You're reading: RosUkrEnergo will sell 12.1 billion cubic meters of gas to Gazprom

RosUkrEnergo (RUE), a gas trading company registered in Switzerland, will sell 12.1 billion cubic meters (bcm) of gas to Gazprom Export at $340-$350 per 1,000 cubic meters, the founder and board chairman of Group DF, Dmytro Firtash, told journalists in Kyiv on Wednesday.

The sale is an element of the settlement between RUE, Gazprom and Ukrainian national oil and gas company Naftogaz Ukrainy.

"The price? It’s no secret. The price will be $350, because that’s the average price today in Europe. It goes by a formula. We don’t know, it might be $338 or $340," he said.