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Naftogaz, Ukraine's state-owned gas company, is currently under investigation by NABU, concerning possible misconduct involving past and present management. These probes coincide with intensified Russian military operations targeting Ukraine's gas production facilities, which pose a significant threat to the nation’s energy security. The most recent assaults on infrastructure in the Poltava region have heightened concerns about potential gas shortages and subsequent tariff increases during the critical heating season. The attacks have already inflicted damage on Naftogaz's productive capacity, challenging Ukraine's ability to sustain energy supplies without resorting to imports that could escalate costs for consumers.

What has triggered the recent investigations into Naftogaz?

The National Anti-Corruption Bureau of Ukraine (NABU) is conducting investigations into Naftogaz over allegations of hiring inappropriate staff and other questionable practices, particularly involving former executives such as Oleksii Chernyshov.

How have Russian attacks affected Naftogaz's operations?

Recent Russian attacks have severely disrupted Naftogaz's operations, with critical damage inflicted on gas production facilities. This has compromised Ukraine's energy security, potentially leading to gas shortages and higher tariffs as the country may need to depend more on imports to meet demand.

What potential impacts do these developments have on Ukraine's energy sector?

The ongoing conflicts and investigations threaten to destabilize Ukraine's energy sector. Damage to infrastructure could precipitate energy shortages, escalate supply costs, and intensify the country's reliance on foreign energy imports, which may stress financial resources and affect consumer prices.

How does Naftogaz plan to address the damage caused by these attacks?

Naftogaz is collaborating with Ukrainian authorities to assess the damage and strategize effective recovery measures. Efforts include seeking investments in infrastructure repair and exploring alternative supply arrangements to ensure continuous energy provision during the ongoing conflict.

Are there any strategic changes planned for Naftogaz following these events?

Post-attack assessments may lead Naftogaz to implement strategic shifts focusing on enhancing security measures and diversification of supply chains. Emphasis is expected on securing international partnerships that can bolster resilience against future disruptions and reduce dependency on singular gas sources.

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News Naftogaz

Naftogaz wins appeal of Gazprom on execution of SCC Naftogaz wins appeal of Gazprom on execution of SCC's decision The Naftogaz of Ukraine national joint-stock company has won an appeal under the sue of the Russia's gas monopoly Gazprom on execution of the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC; Sweden). 9 170 70 Previously in trend: Gas War

Naftogaz insists on new gas transit contract in line with European rules in company Naftogaz insists on new gas transit contract in line with European rules in company's response to Gazprom NJSC Naftogaz Ukrainy insists on the need to sign a new gas transit contract meeting the European rules between Russia's Gazprom and the operator of the Ukrainian gas transmission system, Naftogaz Executive Officer Yurii Vitrenko has said. 13 560 77 Ukrainian Politics

Dropping claims against Gazprom economically unsound - Naftogaz Dropping claims against Gazprom economically unsound - Naftogaz Gazprom's proposal that Naftogaz Ukrainy drop the $3 billion claim it has already won against the Russian gas giant in Stockholm arbitration in exchange for a "discount" on gas purchases does not make economic sense. 8 673 76 Previously in trend: Gas War

Gazprom sends Naftogaz formal proposal on gas transit Gazprom sends Naftogaz formal proposal on gas transit Gazprom on Monday sent Naftogaz Ukrainy an official proposal endorsed by head Alexei Miller on the extension of the existing contract or conclusion of a new agreement on gas transit via the Ukrainian territory for a period of one year in light of forecast demand for gas by European consumers in 2020. 22 878 183 Previously in trend: Gas War

Ukraine will require long-term gas transit contract with Russia - Honcharuk Ukraine will require long-term gas transit contract with Russia - Honcharuk Negotiations on preserving gas transit are ongoing, but there is no clear date for signing the contract with Russia, Ukrainian Prime Minister Oleksii Honcharuk has said. 7 505 155 Previously in trend: Gas War

EU-Ukraine-Russia trilateral gas talks could resume late Oct – Šefčovič EU-Ukraine-Russia trilateral gas talks could resume late Oct – Šefčovič Vice-President for Energy Union Maroš Šefčovič has said that it was managed to establish positive, constructive working atmosphere during the EU-Ukraine-Russia trilateral gas talks in Brussels between the Russian and Ukraine economy ministers. 1 167 33 Previously in trend: Gas War

Courts of Netherlands, Luxembourg turn down Gazprom Courts of Netherlands, Luxembourg turn down Gazprom's appeals The Amsterdam Court of Appeal rejected on July 8 Gazprom's appeal regarding the court's jurisdiction and thereby confirmed its authority in the case over the recognition and enforcement of the decision of the Arbitration Institute of the Stockholm Chamber of Commerce in Dutch territory, NSC Naftogaz Ukrainy said in a statement. 6 228 19 Previously in trend: Gas War

Zelenskyi, Kobolyev discuss energy cooperation with US Zelenskyi, Kobolyev discuss energy cooperation with US Ukrainian President Volodymyr Zelenskyi and Naftohaz Ukrainy CEO Andrii Koboliev on May 20 met with the US delegation led by US Secretary of Energy Rick Perry. 3 136 10 Ukrainian Politics

Zelenskyi team calls on Naftogaz, Cabinet to conduct consultations with IMF to reduce gas prices for Ukraine Zelenskyi team calls on Naftogaz, Cabinet to conduct consultations with IMF to reduce gas prices for Ukraine The team of the winner of the presidential elections in Ukraine, Volodymyr Zelenskyi, has called on Naftogaz Ukrainy and the Cabinet of Ministers to hold consultations with the International Monetary Fund (IMF) in order to reduce gas prices for the population from May 1. 12 454 268 Previously in trend: Rates for housing services and utilities

Ukraine Government ready to extend contract with Naftohaz CEO Koboliev Ukraine Government ready to extend contract with Naftohaz CEO Koboliev The contract will be terminated if the Naftohaz senior management fails to meet the conditions put forward by the Government 5 915 171 Ukrainian Politics

Cabinet to announce tender for new Naftohaz CEO Cabinet to announce tender for new Naftohaz CEO The government has decided to launch a tender for the post of head of the board of Ukraine’s oil and gas company Naftohaz Ukrainy. The competition starts March 23, when the contract of current CEO Andrii Koboliev expires. 8 535 82 Ukrainian Politics

Ukrhazvydobuvannia failing to fulfill its latest gas production plan, - Hroisman Ukrhazvydobuvannia failing to fulfill its latest gas production plan, - Hroisman Ukraine Prime Minister Volodymyr Hroisman accuses Ukrhazvydobuvannia state company of failing to fulfill its plan for the development of Ukraine’s gas production industry until 2020. 8 533 79 Ukrainian Politics

Trilateral gas talks: Naftohaz to grant Gazprom no special terms Trilateral gas talks: Naftohaz to grant Gazprom no special terms Naftohaz does not expect any tangible results from the trilateral gas talks in Brussels today, but at the same time counts on the start of "real" negotiations. 7 232 97 Previously in trend: Gas War

New York-based court upholds Naftohaz New York-based court upholds Naftohaz's claims against Gazprom, general manager says The court in New York has upheld claims Naftohaz Ukrainy national joint-stock company against Russia's Gazprom gas monopoly. 12 112 90 Previously in trend: Naftohaz against Gazprom

Record high gas reserve in past four years amassed in Ukraine Record high gas reserve in past four years amassed in Ukraine's storsge facilities, - Naftohaz Ukraine accumulated 17.1 billion cubic meters of natural gas in its underground storage facilities as of Oct. 30, 2018. 7 573 116 Economics

Naftohaz levies $9M from Gazprom Naftohaz levies $9M from Gazprom's overpayments for gas transit as debt service coverage Ukraine's state-run Naftohaz gas and oil company has credited $9 million of overpayment for transit services through the territory of Ukraine by Gazprom (Russia) as payment of a penalty that has accumulated due to the Russian monopoly failing to implement the Stockholm arbitration award. 6 235 44 Previously in trend: Gas War

Reuters: Gazprom suspends external borrowing amid spat with Naftohaz Reuters: Gazprom suspends external borrowing amid spat with Naftohaz Deepening legal dispute with Ukraine’s Naftohaz over gas supplies forced Russia’s Gazprom to suspended its external borrowing program earlier this year. 22 402 94 Previously in trend: Naftohaz against Gazprom

No settlement agreement can be reached with Gazprom on existing Stockholm Arbitration rulings, Naftohaz CCO Vitrenko says No settlement agreement can be reached with Gazprom on existing Stockholm Arbitration rulings, Naftohaz CCO Vitrenko says Commercial Director of Naftohaz Ukrainy Yurii Vitrenko said that the amicable agreement between Ukraine’s oil and gas company and Russian Gazprom can be reached only on the lawsuits recently filed to the Stockholm tribunal providing that the Russian gas monopoly makes an extra-judicial payment of over $12 billion. 15 310 56 Previously in trend: Naftohaz against Gazprom

Gazprom’s appealing against Stockholm court ruling may take up to three years, Naftohaz CCO Vitrenko says Gazprom’s appealing against Stockholm court ruling may take up to three years, Naftohaz CCO Vitrenko says Appealing the decisions of the Stockholm arbitration court made as part of the dispute between Naftohaz Ukrainy and Russian Gazprom may take three years. 17 980 87 Previously in trend: Gas War

Naftohaz says British court greenlights freeze of Gazprom Naftohaz says British court greenlights freeze of Gazprom's UK-based assets Ukrainian state owned oil and gas company Naftohaz said on Tuesday a London court has granted its request to freeze the assets of Russia's Gazprom in the U.K. to enforce an earlier arbitration ruling from Sweden. 29 700 150 Previously in trend: Gas War

Gazprom’s Dutch assets attached to secure $2.6B settlement, - Naftohaz Gazprom’s Dutch assets attached to secure $2.6B settlement, - Naftohaz Last week, Naftohaz, Ukraine’s national oil and gas company, filed a petition for an attachment of Gazprom’s shares in its Dutch subsidiaries and any debts owed from these subsidiaries to Gazprom. These petitions were made to secure Naftohaz's right to payment of $2.6 billion by Gazprom pursuant to the arbitration award issued in February 2018. 43 470 224 Previously in trend: Gas War

Ukraine Ukraine's Poroshenko instructs Naftohaz CEO not to stop with assets in just three countries while recovering Gazprom debt Ukraine started recovering $2.6 billion debt from Gazprom through encumbrance of its assets in Switzerland, the United Kingdom and the Netherlands to enforce the judgment of the Arbitration Institute of the Stockholm Chamber of Commerce. 18 134 53 Previously in trend: Gas War

Naftohaz to seek seizure of Europe-based Gazprom assets, - Reuters Naftohaz to seek seizure of Europe-based Gazprom assets, - Reuters Deputy chief of Ukraine’s state-owned energy firm Naftohaz said Monday that the company will go to court to try to seize Gazprom’s assets in Europe after the Russian energy firm failed to make a payment ordered by an international tribunal. 17 205 55 Previously in trend: Gas War

Naftohaz says Gazprom reluctant to execute awards of Stockholm tribunal Naftohaz says Gazprom reluctant to execute awards of Stockholm tribunal Russia’s gas giant Gazprom refuses to abide by final and binding awards of the Arbitration Institute of the Stockholm Chamber of Commerce regarding gas supply to Ukraine and gas transit via the country 26 771 93 Previously in trend: Gas War

Germany urges Gazprom, Naftohaz to settle their dispute, - Reuters Germany urges Gazprom, Naftohaz to settle their dispute, - Reuters German government is concerned about decision of Russia’s Gazprom to cancel its gas supply contract with Ukraine’s Naftohaz and calls on the companies to settle their dispute. 40 331 222 Previously in trend: Gas War

FM Klimkin: “We’ve got legal tools to force Gazprom pay its debt” FM Klimkin: “We’ve got legal tools to force Gazprom pay its debt” Ukraine has legal mechanisms to make the Russian gas giant Gazprom comply with the ruling of the Stockholm Arbitration Tribunal to pay Naftohaz Ukrainy $2.56 billion. 24 942 77 Previously in trend: Gas War

Gazprom-Naftohaz situation raises concerns not only for direct supply of natural gas to Ukraine but possibly also for transit of gas to EU, - European Commission Gazprom-Naftohaz situation raises concerns not only for direct supply of natural gas to Ukraine but possibly also for transit of gas to EU, - European Commission The European Commission calls on Ukraine and Russia to find immediate solutions in line with the decisions of the Stockholm Arbitration Tribunal. 25 044 166 Previously in trend: Gas War

Gazprom CEO Miller says Russian gas giant starts terminating contracts with Naftohaz Gazprom CEO Miller says Russian gas giant starts terminating contracts with Naftohaz Gazprom has to immediately start the procedure for the termination of gas contracts with Naftohaz Ukrainy at the Stockholm Arbitration Institution. 96 516 495 Previously in trend: Gas War

Naftohaz urges Ukrainians to reduce gas consumption as much as possible over next 3-4 days Naftohaz urges Ukrainians to reduce gas consumption as much as possible over next 3-4 days Naftohaz Ukrainy NJSC calls on Ukrainians to reduce gas consumption as much as possible in the next 3-4 days. 136 005 702 Previously in trend: Gas War

“We shall seize Gazprom “We shall seize Gazprom's assets if it fails to abide by Stockholm arbitration rulings,” – NSDC Secretary Turchynov Naftohaz Ukrainy CEO Andrii Koboliev believes Russia is not going to comply with the ruling of the Stockholm arbitration court and is set to engineer an energy crisis in Ukraine by reducing the pressure in Ukraine’s gas transit system. 47 224 224 Ukrainian Politics

Tax service fines Naftohaz’s Koboliev jaw-dropping 8.3B hryvnia over refusal to pay for Russian gas illegally supplied to occupied Donbas. DOCUMENT (in Ukrainian) Tax service fines Naftohaz’s Koboliev jaw-dropping 8.3B hryvnia over refusal to pay for Russian gas illegally supplied to occupied Donbas. DOCUMENT (in Ukrainian) Ukraine’s State Fiscal Service served Naftohaz Ukrainy CEO Andrii Koboliev notices on two personal fines amounting to 7 billion and 1.3 billion hryvnia over Naftohaz's reluctance to document and pay for the natural gas Russia’s Gazprom supplied to the areas of the Donetsk and Luhansk regions which are temporarily occupied by the Russian Federation. 52 742 203 Previously in trend: Gas War

нафтогаз Naftohaz deems Gazprom's reluctance to supply gas to be contract breach, neglecting arbitration tribunal's award Naftohaz Ukrainy National joint-stock company considers the refusal of Russia's Gazprom to supply natural gas under the advance payment made by Ukraine as violation of the contract and neglecting the award of the Arbitration Institute of the Stockholm Chamber of Commerce. 39 097 182 Incidents

Gazprom says Naftohaz to receive no gas from March 1, returns prepayment Gazprom says Naftohaz to receive no gas from March 1, returns prepayment Russian Gazprom received advanced payment from Naftohaz Ukrainy for gas supplies in March but transferred the money back. 38 424 224 Previously in trend: Gas War

Russia Russia's Gazprom to pay Ukraine's Naftohaz $2.56B under Stockholm court ruling Naftohaz Ukrainy NJSC Wednesday won dispute with Russia's gas monopoly Gazprom at the Stockholm arbitration court. 91 937 466 Economics

Stockholm-based court to rule on Gazprom-Naftohaz dispute today, Sales Director Vitrenko says Stockholm-based court to rule on Gazprom-Naftohaz dispute today, Sales Director Vitrenko says Today's ruling of Stockholm arbitration court in gas transit dispute between Russian Gazprom and Naftohaz Ukrainy will determine Naftohaz’s future in terms of payments for gas supplies. 5 967 15 Previously in trend: Gas War

Despite severe frost, Ukraine’s storage facilities have sufficient gas for rest of heating season, - Naftohaz Despite severe frost, Ukraine’s storage facilities have sufficient gas for rest of heating season, - Naftohaz Naftohaz-Ukrainy NJSC says that in spite of severe weather conditions, there is enough gas in the underground storage facilities for the current heating season. 56 326 259 Society

Ukraine to resume Russian gas imports in 2018, - Naftohaz CEO Koboliev Ukraine to resume Russian gas imports in 2018, - Naftohaz CEO Koboliev Naftohaz intends to purchase about 4-5 billion cubic meters of Russian gas this year and will continue importing gas from Europe. 38 219 565 Economics

газ газа транзит газопровод труба газовая Ukraine’s budget received 24.9 billion hryvnia revenue from gas transit, - Naftohaz The revenue the Ukrainian budget have received from gas transit through the country’s gas transportation system (GTS) over 9 months of the current year amounts to 24.9 billion hryvnia (about $922.222 million). 18 598 173 Ukrainian Politics

газ газа транзит газопровод труба газовая Ukraine has not imported Russian gas in 703 days, - Ukrtranshaz Naftohaz Ukrainy has not imported natural gas under Gazprom contract for 703 days and has been buying the resources from the countries across the western border of the state. 22 109 222 Previously in trend: Gas War

газ газпром нафтогаз фирташ Naftohaz files $5B lawsuit against Russia over seizure of assets in occupied Crimea NJSC Naftohaz Ukrainy and its six subsidiaries Chornomornaftohaz, Ukrtranshaz, Likvo, Ukrhazvydobuvannia, Ukrtransnafta, and Haz Ukrainy have filed a lawsuit with the Permanent Court of Arbitration (The Hague) for damages caused by the illegal seizure of the group's assets in the Autonomous Republic of Crimea by the Russian Federation. 16 937 54 Ukrainian Politics

газ суд нафтогаз росукрэнерго Naftohaz independent directors Warwick, Richards resign over derailment of reforms According to Paul Warwick and Marcus Richards, Naftohaz Independent Supervisory Board members, political interference in the work of Ukraine's major gas and oil operator has become common and keeps growing. 27 309 97 Ukrainian Politics

янукович Prosecutor's Office of Kyiv region prevented payment of 320 million to company owned by son of Yanukovych, - Lutsenko Prosecutor General of Ukraine Yurii Lutsenko said the Prosecutor's Office has prevented payment of 320 million hryvnia ($12.4 million) to a company belonging to Oleksandr Yanukovych, son of fugitive president Viktor Yanukovych. 17 398 20 Previously in trend: Yanukovych Family

газпром If Gazprom fails to abide by Stockholm Arbitration ruling, it will lose foreign assets, - Naftohaz Russian gas monopolist Gazprom will be forced to abide by the Stockholm Arbitration ruling, otherwise it will lose its foreign assets, including gas delivered to Europe. 61 163 130 Previously in trend: Gas War

коболев Stockholm arbitration court said Russia's gas price for Ukraine was not "brotherly," - Naftohaz head Koboliev The court's ruling in the ligation between Ukraine's Naftohaz and Russia's Gazprom (major gas companies of the two countries) has proven that the gas price for Ukraine was not the lowest. 37 055 77 Previously in trend: Gas War

нафтогаз Naftohaz celebrates victory over Gazprom in Stockholm An arbitration tribunal in Stockholm dismissed a $34.5 billion claim from Russian state gas giant Gazprom over the terms of a disputed gas contract. 113 125 392 Previously in trend: Naftohaz against Gazprom

US dead set against Nord Stream-II gas pipeline construction Naftohaz CEO Andrii Koboliev met with U.S. Secretary of Energy Rick Perry to discuss construction of Nord Stream-II gas pipeline. 29 229 164 Incidents

перелома Person of interest in 'Martynenko case,' Pereloma bailed out by Ukrainian MPs First Deputy Chairman of Naftohaz executive board Serhii Pereloma, person of interest in the 'Martynenko case', was bailed out by Ukrainian MPs. 24 254 182 Previously in trend: Martynenko case trial

нафтогаз Ukraine marks 500 days without Russian gas, - Naftohaz The decision to stop the purchase of gas from Russia was made in November 2015. 18 601 235 Economics