To worsen the situation with energy supplies, Russia is striking Ukraine’s gas infrastructure. Amid reports that Ukraine faces a tense situation regarding its gas reserves and its aspirations to become an EU gas hub, Russia has launched another attack on Ukraine’s gas infrastructure. In t... #EngelsAirfield #GasInfrastructure #GasstorageUkraine #Myrhorod #Naftogaz #OilRefineryRussia #Poltava #Saratov
Ukraine’s largest oil producer wants to build 200 MW of green capacity in addition to gas generation. Ukrnafta, part of the Naftogaz group, which, with the support of the EBRD, has planned projects to generate energy using its gas, is additionally working to attract investment to build around 200 MW o... #DuncanNightingale #ebrd #energyukraine #gaselectricity #Naftogaz #RenewableEnergyUkraine
News from Ukraine’s gas production sector. The Association of Gas Extracting Companies of Ukraine reports that in 2024, total gross natural gas production in Ukraine amounted to 19.12 billion cubic meters (+2.3% compared to 2023). The companie... #GasProductionUkraine #Naftogaz #UkraineGTS #Ukrgazvydobuvannya
The Ukrainian government announced a new operation model for the Ukrainian gas transport system after ceasing Russian gas transit. Prime Minister of Ukraine Denys Shmyhal stated: “The Ukrainian gas transportation system now operates without the transit of Russian gas and will implement a new operational model this year. We ... #DenysShmyhal #energyukraine #GasTransit #Gazprom #Naftogaz #UkraineGTS
The Ukrainian energy system has once again come under a massive assault by the Russian Federation. On the morning of November 28, Russia attacked energy facilities throughout Ukraine, leaving hundreds of thousands of Ukrainians without electricity, Energy Minister Herman Galushchenko said. As a res... #EnergyInfrastructure #GermanGalushchenko #MissileAttackOnUkraine #Naftogaz #RussianAggression #WarinUkraine
The government and energy companies assess Ukraine’s readiness for winter. Considering gas consumption by power plants, Ukraine will have enough resources for the upcoming winter season, Energy Minister Herman Galushchenko assured the public. According to him, Ukraine has ag... #DTEK #energyukraine #GasstorageUkraine #GermanGalushchenko #HeatingSeason #Naftogaz #Ukrenergo
Ukraine can become the Eastern European gas hub with its increased production. Deputy Minister of Energy Mykola Kolisnyk stated that the production increase is a crucial factor in reducing Ukraine’s dependence on global markets, while also raising the possibility of a stab... #energyukraine #GasProductionUkraine #GasstorageUkraine #MykolaKolisnyk #Naftogaz #Ukrgazvydobuvannya
Is Ukraine ready for winter without the transit of Russian gas? Ukraine is technically ready to get through the winter without the transit of gas through its territory, which is scheduled to stop entirely on December 31, said head of Naftogaz Oleksiy Chernyshov. N... #DTEK #Energoatom #energyukraine #GasTransit #HeatingSeasonUkraine #Naftogaz #RussianGas
Ukraine can become an EU energy hub, but stopping the transit of Russian gas has certain risks. Thanks to a robust gas transportation and storage system, Ukraine can become Europe’s energy hub and the anchor of its energy security, said Oleksiy Chernyshov, head of the board of Naftogaz of ... #energyukraine #GasstorageUkraine #GasTransit #Naftogaz #OleksiyChernyshov #UkraineGTS
Ukraine will borrow €200M to buy gas from the EU for a rainy day. State company Naftogaz will start purchasing gas in Europe, with deliveries scheduled for September. The purchased gas will be pumped into Ukraine’s underground storage facilities through the cu... #EBRDinUkraine #GasforUkraine #Naftogaz #UkraineGasSupplies
European gas traders avoid Ukrainian storage facilities after Russian attacks; Naftogaz states it is operating as usual. This summer, European traders have contracted only a small portion of Ukrainian gas storage capacity following Russian attacks. The FT notes that increased risk and a lack of price incentives have red... #GasstorageUkraine #GasTraders #Naftogaz #UkraineGTS #UndergroundStorageFacilities
Ukraine has accumulated 10 billion cubic meters of gas to get through the winter season; Russian strikes will not affect the injection rate. More than 10 billion cubic meters of gas have already been stored in Ukrainian underground storage facilities in preparation for the heating season. This pace of gas accumulation makes it possible to ... #GasstorageUkraine #HeatingSeasonUkraine #Naftogaz #Naturalgas #OleksiyChernyshov #UkraineEnergy
The EBRD provides €200M to strengthen Ukraine’s energy security and will help increase the number of Ukrainian projects that are ready to attract foreign investment. €200M from EBRD will support Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security. The corresponding guarantee agreement was signed by the Minister of Finan... #ArvidTuerkner #ebrd #EnergyIndependence #InvestmentsinUkraine #Naftogaz #SerhiyMarchenko #UkraineFacility
Ukraine has increased gas production to a record level; there will be enough fuel in storage for new gas generation. In six months, state company Ukrgazvydobuvannya set another record for gas production with 6.9 billion cubic meters of commercial gas, which is 8.8% more than in the same period last year. According t... #GasGenerationPlant #GasProductionUkraine #Naftogaz #OleksiyChernyshov #Ukrgazvydobuvannya #Ukrnafta
State companies plan to extract 15 cubic meters of gas and two million tons of oil this year and have launched seven new gas wells. The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to... #DenysShmyhal #energyukraine #GasProductionUkraine #Naftogaz #OilProductionUkraine #OleksiyChernyshov
During the years of the war against Ukraine, revenues from the Russian Federation’s gas exports have decreased fourfold. The failed attempt to freeze Europe, which deprived Russia of a key natural gas sales market, has collapsed gas revenues in the Russian budget, say analysts from the Russian Gaidar Institute. Accordin... #GasTransit #Naftogaz #RussiaBudget #RussianEconomy #RussianGas
Ukraine aims to increase the volume of European gas in storage to four billion cubic meters and earn ₴70B through the transit of Russian oil. The head of Naftogaz, Oleksiy Chernyshov, is convinced that Europe is still interested in Ukrainian gas storage, and he has called on EU countries to help protect gas storage facilities from Russian a... #GasstorageUkraine #Naftogaz #OilTransit #OleksiyChernyshov #RussianOil #UkraineGTS
Ukraine has 22 biomethane plants ready to join the gas distribution network. Serhiy Minin, a representative of Gas Distribution Networks of Ukraine, said that the company has already issued two approvals of technical conditions for the connection of biomethane plants in the Ky... #BioGas #Biomethane #BiomethaneDevelopment #Naftogaz #SerhiyMinin #UkraineGTS
Ukraine is preparing to launch its biomethane register and is discussing the attractiveness of investment in the industry. The head of the State Agency for Energy Efficiency, Hanna Zamazeyeva, said that the development of the biomethane register is currently underway. Once implemented, exporters can supply biomethane to E... #BioGas #Biomethane #BiomethaneTransportation #energyukraine #Naftogaz #RenewableEnergyUkraine #UkraineGTS
Naftogaz reaches agreements on gas storage in Ukraine with German, Norwegian and French companies; more than 200 traders are already using these services. The head of the Naftogaz group, Oleksiy Chernyshov, said that Ukraine is negotiating with German company RWE, Norwegian Equinor, and French TotalEnergies and Engie. Chernyshov also clarified that, so ... #Naftogaz #NorwegianEquinor #OleksiyChernyshov #RWE #UkraineGasMarket #Ukrainegasstorage #UkraineGTS
Ukraine refuses to import gas and is preparing for zero transit. As a memorandum with the IMF states, “Limited domestic consumption and growing domestic production limited the need for gas imports during the last heating season. For the next heating season of... #energyukraine #GasstorageUkraine #GasTransit #GasUkraine #imf #Naftogaz #UkraineGasimport #UkrainianGTS
Over the March 22-24 weekend, Russia carried out one of its largest attacks on Ukraine. In their attack on Ukraine, Russia launched 151 separate aerial weapons with a total cost of $677M. Ukraine’s defenses destroyed 55 drones and 37 missiles. As a result of the attack, energy facilities... #DniproHPP #EnergyInfrastructure #Naftogaz #RussianAttackonUkraine #Ukrhydroenergo #WarinUkraine
Ukraine suffers $400 million in losses per year due to the transit of Russian gas. Naftogaz of Ukraine is suffering significant losses from the transit of Russian gas, the chairman of the company’s board, Oleksiy Chernyshov, said. Since May 2022, Ukraine has stopped gas transit thro... #GasTransit #Naftogaz #OleksiyChernyshov #RussianGas #UkraineGTS
State-owned companies must pay 80% of their profits in the form of dividends. The Cabinet of Ministers reported that the basic norm for deducting the share of profit directed to paying dividends for enterprises whose charter capital includes state corporate rights should be 80%... #Naftogaz #OschadbankUkraine #TaxesToTheBudget #TaxesUkraine #UkraineStateOwnedEnterprises #UkrainianRailways #Ukrnafta
For the first time in 20 years, Ukraine extracted more than one billion cubic meters of gas from new wells in 2023. State gas mining company UkrGasVydobuvannya produced more than a billion cubic meters of gas from new wells that were put into operation in 2023. This is the best annual production from new wells sinc... #energyukraine #GasMiningUkraine #GasProduction #Naftogaz #Ukrgazvydobuvannya
The World Bank supplies$400M for the Ukrainian budget, and the EBRD provides €200M for gas purchases. The state budget of Ukraine received a $400M loan under Great Britain’s guarantee through the World Bank Trust Fund. The funds are part of the fifth financing round of the PEACE in Ukraine project. Th... #ebrd #LoansForUkraine #Naftogaz #PeaceInUkraine #UkraineBudget #worldbank
European energy companies are actively using Ukrainian underground gas storage. Gas reserves in the EU are approaching their storage limits, which forces energy companies to place their excess reserves in Ukraine on winter’s eve. EU gas storage is already almost 99% full, e... #EUgas #GasstorageUkraine #Naftogaz #UkrainianGTS
Ukraine can continue gas transit from Russia if European countries need it. According to the chairman, Oleksiy Chernyshov, Naftogaz is losing money with the current agreements, as Russia transports much less gas than it should do according to its contractual obligations. R... #GasTransit #Gazprom #Naftogaz #OleksiyChernyshov #RussianGas
Gas production indicators in Ukraine are approaching pre-war levels. State-owned Ukrgazvydobuvannya increased gas production to 36.6 million cubic meters per day in August, the Naftogaz press service reported. However, this is still less than before the start of full-s... #GasProductionUkraine #Naftogaz #Ukrgazvydobuvannya
State company Naftogaz plans to modernize gas production in Ukraine. To optimize the development of natural gas, the company will rely on the US’ experience, writes NI. The publication notes that Ukraine can become an energy-independent country in six years if it... #GasProductionUkraine #Naftogaz #OleksiyChernyshov
Ukraine will not renew the contract for the transit of Russian gas to the EU after 2024. Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas... #AustrianOMV #GasTransit #Gazprom #Naftogaz #RussianGasTransit #UkraineGTS
Ukraine’s state oil and gas company, Naftogaz, plans to increase gas production by 8% this year. In 2023, Naftogaz Group intends to increase gas production by 8% compared to 2022, announced company CEO Oleksiy Chernyshov. “Despite the war, Naftogaz maintained their gas production volume. Mo... #GasProductionUkraine #Naftogaz #OleksiyChernyshov
Ukraine’s largest gas producer has put three more wells into operation. State company Ukrgazvydobuvannya put into operation three highly productive wells in June, with a total throughput of 425,000 cubic meters of gas per day, reported the Naftogaz Group. The company adde... #GasProductionUkraine #GasWell #Naftogaz #OleksiyChernyshov #Ukrgazvydobuvannya
The Cabinet of Ministers agreed on the restructuring terms for the Naftogaz Eurobonds due in July 2022 and November 2026. “This brings the company one step closer to fulfilling its obligations to investors,” said Oleksiy Chernyshov, Chairman of the Board of Naftogaz. The solicitation to amend the terms of the $335M... #BondsUkraine #Naftogaz #NaftogazBonds #OleksiyChernyshov
Brussels calls on European banks to provide insurance guarantees for gas storage in Ukraine. According to Naftogaz, the company can offer EU companies the capacity to place up to 10 billion cubic meters of gas, with the possibility of increasing it to 15 billion cubic meters if Ukraine reclai... #gasstorage #GasstorageUkraine #MaroshŠefčovych #Naftogaz
Ukrtransgaz plans to invest UAH 16.6B in its development during 2023-2032. The operator of Ukrainian gas storage facilities, Ukrtransgaz, which is part of the Naftogaz group, has developed a gas storage development plan for 2023-2032. As part of the 10-year plan to build gas... #EnergyInvestments #GasstorageUkraine #Naftogaz #UkraineGTS #Ukrtransgaz
Ukraine is preparing for a new heating season without importing gas. In case of war complications, the necessary volumes will be able to be bought quickly, said Oleksiy Chernyshov, head of Naftogaz of Ukraine. He added this year, the amount of Ukrainian gas will be eno... #HeatingSeasonUkraine #Naftogaz #OleksiyChernyshov #ukrainegas #UkraineGasProduction
Naftogaz decides not to build a CHP biofuel plant in Lviv. State company Naftogaz of Ukraine refused to implement the construction of the first biofuel CHP plant in Lviv worth UAH 1B ($27.5M) that had been initiated by the ex-head of the company, Yuriy Vitren... #AndriySadovyi #BiofuelPlant #energyukraine #Naftogaz
Two new gas wells allow Ukraine to increase daily gas production by 300,000 cubic meters. State gas producer Ukrgazvydobuvannya has launched two production wells in April at one of the largest fields in Ukraine. The two wells added more than 300,000 cubic meters of gas to the company’... #GasProductionUkraine #GasWell #Naftogaz
Ukraine has joined the new gas purchase platform launched by the EU. The EU has launched a first-of-its-kind process for European companies to register their gas purchase needs via the AggregateEU mechanism to prepare for the joint purchase of gas through a coordinated... #EUGasPurchase #gasstorage #Naftogaz
Naftogaz invites foreign oil companies to participate in gas production in Ukraine; the first contract is close to being signed. The Ukrainian company is negotiating with ExxonMobil, Chevron, and Halliburton regarding their potential participation in Ukrainian gas production, said Naftogaz chairman Oleksiy Chernyshov. The compa... #GasProductionUkraine #Halliburton #Naftogaz #OleksiyChernyshov
Naftogaz has won an arbitration case against Russia for $5B over assets in Crimea. The arbitration tribunal at the Permanent Chamber of the Arbitration Court in The Hague ordered Russia to pay $5B to Naftogaz of Ukraine, the company’s head, Oleksiy Chernyshov, said. He explain... #Naftogaz #OleksiyChernyshov
Naftogaz and the GTS Operator will report their financial results to the IMF. According to the text of a memorandum of understanding, information on the cash flows of both companies must be submitted to the IMF no later than the 25th of the following reporting month. The report... #Naftogaz #UkraineGTS
Naftogaz Ukraine provided creditors with a working scenario for debt restructuring. During an online meeting with investors, the company proposed a working plan for resolving the situation with 2022 and 2026 Eurobonds. Naftogaz and financial advisor Lazard Frères SAS are currently pr... #Naftogaz #NaftogazBonds #OleksiyChernyshov
Ukrainian gas production decreases by 5%. Daily commercial natural gas production by the state company Ukrgazvydobuvannya in January and February 2023 amounted to 34.2 million and 34.5 million cubic meters, respectively, 5% less than in Janua... #Naftogaz #UkraineGasProduction #Ukrgazvydobuvannya
Ukraine’s oil and gas giant suffered $1B in war losses but plans to increase production. Naftogaz of Ukraine’s losses from Russian shelling during the war amount to more than $1B. Most of the destruction took place in the Kharkiv region, said the company’s head, Oleksiy Chernyshov. ... #GasProductionUkraine #Naftogaz #OleksiyChernyshov
Fitch confirmed the limited default of Naftogaz of Ukraine. The international rating agency Fitch Ratings has confirmed the long-term default rating of the issuer Naftogaz of Ukraine at the RD level as attempts to restructure two issues of Eurobonds continue, ... #FitchRatings #Naftogaz
In compliance with the terms of the memorandum with the IMF, Ukraine appoints a supervisory board for Naftogaz. Among the new supervisory board members, two are from the state, and four are independent. Deputy Head of the Office of the President Rostyslav Shurma, and Advisor to the Prime Minister of Ukraine on ... #Naftogaz #NaftogazSupervisoryBoard #OleksiyChernyshov
The Ukrainian government plans to use some US financial assistance for gas purchases. Ukraine is seeking to use part of the $500M financial assistance provided by the US via the European Bank for Reconstruction and Development to purchase natural gas for the winter, Naftogaz said on it... #GasforUkraine #Naftogaz #OleksiyChernyshov
Ukraine asks the US to help with gas for heating. Oleksii Chernyshov, head of Naftogaz of Ukraine, voiced a corresponding request to USAID. As the company reported, during a meeting with Erin Elizabeth McKee, assistant administrator of the USAID Bure... #ErinElizabethMcKee #GasforUkraine #Naftogaz #OleksiyChernyshov
