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11.09.2018 | 12:25

Naftogaz proposed to sell half of Ukrainian GTS for USD 7 billion

Naftogaz asks Groysman to consider GTS sale issue at NDSC meeting.

Naftogaz Ukrainy asked to sell 49% of the Ukrainian gas transportation system (GTS) to international partner of Ukraine. 

It was written in the company's letter to Prime Minister Volodymyr Groysman to which text referrences Ukrainian News.

According to Naftogaz, the whole stake of shares value is USD 14 billion, 49% costs USD 7 billion respectively. 

"Ukrainian legislation allows international partner to buy up to 49% in the authorized capital of Ukraine's GTS operator. If international partner pays USD 7 billion for 49% of GTS operator, the investment may be considered as the guarantee to save incomes from transit at the current level," the document states. 

With this purpose Naftogaz asks Groysman to put the issue before a meeting of Ukraine's National Security and Defense Council (NSDC) and take steps to regulate mentioned strategic issues of the national security. 

References in the article: naftogaz, gts, gazprom
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