Share Tweet Pocket Add to Bookmarks
You're reading: Media: Ukrainian oligarchs could take whole Ukrainian GTS under control after privatization of Ukrtransgaz
on social media

Alla Yeremenko gave her opinion in an article on the energy issues in Dzerkalo Tyzhnia.Ukraine weekly.

The reorganization of Ukrtransgaz into a public joint-stock company will allow the Ukrainian oligarchs for a token sum of UAH 6.5 billion, to take under control the whole Ukrainian gas transport system, which is valued according to various estimates from $10 billion to $27 billion.

The Cabinet of Ministers, under an order of the Ukrainian president, has ordered the reorganization of the subsidiaries of Naftogaz Ukrainy – Ukrtransgaz and Ukrgazvudobutok – into public joint-stock companies. Formally, Ukraine is thus fulfilling the requirements of the third energy package of the European Union. Informally, direct and rather cheap access to the Ukrainian gas transport system is opened up with the corporatization of Ukrtransgaz.

Subscribe now

Save 20% on your digital subscription to Kyiv Post until April 1.


Use the promo-code Spring2017 during the checkout

See All Plans
Monthly plan
Get unlimited article access, anytime, anywhere.

Yearly plan
Access all the exclusive content on and the complete online archive.

Add comment

Sorry, you must be logged in to post a comment.
More in this section

Add a picture
Choose file
Add a quote

Are you sure you want to delete your comment?


Are you sure you want to delete all user's comments?


Are you sure you want to unapprove user's comment?


Are you sure you want to move to spam user's comment?


Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: