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    Ukraine To Slash Industry Gas Prices Next Month


The reduction differs depending on whether users have prepaid for supplies or not.

by: Joseph Murphy

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Natural Gas & LNG News, Europe, Premium, Corporate, Political, News By Country, Ukraine

Ukraine To Slash Industry Gas Prices Next Month

Ukrainian state gas supplier Naftogaz intends to slash gas prices for industrial users by up to 7.5% in August, the company said in a July 22 statement.

Industrial customers that have prepaid for supplies will pay hryvnias 5,568 ($216)/'000 m3 for their gas next month, which is 7.5% less than the July tariff of hryvnias 6,020. Those that have not made prepayments will pay hryvnias 6,245, down 7.2% month on month.

The price cut follows a 12.7-13.5% reduction in gas costs for industrial consumers in July. Prices for residential users have also been falling over the past several months.