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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

Court extends custody for Naftohaz ex-deputy CEO Katsuba until March 17 Court has extended the arrest of former deputy CEO of Naftohaz Ukrainy NJSC Oleksandr Katsuba until March 17 with bail established at 450 million hryvnia ($15.732 million). 2 793 9 Incidents

газ газпром нафтогаз Gazprom may plot provocations over expected gas shortage caused by severe cold spell in Russia, - Naftohaz Naftohaz of Ukraine says there is high probability of provocations on the part of Gazprom in connection with severe frosts in Russia. 160 909 555 Incidents

коболев Ukraine needs European company for GTS to keep transit, - Koboliev In order to preserve its status of transit country, Ukraine should hire a European company to manage its gas transportation system. 39 119 183 Previously in trend: Gas War

нафтогаз Naftohaz signs $500M worth loan agreement with Citibank, Deutsche Bank On Dec. 30, 2016, Naftohaz of Ukraine NJSC signed a euro-denominated revolving credit facility for gas purchase in the equivalent of $500 million with Citibank and Deutsche Bank. 16 736 99 Economics

Odesa Port Plant announces temporary halt to work Odessa Port Plant JSC has decided to suspend its production. 11 928 55 Economics

луценко Lutsenko confirms Yuriev’s suicide: "We heard gunshot as we were breaking into house" Prosecutor General of Ukraine Yurii Lutsenko confirmed that Naftohaz Ukrainy's ex-Deputy Head Hennadii Yuriev committed suicide in the Vinnytsia region during the raid conducted as part of the investigation into Chornomornaftohaz. 90 118 102 Incidents

Former Naftohaz official's suicide linked to Boiko rigs affair, - PGO spokesman Prosecutor General spokesperson Larysa Sarhan has unveiled some details of the suicide of the former Naftohaz executive. 27 267 63 Previously in trend: Boyko Platforms

ружье Man shoots himself dead during apprehension; he might be former Naftohaz Ukrainy deputy head Yuriev A man who might be identified as former deputy head of Naftohaz Ukrainy during Yanukovych's tenure, defendant in the Katsuba brothers case Hennadii Yuriev shot himself dead during apprehension on Dec. 21. 144 864 247 Incidents

Gazprom's threats to cut off gas to EU indicate Russia plots another gas crisis, - Naftohaz Naftohaz Ukrainy PJSC sees a statement by Russia's state-owned gas producer Gazprom on possible halt in gas supplies to European consumers as a preparation for another gas crisis. 83 444 135 Ukrainian Politics

порошенко "I expect Ukraine to win in Stockholm arbitration in March," - Poroshenko on dispute between Naftohaz and Gazprom The chances of winning the suit are high. 27 322 188 Ukrainian Politics

Ukraine guarantees transit of Russian gas to Europe regardless of winter package, - Naftohaz National joint-stock company "Naftohaz Ukrainy" pledges to continue the smooth and sustainable transit of Russian natural gas to Europe. 6 928 39 Ukrainian Politics

газ газодобыча Russia spent $5B trying to block gas reversal to Ukraine, - Naftohaz official Russian Gazprom attempted blocking import of European gas to Ukraine and spent $5 billion on facilitating these attempts, Russian media report. 97 797 216 Previously in trend: Gas War

розенко "Rich will pay full, market gas price," – Vice Prime Minister Rozenko The state will not supply enterprises owned by the oligarchs with gas at a reduced price. 50 966 208 Economics

World Bank approves $500 million loan to Naftohaz, - Minister Danyliuk The World Bank's Board of Directors has decided to grant Ukraine's major gas operator Naftohaz $500 million in loan guarantees necessary for the purchase of natural gas for the 2016-2017 heating season. 9 593 81 Ukrainian Politics

газ Naftohaz publishes statistics of reduction in Russian gas imports during Ukraine's independence Major state-owned company Naftohaz Ukrainy (Oil and Gas of Ukraine) congratulated the Ukrainians on Independence Day by publishing the statistics of reduction in Russian gas purchase during the last 25 years. 162 059 609 Ukrainian Politics

пасишник Pasishnyk released on personal recognizance The court released Ukrtransnafta's First Deputy Director General Andrii Pasishnyk on personal recognizance. 12 302 83 Previously in trend: Abromavicius-Kononenko scandal

Ukraine hopes for renewal of gas talks with Russia, - Naftohaz's Koboliev Ukraine hopes for renewal of trilateral talks of Ukraine, Russia and the European Commission on possible supplies of natural gas for Ukraine from the Russian Federation. 34 958 194 Ukrainian Politics

коболев Gas tariffs can only be reduced after global gas price drop, Naftohaz Head Koboliev says The gas tariffs in Ukraine can only be lowered if the gas price on the free market scales down. 31 892 304 Previously in trend: Rates for housing services and utilities

Additional 160 billion hryvnia required to keep utility rates at present level, Social Policy Minister says An additional 160 billion hryvnia (about $6.4 billion) would be required from the state budget to keep the rates of utility services at the current level. 11 277 119 Previously in trend: Hroisman's Cabinet

дейдей грищук MP Deidei confronts ATO veteran, Donetsk airport defender, Special Anti-Corruption Prosecutor’s Office First Deputy Head Maksym Hryshchuk. VIDEO People’s Front faction MP Yevhen Deidei and his supporters got in a heated argument with Deputy Heads of the Specialized Anti-Corruption Prosecutor's Office Maksym Hryshchuk and Volodymyr Kryvenko after the court hearing on the pre-trial restriction against Naftohaz NJSC Deputy CEO, Chairman of the Supervisory Board of the Odesa Port Plant Serii Pereloma. 170 960 424 Previously in trend: Fighting corruption in Ukraine

перелома Naftohaz deputy CEO Pereloma placed on remand, 80 million hryvnia bail being alternative The Solomianskyi district court of Kyiv has arrested Odesa Port Plant supervisory board chairman Serhii Pereloma, suspected of embezzling the company's funds. 22 586 145 Ukrainian Politics

Naftohaz confirms its First Deputy Chairman Pereloma’s detention: case not connected to his work in company Naftohaz Ukrainy NJSC has confirmed information about today’s detention of Deputy Chairman of the Board Serhii Pereloma. 7 901 8 Incidents

гройсман "This is betrayal of national interests," - Hroisman on 2009 gas contract with Russia Back in 2009, Yuliia Tymoshenko signed gas contracts in which Ukraine's interests were not top priority. 115 726 618 Economics

газ Ukraine not to buy gas from Gazprom for $177 per 1,000 cubic meters, - Naftohaz The national gas operator Naftohaz Ukrainy is not going to buy gas from Russia's Gazprom at the price of $177 per 1,000 cubic meters as it is higher than that in the market. 112 705 456 Ukrainian Politics

газ гтс Ukraine requests Gazprom to resume gas supplies from Russia instead of reverse ones from Europe, - Gazprom Naftohaz of Ukraine filed a request to Gazprom to resume gas supplies from Russia to Ukraine starting from the second half of 2016. 103 751 288 Ukrainian Politics

Ukraine to purchase gas from Russia if price is lower than that offered by European countries, Naftohaz head says Chairman of the board of Naftohaz NJSC Andrii Koboliev says that the company continues holding talks with Russian Gazprom on the terms of the natural gas supplies to Ukraine and is willing to resume its purchase in Q3 at a price lower than Europe’s one. 39 101 226 Oddities

Ukraine has bought no gas from Russia for more than five months, - Deputy Economy Minister Kovaliv Ukraine has not purchased natural gas from Russia's gas monopolist Gazprom for more than five months now as it is more profitable for the country to import the fuel from Europe. 17 334 114 Economics

газпром gazprom Gazprom increases amount of claim to Naftohaz for gas supplies in temporarily occupied territory of Donbas by $700 million The litigation between Russian Gazprom and Naftohaz of Ukraine in the Arbitration Institute of the Stockholm Chamber of Commerce regarding the contract terms will not be completed this June but will last for about six months more. 32 974 189 Economics

First Deputy Economy Minister Kovaliv to chair Naftohaz Supervisory Board First Deputy Minister of Economic Development and Trade of Ukraine Yuliia Kovaliv has been elected head of the Naftohaz Ukrainy Supervisory Board. 5 547 49 Ukrainian Politics

Ukraine's lower dependence on Russian gas is crucial change for Ukraine and Europe's security, - Wall Street Journal The cut of Ukraine's Naftohaz company’s dependence on gas from Russia’s PAO Gazprom is a change crucial for Ukraine’s security, as well for Europe’s. 4 424 37 Economics

газ газпром нафтогаз фирташ Ukraine may get $50 billion from Gazprom by arbitration's ruling, - Naftohaz Ukraine may get $50 billion from Russia's Gazprom after the lawsuit of Naftohaz is granted by court. 79 164 294 Ukrainian Politics

коболев koboliev Naftohaz files claims against Russia regarding its assets in occupied Crimea, - company's CEO Koboliev Naftohaz Head Andrii Koboliev expects this trial to take more time and be much more difficult than the litigation against Gazprom in the Stockholm Court of Arbitration. 14 641 42 Ukrainian Politics

ващук роман If Ukraine was making blockbuster about superheroes, they would be judges and prosecutors: be kind of buried and resurrect, - Canadian Ambassador on fight with corruption Canadian Ambassador in Ukraine Roman Waschuk announced decrease of corruption level in the NJSC Naftohaz Ukrainy. However, general positive changes in the corruption sphere are practically invisible. 18 757 54 Previously in trend: Fighting corruption in Ukraine

It should cost around $160-170, - Minister Demchyshyn voiced fair price for Russian gas Ukraine is ready to buy gas from Russia at $160-170 per 1,000 cubic meters. 21 234 179 Previously in trend: Gas War

газпром Gazprom so far ignores Ukraine's new transit tariffs, - Naftohaz Russian monopolist Gazprom has so far refused to pay for gas transit through the territory of Ukraine at the new, increased rates. 83 287 445 Economics

газ Naftohaz has no plans to buy gas from Gazprom, - company's CEO Koboliev The largest Ukrainian state energy holding Naftohaz Ukrainy after a three-month break has no plans to resume the purchase of natural gas from Gazprom. 16 403 96 Previously in trend: Gas War

газпром Anti-Monopoly Committee of Ukraine fines Gazprom $86 billion, gives two months for settlement The Anti-Monopoly Committee of Ukraine (AMCU) says its $86 billion claim against Gazprom is due to Russian gas monopolist's failure to observe the conditions of the 2009 contract on the transit of gas through Ukraine's territory. 35 702 134 Economics

Gazprom intends to continue gas supplies to Ukraine, despite Kyiv's halt in purchases, - Bloomberg Even after Ukraine halted natural gas purchases from Russia in November, Gazprom plans to resume and maintain exports to its eastern neighbor for at least three more years. 20 120 98 Economics

Ukraine to survive winter without Russian gas purchases for the first time in its history, - Yatseniuk Ukraine plans to end current heating season without extra purchases of Russian gas. 7 267 78 Economics

Pasishnyk suspended from office pending NABU's probe into Abromavicius allegations National oil and gas company Naftohaz Ukrainy has suspended its executive director Andrii Pasishnyk from office pending the end of investigation by the National Anti-Corruption Bureau into the accusations by Minister of Economic Development and Trade Aivaras Abromavicius about possible abuse of power by Verkhovna Rada deputy Ihor Kononenko (Poroshenko Bloc faction), in particular, in lobbying the appointment of Pasishnyk as deputy minister of economic development and trade. 7 441 36 Previously in trend: Abromavicius-Kononenko scandal

пасишник "All these proofs are worthless," Pasishnyk on correspondence with Abromavicius Naftohaz Ukrainy Executive Director Andrii Pasishnyk has commented on the released correspondence with Minister of Economic Development and Trade Aivaras Abromavicius. According to him, this dialogue did not relate to his appointment and was nothing more than a friendly chat. 54 921 112 Previously in trend: Abromavicius-Kononenko scandal

Ukraine increased gas imports from European Union twice in 2015 – Naftogaz The gas imports from the European market to Ukraine more than doubled from 5 to 10.3 billion cubic meters in 2015. The number of international vendors of natural gas exceeded 10 companies. 7 232 114 Economics

газ газпром евросоюз Ukraine buys all gas from Europe, says no sense to change tactics, - Naftohaz CEO Koboliev Europe's lower prices for natural gas and its sufficient stocks in Ukrainian gas storage facilities allow Ukraine to do without Russian gas in the near future. 14 322 98 Economics

нафтогаз Arbitration court to determine eligibility of Gazprom claims, - Naftohaz Naftohaz of Ukraine considers the "take or pay" provision to be not market based, invalid and inapplicable as set out in the gas supply contract with the Russian Gazprom. 24 694 88 Economics

газпром Gazprom demands $2.5 billion from Naftohaz for unused gas On Tuesday, Russia's Gazprom issued a bill to Naftohaz Ukrainy, demanding to pay for the gas unused by the Ukrainian company in Q3 2015 under the take-or-pay condition. 127 731 624 Previously in trend: Gas War

газ Russian PM Medvedev approves discounted gas price for Ukraine in Q1 of $179 per TCM Russian Prime Minister Dmitry Medvedev has signed the decree regulating gas price for deliveries to Ukraine in the first quarter of 2016. 97 316 428 Previously in trend: Gas War

нафтогаз naftohaz naftogaz Naftohaz offers Gazprom to hold talks in connection with adoption of new pricing rules for gas transit Naftohaz of Ukraine National Joint Stock Company proposed the Russian Gazprom to carry out negotiations in connection with the adoption of new pricing rules on gas transportation services in Ukraine by the National Commission for State Regulation of Energy and Public Utilities. 31 320 160 Ukrainian Politics

нафтогаз Ukraine steeply raised gas transit tariff for Gazprom Ukraine has enhanced the rate of gas transit for Russian gas monopolist Gazprom. 140 001 648 Economics