Sputnik: The 'Cheap EU Gas for Ukraine' Myth Debunked: Kiev Pays $75Mln More in Q2

Ukraine’s national oil and gas company, Naftogas of Ukraine, has made public the cost at which it purchased gas through the reverse flow from Europe: as it turned out, there were no gains and the company actually lost $75 million through its so-called strategy of “diversification of its natural gas suppliers.

Ukraine’s national oil and gas company has revealed the true cost at which it purchased the reverse gas from Europe in the second quarter of the year.

As it turned out, the average price of European gas without transportation was $267 per 1,000 of cubic meters and $275 – including transportation towards the national border.

Interestingly, Russia’s Gazprom previously offered $247 for the same amount, but its proposal was rejected with a demand for a larger discount.

Read the full article HERE.