Ukrtransgaz, the state-owned operator of the east-west pipeline system, reports that through September its net loss increased by 35% yoy, to $785 million

Friday, November 2, 2018
Ukrtransgaz, the state-owned operator of the east-west pipeline system, reports that through September its net loss increased by 35% yoy, to $785 million

Ukrtransgaz, the state-owned operator of the east-west pipeline system, reports that through September its net loss increased by 35% yoy, to $785 million. Transshipments of Russian gas to the EU have declined. Gazprom has threatened further cuts after the gas transshipment contract expires, 14 months from now.

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Ukrhydroenergo, operator of the nation’s major hydro power plants, saw its net profit rise by 22% through September, yoy.

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