012 APEC summit in Vladivostok - Sputnik International
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Russia’s gas discount for Ukraine expires on Thursday, Russian Energy Minister Alexander Novak told reporters, adding that starting from April the price of gas will be set in accordance with the current contract between Russian energy giant Gazprom and Ukraine’s Naftogaz.

MOSCOW (Sputnik) – The discount was agreed upon as part of the "winter package" deal between Russia and Ukraine signed in 2015. It expires on March 31.

"On March 31, 2016 the gas discount for Ukraine that was provided by the Russian government for the first quarter of 2016 in the amount of $17.77 for 1,000 cubic meters, expires. The final gas price for Ukraine in the first quarter amounted to $212 for 1,000 cubic meters," Novak said.

Russia provided a quarterly gas discount for Ukraine last year at the request of the Ukrainian side. In the first quarter of 2015 the price of gas for Ukraine, taking into account the $100 discount, was $329 for 1,000 cubic meters, in the second — $247.18, in the third — $247.17. For the fourth quarter the discount was $20 and the price of gas was $227.36 for 1,000 cubic meters.

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