Worldwide News Ukraine: Ukraine Cuts Natural Gas Import 50%

Ukraine decreased the amount of imported natural gas by 48.77 percent over the first five months of 2012, compared to the respective period of 2011. The volume of imported gas in January – May 2012 reached 12.8 billion cubic meters.

Ukraine paid USD 416 per thousand cubic meters of imported gas in Q1 2012. The price increased in the second quarter of 2012 – reaching USD 425. These price tags include a USD 100 discount, agreed by the parties in 2010. Average price European countries pay for Russian gas in 2012 amounts to USD 415, according to Neft Rossii.  MORE