KIEV, Nov. 3 – The price of natural gas for Ukraine for the first quarter of 2011 would be defined under the existing formula, Gazprom spokesman Sergei Kupriyanov in an interview with the RT TV channel.

“We have a contract, according to which the price is calculated. We don’t have new agreements on the price of gas,” he said.

Kupriyanov said that the price is adjusted every quarter depending on fuel price changes.