KIEV, May 12 - The price of Russian gas for Ukraine in the third quarter of 2011 could be $350 per 1,000 cubic meters and in the fourth quarter it could exceed $400 per 1,000 cubic meters, Kostiantyn Borodin, the deputy head of the oil, gas and oil processing industry department at the Energy and Coal Industry Ministry, said at the Ukrainian-Russian Economic Forum in Kiev on Thursday.

"The forecast natural gas price for Ukraine, taking into account discounts, in the third quarter could be as high as $350 (per 1,000 cubic meters) and in the fourth quarter of 2011 $400 and higher," he said.