Herald Online: Ukraine imports the most expensive gas in Europe

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Sept. 4, 2012, 11:04 a.m. | Ukraine abroad — by Kyiv Post

With the existing price, Ukraine has to pay almost 27 percent of its estimated budget revenues in 2012 for Russian gas.

In 2011 alone Ukraine overpaid 6 billion dollars for natural gas, Ukraine's Vice Prime Minister Serhiy Tihipko said in his interview with the British newspaper The Telegraph. "We [Ukraine] have the most expensive gas in Europe… and we are not the richest country in Europe," said Tihipko.

In Q2 2012 Ukraine paid an average of USD 425 dollars per thousand cubic meters of imported Russian gas. This price already includes the USD 100 discount Ukraine and Russia negotiated in 2010, reads Herald Online report. 

Read more here. 

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