The Cabinet of Ministers offers insurance price for gas for the population

From January 1, 2020, the Cabinet of Ministers will offer consumers to conclude gas supply agreements in the amount of about 7000 UAH per thousand cubic meters (including VAT and excluding transportation) from January 1, 2020 until the end of the heating season. This was announced by Minister of Energy and Environmental Protection of Ukraine Olexiy Orzhel, reports Economic Truth.

“From January 1, people will be offered an insurance price for gas, they will be able to choose it before the end of the heating season. It will be less than the gas price of the first quarter of 2019 (8550 UAH – ed.), moreover, it will be fixed until the end of the heating season”, he said.

If the gas price increases significantly from January 1, 2020, then the Ukrainians who insure these prices will pay 7000 hryvnias even if gas prices are higher.

Recall that in August, Naftogaz proposed to the population to purchase gas under the promotional offer “Gas reserve”. Consumers could purchase gas at a summer price of 4874.24 (excluding VAT, transportation, distribution and gas sales margins). Natural gas at this price will be supplied from October 1, 2019 to March 31, 2020.

Tags: The Cabinet of Ministers, gas, Naftogaz, contracts, hydrocarbon production, tariffs, legislation, NEURC, The Minystry of Energy and Coal Mining, Top management, energy market, UGSF, Orzhel, heating season

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