RT: Ukraine's pipelines will loose 50% of value when South Stream starts - Naftogaz head
The South Stream gas pipeline, which bypasses Ukraine, may halve the value of Ukraine’s gas transportation system (GTS), according to Andrey Kobolev the head of Ukraine’s Naftogaz.
After the Russian–led South Stream project is complete and working at full capacity, the value of Ukraine’s GTS may fall as much 50 percent from the present estimate of $25-$35 billion, RIA Novosti quotes the head of the company.
“We have no wish to lose it, and it’s unreasonable," Kobolev said on a Ukrainian local TV channel.