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
Naftogaz Ukraine has enough funds to purchase gas for the country’s needs. The government of Ukraine transferred UAH 12.7B to Naftogaz to purchase gas to provision Ukrainian gas storage facilities. Ukraine had received these funds from the Canadian government. “At todayR... #DenysShmyhal #GasReservesUkraine #HeatingSeasonUkraine #Naftogaz
Norway provides NOK 2B in grants to Ukraine’s Naftogaz via the EBRD. The European Bank for Reconstruction and Development (EBRD) and the Norwegian government have joined forces to assist Ukraine’s state-owned gas company, Naftogaz Ukraine, to supply energy to Ukrainia... #EBRDaidforUkraine #Naftogaz #NorwayGrantsToNaftogaz
On November 17, Russian forces shelled Ukrainian gas production facilities. Russian Federation missile strikes on November 17 targeted gas production and enterprises in the Dnipro region, particularly Pivdenmash said Prime Minister Denys Shmyhal. According to Naftogaz Ukraine... #MissileAttackOnUkraine #Naftogaz #UkraineENergySystem #Ukrgazvydobuvannya
Ukraine will have its European gas storage operator. Ukraine is preparing to certify Ukrtransgaz as a European gas storage operator. The first stage is the introduction of relevant changes to Ukraine’s legislation. This is already in the implementation ... #GasstorageUkraine #Naftogaz #Ukrtransgaz
Ukraine agrees to terms on gas supply through the Baltic Pipe. Naftogaz of Ukraine has preliminary agreements in place for its gas supply through the Baltic Pipe gas pipeline from Norway to Poland. However, the company currently does not have the funds to purchas... #BalticPipe #GasforUkraine #GasSupplies #Naftogaz
Ukraine has accumulated almost 14 billion cubic meters of gas for the heating season. Of the total amount, the state company Naftogaz purchased more than 200 million cubic meters of fuel from private gas production companies. The company reported that as of October 3, gas reserves in s... #HeatingSeasonUkraine #Naftogaz #UkrainianGas
Ukraine plans to completely abandon the use of natural gas for heating. According to Yury Vitrenka, chairman of the board of Naftogaz of Ukraine, the experience in Zhytomyr shows that in most cases, it is possible to switch to heating using biomass and garbage as fuel sou... #EneogyOfBiomass #Naftogaz #YuriyVitrenko
Naftogaz’s CEO warns of complete shutdown of Russian gas transit through Ukraine. There’s a high-risk Russia will completely stop natural gas shipments to the European Union through Ukraine, said the CEO of state energy company Naftogaz-Ukraine, Yuriy Vitrenko. “I would estimate t... #Naftogaz #RussianGasTransit #YuriyVitrenko
Naftogaz will launch its gas station network in September. In September, Naftogaz of Ukraine will launch 30 gas stations in the capital and Kyiv region under the U.GO brand. The company said that the gas stations will utilize the seized Glusco network, which ... #gasstationnetwork #Naftogaz #U.GO
A new well with a potential for 120,000 cubic meters of gas per day was launched in Ukraine. Naftogaz-Ukraine launched a new exploratory well in the Kharkiv Region with the possibility of producing at least 120,000 cubic meters of gas per day. As the company reported, specialists discovered a... #GasProductionUkraine #GasWell #Naftogaz
Naftogaz will postpone payments for one of its Eurobond issues. Holders of Naftogaz Eurobonds maturing in 2024 agreed to defer payments for two years, but owners of another issue of Eurobonds refused to defer payments, reported Naftogaz. Thus, 77% of investors wi... #Naftogaz #NaftogazEuroBonds
Naftogaz talks about the risks of the upcoming heating season. This year’s heating season in Ukraine will start later than traditionally and end earlier. As the CEO of Naftogaz, Yuriy Vitrenko, predicted in an interview with The Guardian, the air temperatur... #HeatingSeason #Naftogaz #YuriyVitrenko
The Naftogaz debt holders have refused to postpone Eurobond payments for the second time. State oil and gas company Naftogaz has not received consent from creditors for a two-year bond payment postponement for the second time, Reuters writes. On August 17, in the presence of a quorum, le... #Eurobond #Naftogaz
Ukraine might not be able to store 19 billion cubic meters of gas in reserves before winter. Ukraine’s Naftogaz is unlikely to be able to fulfill the task given by the Cabinet of Ministers to accumulate 19 billion cubic meters of gas in underground storage by winter, said CEO of Naftogaz Yuri... #Naftogaz #YuriyVitrenko
Ukraine has lost many oil and processing assets due to the war. Since the full-scale Russian invasion of Ukraine, many oil and processing assets, underground gas storage facilities, and mining facilities have been lost. For example, according to CEO of Naftogaz Yu... #Naftogaz #oilassets #YuryVitrenko
Fitch has downgraded Naftogaz, Ukrenergo, and Ferrexpo ratings. Fitch, the international rating agency, lowered the long-term rating of Naftogaz in foreign currency to the level of RD (limited default). The agency said that this happened after the company failed t... #ferrexpo #FitchRatings #Naftogaz #Ukrenergo
Kondor Finance refuses to change the terms of Naftogaz Eurobonds. Naftogaz of Ukraine was not able to agree to change the credit terms with the issuer of its Eurobonds, Kondor Finance plc according to a document from the Cabinet of Ministers of Ukraine. The document... #eurobonds #KondorFinance #Naftogaz
Naftogaz has asked Eurobond holders to postpone their payments. Naftogaz of Ukraine, through the issuer of its Eurobonds, Kondor Finance plc, appealed to the holders of these securities for almost $1.5B with a proposal to postpone its coupon payments for two year... #Naftogaz #NaftogazBonds #NaftogazEuroBonds
Naftogaz is rushing to supply oil products to fix the fuel shortage in Ukraine. Ukraine National oil and gas company Naftogaz is working to eliminate the deficit that arose in the petroleum products market. For the third month in a row, the company is increasing the volume of fu... #GasSupply #Naftogaz #UkraineGasShortage
Oil refining has been stopped completely in Ukraine. Ukraine’s entire oil refining industry has ceased to work due to targeted Russian rocket attacks, said the CEO of Naftogaz, Yuriy Vitrenko. “All oil refining in Ukraine is currently at a halt du... #CEOnaftogaz #Naftogaz #refiningindustry #YuriyVitrenko
Naftogaz has increased payments to the government by 34%. In January-May 2022, compared to the same period in 2021, Ukraine’s national gas and oil company Naftogaz, increased payments to the state budget (excluding dividends) by 34.3% to UAH 47B ($1.5... #Naftogaz #NaftogazUkraine #UkraineBudgetRevenue #YuriyVitrenko
The government allocates six CHPs for Naftogaz. To ensure uninterrupted heat and electricity supply, the Government ordered the transfer of six CHPs to Naftogaz, announced Prime Minister Denys Shmyhal. According to him, this will allow more effic... #CHPukraine #energyukraine #Naftogaz
The Ukrainian government wants Lend-Lease energy assistance. According to FP, Ukraine’s energy leaders are offering Washington and other Western capitals several possible solutions to secure supplies for the coming winter and increase domestic production.... #LandLease #LandLeaseEnergy #LNGforUkraine #LNGimport #Naftogaz #YuriVItrenko
Naftogaz’s net income for 2021 is UAH 13B, compared to a UAH 19B loss in 2020. The Cabinet of Ministers approved the Naftogaz Ukraine annual report for 2021 and recognized the work of the Naftogaz board in 2021 as satisfactory. The government approved Naftogaz’s yearly rep... #Naftogaz #NaftogazEarnings #NaftogazUkraine #YuriyVitrenko
The EBRD will bolster Ukraine’s energy security with up to €300M for Naftogaz. The European Bank for Reconstruction and Development (EBRD) will lend up to €300M to help Ukraine’s gas company Naftogaz compensate for the loss of natural gas production following the invasion of Uk... #ebrd #EBRDloan #ebrdukraine #Naftogaz
Naftogaz has signed a memorandum with a Canadian company on liquefied natural gas supplies. Symbio Infrastructure plans to supply liquefied natural gas and green liquid hydrogen starting from 2027. Through its subsidiary, GNL Québec, Symbio is developing a carbon-neutral project in Quebec t... #LNGimport #Naftogaz #SymbioInfrastructure #YuriyVitrenko
Naftogaz will create its own gas station network. Naftogaz will be a national operator in the gas station market to prevent high prices, said the CEO of Naftogaz, Yuriy Vitrenko. According to him, the state does not intend to monopolize this market. ... #Naftogaz #NaftogazGasstations #YuriyVitrenko
The EBRD intends to invest $1B in Ukraine this year. The European Bank for Reconstruction and Development (EBRD) plans to invest $1B in 2022 and is ready to finance Naftogaz, said Bank President Odile Reno-Basso. “We want to continue investing, an... #ebrd #EBRDinvestments #Naftogaz #Ukrenergo
Naftogaz is discussing a gas loan with the EBRD. Ukraine’s national gas and oil company, Naftogaz of Ukraine, and the European Bank for Reconstruction and Development (EBRD) discussed the terms of obtaining a loan for the purchase of natural ... #ebrd #Naftogaz #NaftogazLoan #NaftogazUkraine
Ukraine will continue gas transit until it is technically possible. Ukraine will continue the transit of Russian natural gas while it is technically feasible but proposes to freeze funds from its sale in escrow accounts until the withdrawal of Russian troops from Ukr... #GasTransit #GasTransitDuringWar #Naftogaz #YuriyVitrenko
Naftogaz is demanding $10B in compensation from Russia through the Arbitration Tribunal in The Hague for assets lost due to the annexation of Crimea. In a lawsuit against Russia, Naftogaz seeks more than $10B in damages, including interest. Arbitration he... #GasProductionUkraine #Naftogaz #YuriyVitrenko
Fitch downgraded Naftogaz’s credit rating outlook. According to Fitch, the revised Naftogaz’s rating has changed from positive to stable. At the same time, the agency left Naftogaz’s credit rating unchanged at level B, which reflects the risk of... #FitchRatings #Naftogaz
Ukrtransgas invests UAH 144M in the reconstruction of equipment at Uhersk UGS. Naftogaz subsidiary Ukrtransgas has begun reconstruction of the gas dehydration installation at the Uhersk underground gas storage facility (UGS), in which it will invest UAH 144M ($5.15M), reported ... #gasstorage #Naftogaz #UkrtransGas
Naftogaz plans to produce 3.3 billion cubic meters of gas in the first quarter. According to Prime Minister Denis Shmygal, “Currently, we have about 11.5 billion cubic meters in gas storage facilities, in addition, Naftogaz plans to produce another 3.3 billion cubic meters... #GasMiningUkraine #Naftogaz #NaftogazInceasedGasMining
DTEK Naftogaz invested over UAH 2B in 2021. Due to this, by the end of the year, the company increased production by 12% compared to 2020 and raised 2.06 billion cubic meters of gas from the subsoil. Recently, the company completed the constru... #DTEK #Naftogaz
Ukrgazvydobuvannya has put into operation a new software complex for gas metering. State gas producer Ukrgazvydobuvannya has started research and development operation of the new Bee-UGV software package, which collects data from energy metering units and calculates the amount of na... #BeeUGV #energyukraine #Naftogaz #Ukrgazvydobuvannya #YuriyVitrenko
Naftogaz will spend up to UAH 200 M on solar power plants. The State company will allocate up to UAH 200 M ($7.27 M) to install small solar power plants in Donetsk, Luhansk, and Kherson regions. By its order adopted on January 12, the government obliged Nafto... #Naftogaz #NaftogazUkraine #SolarPowerPlants
Ukraine has started increasing gas production. Ukrgazvydobuvannya, which is a subsidiary of Naftogaz, has launched the first stage of gas compression of the Chervonodonetsk Compressor Station (CHDKS) in the Kharkiv region. The new set of equipment... #gasmining #GasUkraine #Naftogaz #NaftogazUkraine #Ukrrgasvydobuvannya
Naftogaz has started selling electricity on the stock exchange. Gas Supply Company Naftogaz participated in an auction for the sale of electricity on the Ukrainian Energy Exchange (UEB), reported ExPro Consulting. The company offered a baseload for the first quart... #Electricity #ElectricityAuction #Naftogaz #UkraineEnergyExchange
Ukrgazvydobuvannya reduces gas production by 4.3%. In January-November 2021, the company which is a subsidiary of Naftogaz produced 12.49 bln cubic meters of natural gas, which is 4.32% less than in the same period last year. In November of this year,... #GasProduction #GasProductionUkraine #Naftogaz #Ukrgazvydobuvannya
Ukrtransnafta reduced oil transportation by 5.5%. In November 2021, the volume of oil transportation to oil refineries in Ukraine decreased by 1% to 223 thousand tons of oil, announced Naftogaz. The transit of oil by pipeline through the territory of... #GasTransotation #Naftogaz #Ukrtransnafta
Naftogaz has joined the European Alliance for Pure Hydrogen. In its co-operation with the institutions of the European Union with the European Commission, Naftogaz has joined the European Alliance of Pure Hydrogen, announced a press statement. Within this organ... #EUalliance #Naftogaz #PureHydrogen
Naftogaz earned UAH 2.5 billion in profit in the third quarter of 2021. The company’s results for the same period last year are characterized by losses of UAH 1.8 bln, the statement said. In January-June 2021, Naftogaz Ukraine suffered a net loss of UAH 1.65 bln ($6... #Naftogaz #NaftogazEarnings #NaftogazUkraine
Ukraine and Romania have provided Moldova enough gas to maintain pressure in its transmission network, announced the press service of Moldovatransgaz on Thursday. Without naming the amount of fuel borrowed, the company said that Ukraine has lent natural... #Naftogaz #UkraineGasExport #UkrainegasforMoldova
Naftogaz has won a tender to supply gas to Moldovan Energocom. Naftogaz won a tender for the supply of gas to Energocom. This agreement is for the supply of 500,000 cubic meters of gas until October 29, 2021. #EnergoCom #Naftogaz #NaftogazGasforMoldova
