Ukraine Energy Minister Indicates Russia Q4 Gas Price Will Be Less Than $228

Ukrainian energy minister Volodymyr Demchyshyn indicated on Monday that the price Ukraine was willing to pay Russia for gas supplies in the fourth quarter was less than $228 per thousand cubic metres (tcm).

When asked at a briefing if Ukraine would pay $230 or $228 per tcm for supplies from Russia, Demchyshyn pointed downwards, indicating the price would be lower.

Gas talks between Russia, Ukraine and the European Commission have led to a tentative agreement on supplies for the winter, but the deal has not yet been signed.

(Reporting by Pavel Polityuk)