South Stream may decrease gas transit through Ukrainian gas transportation system by 60 billion cubic meters

The launch of the South Stream gas pipeline by Russia may decrease the Ukrainian transit of gas by 60 billion cubic meterss, the chairman of the Naftogaz Ukrainy’s Board, Andrei Kobolev stated.

"The South Stream gas pipeline will take potentially up to 60 billion cubic meters of gas from the Ukrainian transit. Today this transit is 86 billion cubic meters. Previously, it was 110-120 billion. That is, it has already fallen.This is due to the Nord Stream pipeline,”- Kobolev noted.

According to him, after the construction of South Stream “the Ukraine can be in a very difficult situation". "The main problem is the lack of partners. I’ll give an interesting figure. Currently the Ukrainian gas transportation system can be estimated in value in the range from $25 to $35 billion. Without the transit this figure will be less. Perhaps, two times," - said Kobolev .

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