Naftogaz announces plans to buy gas at minimum price in Q3

Naftogaz Ukrainy is accumulating funds in state banks to purchase imported natural gas at the lowest prices in the third quarter of 2016, head of the company Andrei Kobolev says.

"They (the cash) are accumulated as we expect a minimum price of imported gas in the third quarter. All the money the company has are on accounts of state-owned banks - Ukreximbank, Oschadbank and Ukrgasbank," - he said at the Cabinet meeting on Wednesday.

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