KIEV, July 6 – The price of natural gas imported under contracts with the Russian Federation will drop to $417 per 1,000 cubic meters in Q4, from $426 in Q3 and $425 in Q2, Naftogaz Ukrayiny said.

"This decrease is driven by the decline in prices for oil on world markets. Even a relatively slight decrease in prices for Russian gas will allow the company to save additional funds since total gas purchases during this time will be significant because of an increase in consumption during the winter period," the statement said.