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Business    

Naftogaz: Storage facility spinoff needed to attract GTS investors
Journal Staff Report

KIEV, Feb. 24 – Ukraine would not be able to attract a foreign investor to the management of the gas transport system (GTS) without its separation from underground storage facilities, Naftogaz Ukrayiny said.

"Western companies are interested in gas transportation business, and not in the development of the gas storage segment which is loss-making both in Ukraine and Europe [due to extra gas supply, the narrowing of the spread between the prices of gas in winter and summer]," the company said in a presentation devoted to the reformation of the company.




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