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Russia, Ukraine agree on $385 price for winter gas supplies: EC

Russia's and Ukraine's energy ministers have settled on $385 per 1,000 cubic meters as the price for Russian gas supplies to Ukraine this winter, and agreed a gas debt repayment scheme for Ukraine, EU energy commissioner Guenther Oettinger said late Tuesday.

Russia's and Ukraine's energy ministers have settled on $385 per 1,000 cubic meters as the price for Russian gas supplies to Ukraine this winter, and agreed a gas debt repayment scheme for Ukraine, EU energy commissioner Guenther Oettinger said late Tuesday.

But the deal is not complete as the EU and Ukraine still have to explore the financing needed to make it happen, Oettinger told reporters after moderating talks between Russian energy minister Alexander Novak and Ukrainian energy minister Yuriy Prodan in Brussels.

The ministers and national gas company CEOs involved also have to discuss the arrangements with their respective governments and directors, Oettinger said.

Another round of talks is foreseen for October 29 in Brussels, where the EC is aiming for final binding agreements between the two governments and between the two gas companies, he said.

platts.com
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