Naftogaz Ukrainy, following the results of its activities from providing natural gas transit services in January-March 2020, received a positive EBITDA (profit before interest, taxes and depreciation) of UAH 372 million, according to consolidated unaudited statements published on the company’s website.
At the same time, the net income of the company from transit services in January-March 2020 amounted to UAH 10.382 billion.
In turn, according to the report of Gas Transmission System Operator of Ukraine LLC (GTSOU) for the first quarter of 2020, its net income amounted to UAH 14.715 billion (includes not only transit revenues, but also those from provision of internal transportation services).
As reported, the transit contract concluded in 2009 between Naftogaz Ukrainy and Gazprom expired on the morning of January 1, 2020. A new agreement between the companies on the organization of transportation, a transport agreement between Naftogaz and GTSOU, as well as an inter-operator agreement between GTSOU and Gazprom were signed on December 30, 2019.
