Naftogaz CEO assesses Ukraine`s gas transport system at 30 bln USD

Andriy Kobolev, CEO of Ukraine`s oil and gas giant JSC Naftogaz of Ukraine, assesses the value of Ukraine`s gas transport system at US$30 billion.

”We assess it at a figure close to $30 billion,” he said on TV.

Kobolev earlier said that the construction of such gas pipelines as the Turkish Stream and Nord Stream 2 – the latter is actively lobbied by Russia`s OAO Gazprom – would deprive Ukraine of revenue estimated at about $2 billion per year. This would also reduce the value of the Ukrainian gas transport system by about 80%.

Ukrainian President Petro Poroshenko stresses that Ukraine plans to maintain and defend its status as a key transit supplier of Russian gas to Europe.

Russian gas transit shipments to the European Union via Ukraine in 2015 grew by 8% from 2014, to 67.1 billion cubic meter.

The operator of Ukraine`s gas transit system, Ukrtransgaz, expects that gas transit shipments in 2016 will hit 80 billion cubic meters.

January through October 2016, gas transit supplies grew by 20%, to 65.3 billion cubic meters.

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