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Energy Ministry discloses the price of Norwegian gas for Ukraine

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Energy Ministry discloses the price of Norwegian gas for Ukraine
Photo: Reuters

The price of the Norwegian gas for Naftogaz of Ukraine on the border costs around US $340 per 1,000 cu m, reported sources in the Ministry of Energy and Coal Industry.

Naftogaz, however, is not rushing to disclose the details of the contract and conditions of price formation. The price of US $340 named by the source, however, fully correlates with the prices on the European trading floors, where, for instance on October 5, the prices ranged within US $291-361 per 1,000 сu m depending on the source, volume of supply and gas hub.

Under the contract between the Norwegian side and Naftogaz, starting from October 1 the gas supplies amounted to around 11 mn cu m of gas over 24 hours, according to the ministry. The total daily volume of reverse supplies through the Slovakian and Polish gas transport systems to Ukrainian Ukrtransgaz reached 24.8 mn cu m compared with October 4-5.  

Source: Zn.ua
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