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.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
To soothe relations with Hungary, a major source of tourism and investment,

To soothe relations with Hungary, a major source of tourism and investment,

Next post
Harvest reports indicate that Ukraine’s total grain production will hit a record of 70 million tons

Harvest reports indicate that Ukraine’s total grain production will hit a record of 70 million tons

Previous Main Topics