Pipelines, Storage & Power

Ukraine eyes $3 bln for Russian gas transit in 2017

Naftogaz will earn around $3 billion for transiting Russian gas to European customers in 2017, but future revenues hinge on a new agreement with Gazprom Naftogaz will earn around $3 billion for transiting Russian gas to European customers in 2017, but future revenues hinge on a new agreement with Gazprom.
By Andreas Walstad 28 November 2017 0 28581
Gas ipelines at the russia-ukraine border A gas metering station at the Russia-Ukraine border. (Gazprom)

Ukraine’s state-owned Naftogaz will receive around $3 billion for the transit of Russian gas to Europe this year – revenue it risks losing in future years unless it agrees a new transit contract with Gazprom for beyond 2019. 

“Our revenues from transit this year will be close to $3 billion,” Naftogaz Chief Executive Andriy Kobolev told journalists in Brussels on Monday.

However, Kobolev said he was concerned that Gazprom’s proposed Nord Stream 2 and Turkish Stream pipelines will eliminate the need to send Russian gas to Europe...