Reverse gas flow is cheaper than direct delivery from Russia
The reverse-flow gas purchased in the European market by Ukraine cost nearly $500 million less as compared to the gas that could be bought from Russia, said Minister of the Ukraine’s Cabinet of Ministers Ostap Semerak, the press-office of the ministerial department reports.
“If we compare the gas price that Ukraine pays in the EU market under the reverse gas contracts with the price proposed by Russia, we can come to the conclusion that the gas purchased by Ukraine in the European market was cheaper by around $500 million than the gas supposing we could buy from Russia”, – said the official.
Moreover, the Minister added the gas that Ukraine has bought, the reverse-flow gas, has been transited through Ukraine to Europe and returned back to Ukraine.
“Actually, the gas price proposed by Russia to Ukraine is absolutely not a market price“, –Ostap Semerak underscored.
