KIEV, June 11 (RAPSI) - Ukraine is insisting on a number of changes to its gas price contract with Russia, Prime Minister of Ukraine Arseniy Yatsenyuk said at a meeting of the Ukrainian government, RIA Novosti reports.

“Russia offered us a discount of $100 per 1,000 cubic meters but we know very well what the catch is. We want changes to the contract,” the prime minister said.

Earlier, Gazprom suggested providing Ukraine a discount for Russian gas by reducing the export duty. The prime minister announced that Ukraine is ready to pay off all its gas debt – but at the market price of $268 per 1,000 cubic meters as estimated by Kiev.

As of Wednesday morning, Ukraine has accumulated 13.4 bn cubic meters of gas in its underground gas storage facilities, Yatsenyuk added.

Ukraine is requesting that Gazprom review a number of provisions in its contract with Naftogaz, but primarily a reduction in the price that Kiev believes is unreasonably high. Ukrainian Minister of Energy Yuriy Prodan also said the existing debt for Russian gas – estimated at $3.5 bn by Gazprom – should also be reduced.

Naftogaz Ukraine is Ukraine’s largest vertically integrated oil and gas company. It produces over 97% of the oil and gas in the country.