Russian gas in Europe fell by 56% for the year

Газ РФ в Европе подешевел на 56% за год

The gas prices continue to decline, despite the recent rise in oil prices. This is with reference to the Ministry of economic development of the Russian Federation, writes “Mirror of week”..

So, in March the cost of thousands of cubic meters of Russian gas on the spot market in Germany fell up to 147.2 us dollars. Thus, in March, gas prices have fallen by 14.6%, while in annual terms prices fell by 56%. The average price of gas in the first quarter of 2016 made 167,6 dollars. per thousand cubic meters.

As you know, gas prices are tied to world oil prices, but they react to changes in oil prices did not immediately and with a lag of six to nine months.

News on topic: national Commission in energy and utilities supported the position of “Kievgas”

As reported, according to the European principles of competition, the Russian gas in Ukraine should cost $ 70 per thousand cubic meters, which is equal to the price of gas hub in Germany, minus the cost of transporting it there.

In December 2015, wanted Gazprom to sell gas to Ukraine in the first quarter of 2016 to $ 230 per thousand cubic meters.

Today, natural gas for domestic purposes is imported, for more than 150 days, only with Europe.

Related news: the Cabinet has reduced from 7 to 5.5 cubic meters of normal gas use for calculation of subsidies

We will remind, on April 27, the Cabinet of Ministers has established at its meeting uniform price for natural gas for all consumers in the amount of 6 thousand UAH 879. The EU delegation in Kiev called the decision important and necessary. “This is an important step towards cost recovery in the energy sector. The tariff increase is part of Ukraine’s commitments under the IMF program, and today it is vital to have a cooperation program with the IMF for the stability of the economy of Ukraine”, – said the representative office.