Naftogaz of Ukraine Gas Supply Company increases cost of natural gas 5.8 times to 46.7 UAH per cubic meter as supplier of last resort for December

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The gas supply company Naftogaz of Ukraine LLC raised the price of natural gas 5.8 times to UAH 46.7 per cubic meter for December as a supplier of last resort compared to November.

This is evidenced by the data on the company’s website, reports the Ukrainian News Agency.

According to them, the price of natural gas through the mechanism of the “supplier of last resort” on December 2 is 46.7 UAH per cubic meter (including VAT).

The consumer becomes a customer of the “supplier of last resort” for 60 days in the event of termination of the contract with the previous supplier and in the absence of a new contract.

At that time, after 60 days, if the consumer has not found a new supplier, the supply of natural gas is terminated.

Naftogaz as a supplier of last resort serves households in Donetsk, Kherson, Poltava, Odessa and Luhansk regions, as well as in Kremenets (Ternopil region), Melitopol and Melitopolskyi (Zaporizhia region), Korostyshiv and Korostyshivskyi districts (Zhytomyr region), Shepetivka (Khmelnytskyi region).

In early December, Naftogaz announced that without a decision from the National Commission for Energy and Utilities Regulation (Energy Commission), the price of natural gas for 457,000 customers via the “supplier of last resort” mechanism could reach more than 30 UAH per cubic meter.

According to Naftogaz data, as of November 30, the “supplier of last resort” portfolio includes 457,000 consumer households.

As the Ukrainian news agency reported earlier, the Cabinet of Ministers set the marginal cost of natural gas for the supplier of last resort at 7.96 UAH per cubic meter until November 30, 2021.

In early November, Naftogaz announced that more than 7,200 budgetary, municipal institutions and organizations have signed an agreement for the supply of natural gas through the “supplier of last resort” mechanism.

Yurii Vitrenko, chairman of the board of directors of Naftogaz, said that Naftogaz will supply natural gas to budgetary, municipal institutions and organizations in “supplier of last resort” format in October-November and will complete the signing of medium-term contracts with these. consumers before December.

In 2020, the national joint-stock company Naftogaz of Ukraine group suffered a net loss of UAH 19.002 billion.

Naftogaz of Ukraine is the leading company in Ukraine in terms of exploration and development of oil and natural gas fields, drilling, transportation and storage of crude oil and natural gas, and supply of natural gas to consumers .

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