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Naftogaz has offered to sell half of the Ukrainian GTS for $7 billion

Нафтогаз предложил продать половину украинской ГТС за $7 млрд

Naftogaz of Ukraine has proposed to sell 49% stake in the operator of the Ukrainian gas transportation system (GTS), the international partner of Ukraine.

This is stated in the company letter to the Prime Minister Vladimir Groysman, the text of which is available to Ukrainian news.

According to Naftogaz, the cost of the shares is $14 billion, a 49% – $7 billion, respectively.

“Ukrainian legislation allows qualified international partner to acquire up to 49% stake in the operator of Ukraine’s GTS. If the international partner will pay, respectively, $7 billion for a 49% stake in the operator of the GTS, such investment can be viewed as a guarantee of income from the transit at the current level”, – the document says.

In this regard, Naftogaz requests, to be submitted to the Council of national security and defense of the above strategic issues of national security and make the decision on application of measures to resolve them.


Naftogaz of Ukraine 100% state owned. It includes the operator of the Ukrainian GTS and underground gas storage (UGS) company Ukrtransgaz, the largest gas company Ukrgazvydobuvannya.


Earlier, Russian President Vladimir Putin said that Russia is ready to extend the contract for gas transit through Ukraine in case of “settlement” of the dispute between Naftogaz and Gazprom.

At the same time, the Naftogaz stressed that Putin mentioned two of the dispute was already resolved in the Stockholm arbitration. The problem “only” that Gazprom does not fulfill the decision of the arbitration does not supply gas to Ukraine at prices that are determined by arbitration, and pays us $2.6 billion compensation determined by arbitration.

Earlier, the Chairman of the Board of Gazprom Alexey Miller said that after the launch of the gas pipeline Nord stream-2 and Nord stream, the transit of Russian gas through Ukraine will be reduced by 10 times.

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