Naftogaz experiences negative net cash flow on gas debts: CEO
KYIV, Dec 21 – The Naftogaz Group in 2018 due to debts under public service obligations (PSO) and debts of regional gas suppliers for balancing services to Ukrtransgaz has negative net cash flow and will enter 2019 with the smallest amount of cash on the balance sheet, which complicates purchase of gas in the peak of the heating season, national joint-stock company Naftogaz Ukrayiny CEO Andriy Kobolev has said. |