Russian official slams Romania's airspace refusal as ploy against Moldovan leaderRussian Politics & Diplomacy July 28, 17:23
Crimea’s electric power supply restoredWorld July 28, 16:54
Motorcycle swiped from Italy in 2012 turns up in St. PetersburgSociety & Culture July 28, 16:44
Brooklyn Nets deny media buzz that Prokhorov plans to sell controlling stakeSport July 28, 16:10
Russia begins work on deep-water robot to reach Mariana Trench’s floorScience & Space July 28, 15:55
Experts: alternative energy may be used widely in the ArcticBusiness & Economy July 28, 15:50
Russia launches trials of second Yasen-class nuclear-powered submarineMilitary & Defense July 28, 15:39
Aircraft carriers, amphibious ships, and GEVs key to Russian Navy’s futureMilitary & Defense July 28, 15:23
Blackout on Russian mainland leaves Crimea in the darkBusiness & Economy July 28, 15:22
“Now transit is already 86 billion cubic meters against the previous 110-120 billion. It has already dropped because of Nord Stream,” he said.
Once South Stream is constructed, Ukraine “can find itself in a very difficult situation”.
“The absence of partners is the key problem. The Ukrainian gas transportation system (GTS) can now be estimated at $25-35 billion. Without transit, the figure will be less, probably half as much,” said Kobolev.
In the first half of the year, Naftogaz reported 17% less revenue from Russian gas transit to European Union countries than a year earlier (9.03 billion hryvnias, or $750 million).According to the company’s statements, Russian gas transit through Ukraine dropped 7% in physical terms year-on-year to 36.571 billion cubic meters from 39.353 billion cubic meters. In the reporting period, the company sold on the domestic market 15.814 billion cubic meters worth 30.443 billion hryvnias ($2.54 billion) against 15.796 billion cubic meters worth 31.994 billion hryvnias ($2.66 billion) a year earlier.
Naftogaz of Ukraine is the country’s major vertically integrated oil and gas company that produces more than 97% of oil and gas in Ukraine. The company also transports oil and gas and sells petroleum products through its own network of fuelling stations.