Ukraine's revenues from gas transit in 2017 for the first time could exceed gas imports spending - NBU

17:57, 15.12.2016 1 min read

The National Bank for the first time has allowed the positive foreign trade balance of Ukraine in the segment of natural gas imports and services for its transit.

"The next year, according to our estimates, could be the first year when revenues from gas transit could exceed expenditure for gas imports," Deputy Head of the NBU Dmytro Solohub said at a press conference.

As reported, Ukraine in January-November 2016 increased transit of natural gas to Europe and Moldova by 22.3% compared to the same period in 2015, to 73.78 billion cubic meters, while reducing imports of natural gas by 41.2%, to 9.42 billion cubic meters.

According to a source in the Ministry of Energy and Coal Industry, Ukraine could in 2017 reduce gas imports from 12 billion cubic meters to 10 billion cubic meters.