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Naftogas wants to sell 49% stake of gas transportation system to international partners

Author : News Agency 112.ua

According to Naftogaz, the value of the entire block of shares is $ 14 billion, correspondingly, 49% of the shares are $ 7 billion
19:25, 12 September 2018

Open source

Ukraine’s national joint-stock company Naftogaz deems appropriate to sell a 49% stake of Ukrainian gas transportation operator to Ukraine’s international partner to ensure the preservation of revenues from gas transit. This is reported by Ukrainian News, which have a letter to Naftogaz, addressed to Prime Minister Volodymyr Groysman.

According to Naftogaz, the value of the entire block of shares is $ 14 billion, correspondingly, 49% of the shares are $ 7 billion.

Related: Will Ukraine's gas transportation system stay under Naftogaz?

"The value of the gas transporting system (GTS) is estimated at about $ 14 billion by an authoritative international company. Ukrainian law allows a qualified international partner to acquire up to 49% shares of the Ukrainian GTS operator. If the international partner pays $ 7 billion for a 49% stake in the GTS operator, this investment might be considered as a guarantee of preserving the transit income. Only a partnership, directed to the implementation of the strategic plan of maintaining a key transit role, will meet the interests of Ukraine," the document says.

According to the letter, Naftogaz asks Groysman to bring this issue to the National Security and Defense Council and decide on the application of measures to resolve them.

Related: Gazprom owes additional $100 million to Naftogaz for non-implementation of arbitrage decision

September 12-13, Ukraine, Russia, and the European Union intend to hold trilateral talks on the transit of gas through Ukraine to Europe.

Earlier, Russian President Vladimir Putin said that Russia was ready to extend the contract for the transit of gas through Ukraine in the event of a "settlement" of the dispute between Naftogaz and Gazprom.

Read the original text at 112.ua

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