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Naftogaz of Ukraine is increasingly facing challenges as the conflict with Russia continues. Recently, Russian troops attacked gas workers in the Sumy region and targeted Naftogaz facilities, causing significant damage. Additionally, political and legal incidents are under scrutiny, such as the hiring of staff during Oleksii Chernyshov's leadership and the ongoing NABU investigations. In a move to regain control of financial assets, Naftogaz, in collaboration with NABU, aims to recover UAH 1.6 billion. President Zelenskyy has discussed strategies with Naftogaz CEO Serhii Koretskyi to hold Gazprom accountable. Despite these adversities, Naftogaz is preparing measures to ensure stability in the energy sector.

What challenges is Naftogaz currently facing in Ukraine?

Naftogaz is confronting numerous challenges, including repeated attacks on its facilities by Russian forces, which have caused significant damage. Moreover, the company's operations are under scrutiny due to allegations regarding the hiring of security and domestic staff and the ongoing legal battle to recover financial assets from Gazprom. High-level discussions and strategic planning are underway to navigate these complex issues, ensuring a stable energy sector in Ukraine.

How has the conflict with Russia affected Naftogaz operations?

The ongoing conflict has severely impacted Naftogaz operations, with facilities suffering repeated attacks from Russian forces. These assaults have disrupted gas production and infrastructure stability, forming part of the broader economic strain from geopolitical tensions. Naftogaz is actively working to mitigate these impacts and recover operational control and financial assets amidst these hostilities.

What measures is Naftogaz taking to recover financial assets?

Naftogaz is engaged in legal processes to recover significant financial assets, particularly seeking to retrieve UAH 1.6 billion, in coordination with the National Anti-Corruption Bureau of Ukraine. The company is also engaged in international arbitration to address losses and enforce rulings against Gazprom, aiming for financial stabilization and accountability amidst ongoing disputes with Russian entities.

How does Naftogaz plan to handle its legal issues with Gazprom?

Naftogaz is pursuing legal avenues to resolve disputes with Gazprom, focusing on enforcing arbitration decisions to reclaim financial damages and uphold operational contracts. The company remains committed to ensuring Gazprom's compliance with international norms and is preparing concrete measures to hold the Russian company accountable. Strategic talks with Ukrainian leadership are ongoing to align national interests with legal proceedings.

How significant is the damage to Naftogaz facilities due to attacks?

The attacks on Naftogaz facilities have been significant, targeting vital infrastructure across various regions, including the recent strikes in the Sumy and Poltava regions. These assaults not only disrupt daily operations but also have a broader impact on Ukraine's energy security. Naftogaz is working diligently to assess and repair the damage to maintain steady energy supply amidst adversity.

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News Naftogaz

коболев Ukraine to buy gas in Europe, - Naftohaz head Ukraine will buy gas from Europe. 30 193 146 Economics

Ukraine to receive Russian gas only for further transit to Europe, - Naftohaz Naftohaz of Ukraine plans to pump out the remaining prepaid Russian gas to supply Ukrainian consumers and later provide primarily fuel transit through Ukraine for the European consumers. 13 529 92 Economics

газпром Gazprom stops gas supplies to Ukraine Russia's Gazprom suspends gas supplies to Naftohaz Ukrainy unless new payments are received. 154 690 310 Economics

коболев Koboliev: "Ukraine capable of providing itself with gas this, following, and any other winter" Ukraine will be able to provide itself with necessary volume of natural gas this winter from Europe, should Russia decide to cut off the supply of fuel. 66 452 384 Ukrainian Politics

Gazprom to cut off gas supplies to Ukraine in two days if no payment received, - Miller Despite small amounts of gas currently received by Ukraine, the prepayment will cover several days of deliveries only. 49 222 367 Economics

20 largest state companies to be audited: "They remain wet-nurse and foundation of corruption," PM says Ukraine's Prime Minister Arsenii Yatseniuk has instructed to conduct an audit of financial and economic activities of the 20 largest state-owned companies. 8 391 40 Previously in trend: Fighting corruption in Ukraine

Naftohaz pays another $24 mln while Gazprom fears sum is enough for only five days Naftohaz Ukrainy has remitted another $24 mln of advance payment for gas supplies to Russia's Gazprom. 47 646 303 Economics

American lawyers to help Naftohaz reclaim its assets in Crimea, - company's CEO Koboliev Naftohaz Ukrainy [state-owned oil and gas company - ed.] wants to hire an American law firm to file a separate lawsuit to the International Court of Arbitration with regard to its assets in the annexed Crimea. 10 556 101 Ukrainian Politics

газ Ukraine will not pump more gas into storage this year, - Naftohaz head Koboliev Ukraine does not intend to pump gas into its underground gas storage in 2015. 65 093 351 Previously in trend: Gas War

газ Ukraine could do without Russian gas in 2106, - Naftohaz CEO Koboliev In 2016, Ukraine will be able to do without Russian gas. If necessary, the required volume could be reversed from Europe. 65 528 474 Previously in trend: Gas War

Ukraine uses up paid Russian gas on Saturday while further import depends on cost, - Naftohaz CEO Koboliev Following the tripartite deal struck in Brussels, Ukraine finishes Oct. 31 purchasing 2 bln cubic meters of natural gas at the price of $227 per thousand cubic meters from Russia's Gazprom while further import depends on its price. 12 405 113 Previously in trend: Gas War

Gazprom asked Ukraine to buy Russian gas for the first time in its independence, - Poroshenko For the first time in 24 years of its sovereignty, Ukraine has finally managed to get rid of the dependence on Russian gas. 86 033 477 Economics

Russia expects Ukraine to halt reverse flow of gas Russia's Ministry of Energy expects Ukraine will not buy reversed gas in the coming fall-winter period. 41 528 425 Previously in trend: Gas War

Gazprom plans to start gas supplies to Ukraine Oct. 12 Russian Gazprom gas monopoly plans to start delivering natural gas in Ukraine Oct. 12 at 10 a.m. 13 884 143 Ukrainian Politics

кацуба Yanukovych treasurers Katsuba brothers put on wanted list having fled from Ukraine The Interior Ministry put ex-Deputy Chairmen of the Naftogaz of Ukraine National Joint Stock Company Serhii Katsuba and his brother Oleksandr on wanted list. 45 445 84 Ukrainian Politics

Naftohaz received $500 mln from EU for purchase of Russian gas National Joint Stock Company Naftohaz of Ukraine has received $500 million to its bank account, planning to use the money for the purchase of natural gas from Russia during the heating season. 12 329 120 Economics

бензин топливо фальсифмкат Terms of "winter package" agreed by Ukrainian, Russian, and European sides At the meeting on Friday, Volodymyr Demchyshyn, Minister of Energy and Coal Industry of Ukraine, Alexander Novak, the Russian Energy Minister, and Maroš Šefčovič, Vice-President of the European Commission, have discussed and agreed all substantial commitments of the governments of Russia and Ukraine, as well as the European Commission which are to be included in the Binding Protocol within the framework of the new gas supply "winter package." 12 223 138 Previously in trend: Gas War

яценюк Ukraine demands that Russia return $16 billion for overpaid and short-received gas, - Yatseniuk Prime Minister of Ukraine Arsenii Yatseniuk said that Russia's claims filed to the Arbitration Institute of the Stockholm Chamber of Commerce to recover $27 billion from Naftohaz Ukrainy are groundless. 64 906 213 Previously in trend: Gas War

газпром Gazprom to provide discount to Ukraine and abandon "take-or-pay" principle On Wednesday, Sept. 16, Russian monopolist Gazprom CEO Alexey Miller and Naftohaz Ukrainy CEO Andrii Koboliev held talks in Vienna. 21 794 107 Economics

газ российский Russia ready to offer gas discount to Ukraine in Q4, - Russian Energy Minister Russia will be ready to provide Ukraine with a discount on gas bought for Q4, the price will be leveled with quotes for Ukraine's neighboring countries, like Poland. 67 824 438 Economics

Naftohaz audit results to be revealed by Sept. 30, - Cabinet The Cabinet of Ministers of Ukraine intends to publish results of an independent audit of bills receivable of the National Joint Stock Company "Nafrohaz Ukrainy" by Sept. 30. 1 516 26 Economics

газ суд нафтогаз росукрэнерго Naftohaz to stop bying gas from Russian Gazprom effective July 1 As the additional agreement between the National Oil and Gas Company Naftohaz Ukrainy and Open Joint Stock Company Gazprom expires on June 30, 2015 with no other supply terms agreed today during trilateral talks in Vienna, Naftohaz stops purchasing gas from the Russian monopolist on July 1. 160 794 987 Previously in trend: Gas War

газ газпром нафтогаз фирташ Yatseniuk: Total amount of Ukraine's claims against Gazprom exceeds $16 billion The total amount of claims of Naftohaz to Gazprom under the contracts on gas purchase and transit has already exceeded $16 billion. 47 579 526 Previously in trend: Gas War

газ суд нафтогаз росукрэнерго Gazprom claims that Naftogaz owes $174.2 million for supply of gas to the terrorists-occupied territory Russian gas monopoly Gazprom declares that National Joint Stock Company Naftogaz of Ukraine has run into debt for $174.2 million as of April 21 for gas supplies to the territories of the Donetsk and Luhansk regions uncontrolled by Ukraine’s government, and considers it necessary to conclude a separate direct contract for the supply of gas in this region. 66 305 465 Previously in trend: Gas War Occupied territories - Crimea and Donbas

яресько The only way out of major economic problems is through fundamental reforms, Jaresko says Head of the Ukrainian Ministry of Finance Natalie Jaresko told about factors that caused the economic crisis in Ukraine. 70 934 556 World

нафтогаз SBU and PGO conduct investigations in Naftohaz office - Lubkivskyi The Security Service of Ukraine and the Prosecutor General's Office conduct investigations in one of the offices of the Naftohaz Ukrainy National Joint Stock Company. 12 475 73 Economics

россия газ украина сми russia gas ukraine media Ukraine signed new agreement for purchase of gas in Russia: the price will be $248 Ukraine has signed a new agreement for the purchase of gas in Russia in the second quarter of 2015. 97 722 971 Ukrainian Politics

Russia specified the volume of ‘humanitarian’ gas delivered to Donbas terrorists Gazprom could have supplied more than 300 million cubic meters of ‘humanitarian’ gas to the Donbas since Feb. 19, 2015, bypassing the main Ukrainian gas transportation system. The cost of such a delivery could be around $100 million. 47 685 274 Previously in trend: Gas War Russian aggression against Ukraine

Gazprom is not in a position to dictate its terms this year - Naftohaz head According to the head of Naftohaz of Ukraine Andrii Kobolev, Gazprom’s share in the gas import to Ukraine will be a maximum of 40 per cent this year. He commented on the recent statements of the Russian Minister of Energy Alexander Novak that Russia may soften the conditions for the supply of gas to Ukraine. 52 421 412 Ukrainian Politics

Naftogaz transferred $15 million to Gazprom. The prepayment will cover five days of gas deliveries Naftogaz of Ukraine allocated prepayment in the amount of $15 million to the Russian Gazprom’s account for natural gas supplies in March. 15 279 204 Previously in trend: Gas War

газ газпром Gazprom has not been complying with gas contract for four days - Naftohaz The Russian company has not been complying with the terms of the contract and the legally binding tripartite agreement signed in Brussels on Oct. 30, 2014. In violation of the provisions of the contract, Gazprom has been fulfilling Naftohaz orders for the supply of paid gas volumes by only 40% starting Feb. 22. 61 970 409 Economics

IMF decision on new program for Ukraine may be postponed - Finance Ministry The Finance Ministry said that the IMF may delay the decision to start the new program of cooperation with Ukraine, as the main IMF’s precondition - the adoption of several already agreed laws by the Verkhovna Rada was not fulfilled. 34 274 143 Ukrainian Politics

Ukrainian prepayment for gas covers three or four days of delivery. Without payment, supply will be suspended - Putin The money that Ukraine has transferred for gas covers three or four more days of delivery. Russia expects further payments from the Ukrainian party. 52 864 294 Previously in trend: Gas War

Naftohaz says Gazprom is in breach of contract by supplying gas to "DPR" and "LPR" and it will not pay for it National Joint Stock Company Naftohaz Ukrainy is not planning to pay the bills of the Russian gas monopoly Gazprom for supply of gas through the gas metering stations (GMS) that border the area of the anti-terrorist operation. 43 909 226 Economics

Gazprom announced commencement of gas supply paid for by Ukraine to Donbas militants Russia’s Gazprom announced the start of supplying gas to the terrorists in the Donbas, which was purchased by Ukrainian company Naftohaz. 131 015 732 Previously in trend: Gas War Russian aggression against Ukraine

нафтогаз Naftohaz asserts claim to Gazprom in the Stockholm arbitration at the amount of $6.2 billion Naftohaz of Ukraine addressed the Arbitration Institute of the Stockholm Chamber of Commerce Oct. 13, 2014 with a claim for retroactive revision of the transit contract for 2009-2019. 53 006 119 Previously in trend: Gas War

Ukraine reduced gas consumption by 16% in 2014 Ukraine reduced natural gas consumption by 16%, or 7.8 billion cubic meters (cbm) down to 42.6 billion cbm in 2014. 3 837 21 Economics

газ Gas tariffs in Ukraine will increase in first quarter of 2015 The National Regulatory Commission in the energy and utilities sector will review the price of gas for consumers in terms of increase in the first quarter of 2015. 103 754 634 World

газ Cabinet to increase gas rates for population to market level in 2015: 20 million of Ukrainians will receive grants-in-aid Prime Minister Yatseniuk announced plans to raise gas prices for citizens to the market level not in 2017, as expected earlier, but yet in 2015. 191 228 661 Previously in trend: Budget 2013

Naftohaz Official Explained Why Company Is in no Hurry to Prepay for Russian Gas Naftohaz of Ukraine is in no hurry to make payment in advance to the Russian Gazprom due to difficulties with fundraising and further gas price reduction 41 953 100 Previously in trend: Gas War

Gazprom Paid Naftogaz for Transit of Gas The Russian company settled the payment based on its own tariff calculations. 26 322 67 Previously in trend: Gas War

Barroso Confirms EC Guarantees on Gas Agreements With Russia in Letter to Poroshenko Guarantees of the European Commission regarding the gas agreements between Ukraine and the Russian Federation are confirmed in a letter of European Commission President Jose Manuel Barroso to President of Ukraine Petro Poroshenko. 7 537 58 Previously in trend: Gas War

Poroshenko and Merkel Held Phone Conversation Regarding Gas Talks Petro Poroshenko and Angela Merkel discussed the results of tripartite gas consultation between Ukraine, Russia, and the EU. 24 212 135 Previously in trend: Gas War

Prime Minister: Ukraine Will Not Withdraw Gas Claim from Stockholm Court Ukraine does not intend to withdraw its gas lawsuit from the Stockholm court. 11 775 57 Previously in trend: Gas War

Ukraine's Gas Debt Will Be Paid at $268 Per Cubic Meter Regardless of Gazprom’s Position, Yatseniuk Says The gas that has been supplied to Ukraine will be paid at $268 for one thousand cubic meters, regardless of the position of JSC Gazprom. 42 458 475 Previously in trend: Gas War

Ukraine Will See No Reverse if It Doesn't Agree with Gazprom on Gas Supply - Merkel European Union will stop reverse gas supplies to Ukraine if Kyiv doesn't reach deal with Moscow on renewal of gas supply from the Russia's Gazprom. 76 936 458 Previously in trend: Gas War

Naftohaz to Pay Gazprom $1.45 Billion Gas Debt Until the End of October - Oettinger EU, Russia, and Ukraine during the negotiations in Brussels on Oct. 21 agreed that Naftohaz of Ukraine will pay off 1.45 billion dollars it owes to Gazprom until the end of October, as well as 1.65 billion dollars of prepayment by the end of this year. 18 832 310 Previously in trend: Gas War

Russian Duma Allowed Gazprom Reciprocal Payments for Ukraine’s Gas Transit The State Duma of the Russian Federation passed a bill in the final third reading on Tuesday that will make it possible for Gazprom to conduct set off payments to Naftogaz Ukraine. 61 908 131 Previously in trend: Gas War