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Ukrainian gov't reveals Russia's gas price for Q1

      RBC, 11.01.2011, Moscow 18:44:38.The price of Russian natural gas for Ukraine is expected to amount to $263-$264 per 1,000 cubic meters in the first quarter of this year, a source at the Ukrainian government told RBC-Ukraine today.

      The figure was estimated using a special formula which pegs the price of Russian gas for Ukraine to the prices of fuel oil and gasoil, the source explained. Meanwhile, the Ukrainian budget for 2011 is based on the average gas price of $269 per 1,000 cubic meters in 2011.

      Earlier, Ukrainian Prime Minister Nikolai Azarov said that the gas price for Ukraine would equal $230-$250 per 1,000 cubic meters in January-March.

      In 2010, Ukraine purchased gas at about $260 per 1,000 cubic meters.

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