The old game of selling gas to factories at household rates still costs Naftogaz about $350 million a year
Thursday, November 15, 2018

The old game of selling gas to factories at household rates still costs Naftogaz about $350 million a year

The old game of selling gas to factories at household rates still costs Naftogaz about $350 million a year, Andriy Kobolyev, the company CEO, said Tuesday at conference organized in Kyiv by Nobles Fortune, the consulting company. Although abuses have largely ended, middlemen companies still manage to sell 1-2 billion cubic meters of subsidized ‘household’ gas every year to companies, the Kyiv Post reports. So far, the Rada rejects legislation to make public the names of companies buying cheap gas from the intermediaries.

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