None of the 10 European companies seeking a partnership role managing Ukraine’s massive pipeline system wants to actually buy or invest in the system,
Tuesday, November 20, 2018

None of the 10 European companies seeking a partnership role managing Ukraine’s massive pipeline system wants to actually buy or invest in the system,

None of the 10 European companies seeking a partnership role managing Ukraine’s massive pipeline system wants to actually buy or invest in the system, Naftogaz CEO Andriy Kobolyev said Monday at A7’s Ukrainian Energy Week ’18 in Kyiv. Earlier this fall, Kobolyev valued the pipeline system, known as GTS, at $14 billion, implying that a foreign management partner should pay $7 billion for 49%. But, Russia is building two pipelines to send gas to Europe by bypassing Ukraine. “With Nord Stream 2 and TurkStream, I cannot see any realistic wish to buy Ukraine’s GTS – maybe it will emerge later,” Kobolyev said Monday. Gazprom’s transit contract with Naftogaz expires in 13 months. After that, it is unclear how much Russian gas will continue to flow through Ukraine’s pipes.

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