Ukraine will pay Gazprom $2 billion for gas it has received from Russia by the end of October and an additional $1.1 billion by year’s end, EU Energy Commissioner Gunther Oettinger announced. The amount that Ukraine is expected to pay Russia is short of the $5.3 billion that Kiev currently owes Gazprom. Gazprom will resume gas deliveries and send at least 5 billion cubic meters (bcm) of gas to Ukraine at a price of $385 per 1,000 cubic meters after it receives the first tranche of $2 billion, the EU commissioner and Russia’s Energy Minister Alexandre Novak said. “This depends on final agreements. Our colleagues say that this is [going to be in] October,” Novak said in Berlin on Friday. However, Novak reiterated that $385 was a reduced price, “$100 discount off the current price” . This price will be valid for another six months, he added. Ukraine will […]