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You're reading: Media: Ukrainian oligarchs could take whole Ukrainian GTS under control after privatization of Ukrtransgaz
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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.

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