Herald Online: Ukraine imports the most expensive gas in Europe

Print version
Sept. 4, 2012, 11:04 a.m. | Ukraine | Politics — 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. 

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2016 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.