Ukraine plans to agree on gas delivery terms in the first quarter of 2016 with Russia by December 20, Minister of Energy and Coal Industry of Ukraine Volodymyr Demchyshyn has said.

"Everything, including discussions, negotiations and formalization, will be finished by December 20," he said at a press conference in Kyiv.

As reported, Ukraine believes there is no need for additional purchases of gas from Russia by the end of this year due to falling consumption and the projected reduction in the price in the first quarter of 2016.