NJSC Naftogaz sent additional agreements to counterparties containing the new price of gas for delivery on special obligation conditions. The press service of the company reports it.
The price is determined taking into account the requirements of government decrees of May 8, 2019 No. 380 “On Amendments to the Resolution of the Cabinet of Ministers of Ukraine of April 3, 2019. No.293” and dated October 19, 2018 No.867 “On approval of the Regulation on the imposition of special obligations on the subjects of the natural gas market to ensure public interests in the operation of the natural gas market” and in May amounts to 5990 UAH per thousand cubic meters excluding VAT and transportation costs.
The new price in May is 245 UAH per thousand cubic meters or almost 4% lower than in April.
On October 1, 2015, the Law of Ukraine “On the Natural Gas Market” entered into force, which provides for the supply of natural gas are made at prices that are freely established between the supplier and the consumer, except as provided for by this Law. So, in order to ensure public interests in the process of natural gas market functioning, in exceptional cases and for a certain period, special obligations may be imposed on the subjects of the natural gas market in the amount and on the terms determined by the Cabinet of Ministers of Ukraine.
Recall that NJSC Naftogaz of Ukraine, together with government representatives, developed a new mechanism for determining the regulated price, which allows not only to avoid raising the cost of gas for the population and thermal generation from May 1, 2019, but also to reduce it to the level of 8247 per thousand cubic meters (final retail price).