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Price of Russian gas may fall to $220 per tcm in Q3

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By Parvez Jabri
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imageKIEV: The price of Russian gas for Ukraine could fall to $220 per thousand cubic metres in the third quarter, Ukrainian Energy Minister Volodymyr Demchyshyn said on Wednesday.

"It could fall to $220," he told journalists after a briefing in which he said he expected Ukraine and Russia would sign a memorandum on gas supplies by April 14 that will run until the end of March 2016.

Demchyshyn said that due to the fall in world energy prices, Ukraine saw a current fair price for Russian gas at around $250 per thousand cubic metres (tcms).

Copyright Reuters, 2015

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