12:59 02.10.2015

Cabinet authorizes Naftogaz to form gas stock to sell it to households

2 min read
Cabinet authorizes Naftogaz to form gas stock to sell it to households

The Cabinet of Ministers of Ukraine has authorized national joint-stock company Naftogaz Ukrainy to buy natural gas from its subsidiary public joint-stock company Ukrgazvydobuvannia with the purpose of forming the gas stock for households and heating producers.

The decision is stipulated in cabinet resolution No. 758 of October 1, 2015, which posted on the government's website on October 1.

According to the resolution, Naftogaz Ukrainy is to buy gas from Ukrgazvydobuvannia at the price of UAH 1,590 per 1,000 cubic meters (value added tax not included) to sell it to households and heating producers before March 31, 2016

The price of gas produced by Ukrgazvydobuvannia in the period from April 1, 2016 to March 31, 2017 could be revised by the cabinet.

The price of gas sold to producers of heating supplied to households in the period from October 1, 2015 to March 31, 2016 will be UAH 1,843.28 per 1,000 cubic meters (VAT, duties, transportation and distribution tariffs are not included) if the producers are connected to the Ukrainian gas transport system and UAH 1,770.74 (VAT, duties, transportation and distribution tariffs are not included) for the rest of heating producers.

The cabinet also set the highest markup for suppliers of natural gas with special functions (town and regional gas supply companies).

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