Companies & Finance

Ukraine makes $2 bln in revenue from gas transit

Ukraine receives 2.3% of its GDP from gas transit services, Yuriy Vitrenko of Naftogaz has said.
By Staff reporter 1 March 2018 0 29804

Ukraine receives 2.3% of its GDP from gas transit services, Yuriy Vitrenko, chief commercial officer for Naftogaz Ukrainy, told delegates at the Ukrainian Energy Forum in Kiev on Wednesday.

“Naftogaz’s revenues make up 8% of GDP, and Ukraine’s transit income is 2.3% of GDP,” Vitrenko said.

Ukraine’s GDP was $93.27 billion in 2016, according to the World Bank; 2.3% of this sum is $2.14 billion. “We get more [revenues for] gas from transit than [we] pay for imported gas,” he added.

According to Vitrenko, Ukraine’s GDP could increase...