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
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
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
Naftogaz might cooperate with Polish PGNiG in Western Ukraine. Naftogaz Ukrainy sees potential in collaborating with the Polish state oil and gas company PGNiG in Western Ukraine, said Naftogaz CEO Yuri Vitrenko. During the meeting, “Opportunities for coop... #NaftogazUkraine #PGNIG #PolishPGnIG #YuriVItrenko
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 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 ($6... #Naftogaz #NaftogazEarnings #NaftogazUkraine
Naftogaz will participate in the certification of Nord Stream-2. The German energy regulator BNetzA has allowed Naftogaz Ukraine to take part in the certification of the Nord Stream-2 gas pipeline operator. This was announced by the CEO, Yuri Vitrenko. “The regulat... #NaftogazParticipationinCertification #NaftogazUkraine #nordstream2 #NordStream2Certification
Naftogaz will hire 20 top managers. Naftogaz has announced a tender for the services of recruitment agencies to find staff to select 20 candidates for senior management positions, the expected cost is UAH 46.92 mln ($ 1.79 mln). Tender ... #NaftogazHiresManagers #NaftogaztopManagement #NaftogazUkraine
Ukraine has enough gas in storage facilities for this winter , said the CEO of Naftogaz, Yuriy Vitrenko. Currently, there are almost 19 bln cubic meters of gas in storage. As of today, 10-15% of these volumes belong to non-residents, however, it can be sold her... #GasStorageVolume #Naftogaz #NaftogazUkraine
Ukrtransgaz received a grant from the European Commission to study the storage of gas-hydrogen mixtures in storage facilities, announced the Director for Integrated Communications of NJSC Naftogaz, Maxim Belyavsky. According to Belyavsky, Naftogaz is now sel... #GrantforNaftogaz #NaftogazUkraine #UkrtransGas
Cabinet appoints a new board of Naftogaz. The Cabinet of Ministers has elected Mauritius Kalugin, an adviser to the Chairman of the Board on gas production, to the Naftogaz’s board. Other new members of the board include Vladislav Volov... #NaftogazBoard #NaftogazManagement #NaftogazUkraine #NaftogazVitrenko
Naftogaz CEO on the best guarantees for prolonging gas transit through Ukraine. According to Yuriy Vitrenko, “The best guarantee contracts with European companies.” He said that that negotiations on this issue organized by Germany will be held soon. He expl... #NaftogazCEO #NaftogazCOntracts #NaftogazUkraine
Vitrenko reiterates key principle: European companies under current contracts must be able to change gas transmission points and book capacity independently to receive gas at the Ukraine-Russia border. Gazprom, if it wants to supply an... #Gastransmission #NaftogazUkraine #Ukrainegastransit
Naftogaz’s CEO emphasizes Ukraine’s openness to supporting the involvement of international partners in the gas transmission system operator. “We are ready to explore a consortium with European companies or American companies which would take on the role of operator. This is an idea that is attractive enough for Ukraine as well as pot... #energyukraine #NaftogazUkraine #Vitrenko
The Naftogaz CEO is confident Nord Stream 2 will not become operational for some time. Despite its technical readiness, the pipeline will not be able to operate commercially until certification procedures are met, Yuriy Vitrenko, Naftogaz of Ukraine’s CEO, believes. He is convinced that... #Naftogaz #NaftogazUkraine #nordstream2 #RussianGasPipeline
Naftogaz needs $20 billion in investment over this decade to develop gas fields in the Black Sea and deep gas fields on land, Ukraine’s state oil and gas company reports. Naftogaz production has been slowly declining hitting 14 billion cubic meters last year. During the first half of this year, Naftogaz production unit, UGV,... #GasProductionUkraine #Naftogazproduction #NaftogazUkraine
Naftogaz now has 17 billion cubic meters of gas in storage, the legal minimum for the start of the heating season , Naftogaz reported yesterday. With gas prices high, Ukraine’s 11 underground gas storage facilities are only 55% full. Last year, when gas prices were far lower, storage peaked at 92% of capacity. #NaftogazgasStorage #NaftogazUkraine #Ukrainegasstorage
Vitrenko blamed “the desire of management to talk about profits and show a supposedly good result in order to get a bonus as soon as possible, and postpone the reflection of losses until later.” He also says Naftogaz’ failed production program of the last three years has forced the oil and gas company to pay $2 billion to buy gas this summer... #NaftogazCEOVitrenko #NaftogazLosses #NaftogazUkraine
Major investments in energy efficiency for factories and apartment buildings could reduce by half Ukraine’s gas consumption during the 2020s, said Vitaliy Shcherbenko, Naftogaz Director of Energy Efficiency, tells Den news site. This reduction could eliminate Ukraine’s need to import 10 bcm of gas every year, he says. Investments are needed... #Energyefficiency #NaftogazUkraine
Concorde Capital’s Alexander Paraschiy writes: “There is no political will in Ukraine to dismiss Vitrenko. As such, the board seems to be making another step to find common ground with Vitrenko. So far, the conflict between the CEO and the head of... #NaftogazCEO #NaftogazUkraine #VItrenkoNaftogaz
Concorde Capital’s Alexander Paraschiy writes: “This development illustrates a strong political will to retain Vitrenko as Naftogaz CEO. That allows us to expect a Naftogaz Supervisory Board meeting to consider Vitrenko’s dismissal will not take p... #NaftogazCEODrama #NaftogazScandal #NaftogazUkraine
Vitrenko accused the anti-corruption body of “selective justice,” saying that Ukraine’s Cabinet controls Naftogaz, not the Energy Ministry. In a Naftogaz press release, he said that as acting Energy Minister for four months this year, he did not have the right to vo... #NaftogazControlscheme #NaftogazUkraine #WhocontrolsNaftogaz
If Russia continues to block transit gas, Vitrenko said he would appeal to EU competition authorities and take Gazprom to international arbitration. In 2018, the Stockholm Arbitration Tribunal ruled in favor of Naftogaz in a dispute with Gazp... #NaftogazandRUssia #NaftogazUkraine #RussiaBlocksGasTransit
Yuriy Vitrenko, the new CEO of Naftogaz, says he welcomes foreign investors into Ukraine’s oil and gas sector. From now on, Ukraine’s state-owned oil and gas company will not “crowd out” foreign energy companies, he promised during a US-Ukraine Business Council webinar yesterday. Speaking from Washington, Vitr... #NaftogazCEOfriendlywithInvestors #NaftogazUkraine #VItrenkoWelcomesInvestors
Naftogaz CEO Yuriy Vitrenko met yesterday in Washington with key US Congress members to argue for sanctions to block the opening of the Russia-Germany Nord Stream 2 gas pipeline . Separately, US Secretary of State Antony Blinken told the House Foreign Affairs Committee Monday that the Administration is talking to Germany about reimbursing Ukraine for lost transit fees and abo... #NaftogazUkraine #VIntrenkoMeetsUScongressMembers #VitrenkoinWashington
Yulia Svyridenko, Deputy Presidential Chief of staff, has been chosen by the Cabinet of Ministers to represent the government on the Naftogaz Supervisory Board. She succeeds Robert Bensh, a Houston oil and gas executive. At the same Cabinet session, thre... #NaftogazSupervisoryBoard #NaftogazUkraine
At the same time, Olena Zerkal, advisor to the board chair of Naftogaz, has resigned , NV has reported. A former deputy foreign minister, Zerkal was appointed 18 months ago to succeed Vitrenko in pursuing legal suits against Russia. Late last month, Vitrenko returned to Naftogaz, sign... #NaftogazAdvisorBoard #NaftogazUkraine #NaftrgazCEO
Willem Coppoolse, has resigned after one year as head of the Naftogaz Trading division and CEO of Naftogaz Trading Gas Supply Company, the state oil and gas company reports. Naftogaz group chief operating officer Otto Waterlander will be acting head of the Trading division. Iryna Zhurav... #NaftogazTradingDivision #NaftogazUkraine #WillemCoppoolseNaftogaz
The Black Sea seismic program is to start this summer and the 4-member Executive Board is to remain in place through the end of this year , according to a copy of the ‘Joint Roadmap’ obtained by the UBN. At yesterday’s Cabinet meeting Prime Minister Shmygal wrote on Telegram that the government would start an independent search process ... #BlackSeaseismicprogram #NaftogazAdvisoryBoard #NaftogazUkraine
Critics target what they see as Ukraine’s faltering commitment to running state companies on corporate lines .“Dismissal of Naftogaz CEO raises doubts over Ukraine’s corporate governance reforms,” headlines an Atlantic Council blog by Aura Sabadus, a regional expert on the energy industry. #CEOofNaftogaz #NaftogazUkraine
Dragon Capital wrote in a note: “This breach of corporate-governance standards is likely to create a new point of tensions with international financial institutions and Ukraine’s other Western partners…Naftogaz is set to experience ... #CEOnaftogaz #NaftogazUkraine
Firing by the Cabinet “contradicts the requirements of Ukrainian law, ” reads a letter signed yesterday by members of the Naftogaz Supervisory Board. Noting that the Board has power over personnel decisions, the letter charges that the Cabinet’s move “seriously jeopardi... #CEOnaftogaz #NaftogazUkraine
Naftogaz veered from a $93 million profit in 2019 to a $685 million loss in 2020 , the state oil and gas company reported. Naftogaz CEO Andriy Kobolev said the company turned a net profit during the first quarter of this year. “The company bottomed out and started generating profi... #Kobolev #Naftogaz #NaftogazUkraine #StateGasCompany
