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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

Naftohaz Confirms Norwegian Gas Supply Contract Signing: This Is a Major Breakthrough Naftohaz Ukrainy confirms the conclusion of a contract for the supply of natural gas by the Norwegian oil and gas producer Statoil and the beginning of its supplies through Slovakia from October 1 52 652 232 Previously in trend: Gas War

газ EU Wants Ukraine and Russia to Sign Interim Gas Agreement The European Commission (EC) will propose that Russia and Ukraine sign an interim gas agreement in Berlin as a step towards resolving their long-standing row over gas prices, Energy Commissioner Guenther Oettinger said on Tuesday. 27 469 324 Previously in trend: Gas War

Shortage of Gas for Heating Season in Ukraine Is 5 Billion Cubic Meters Shortage of natural gas for the heating season in Ukraine is about 5 billion cubic meters. 16 744 142 Previously in trend: Gas War

Naftogaz Denies Ukraine’s Gas Transportation System Being Captured by Terrorists Naftogaz Ukrainy refutes the statement of the representatives of the self-proclaimed Donetsk People's Republic about taking control of the gas transportation system (GTS) and underground gas storages (UGS) in the Donbas. 9 211 9 Ukrainian Politics

Ukraine is Ready to Conclude Package Agreement on Gas with Gazprom – Ukrainian Minister of Energy Kyiv is ready to conclude a package agreement on gas with the Russian Gazprom and continue to work only within the framework of this agreement. 64 556 203 Previously in trend: Gas War

Ukraine Can Survive Cold Season without Russian Gas, Deputy Prime Minister Says Vice Prime Minister of Ukraine and at the same time Minister of Regional Development, Construction, and Communal Living Volodymyr Groisman considers as realistic the idea of surviving the heating season of 2014/15 without purchasing Russian gas. 23 154 134 Economics

газ украина газпром цены Gazprom Threatens Ukraine with a New Suit for $18 Billion for Gas Underdrawal Gazprom may file another lawsuit against Naftogaz Ukrainy in the Stockholm arbitration for the amount of $18 billion. 42 786 541 Previously in trend: Gas War

нафтогаз Naftogaz Sues Gazprom Demanding a Fair Price for Gas National Joint Stock Company Naftogaz Ukrainy has filed a suit in the Arbitration Institute of the Stockholm Chamber of Commerce. 44 102 558 Previously in trend: Gas War

Prepayment for Gas for Ukraine Hit Russian Stock Market After transferring Ukraine to a prepaid mode for Russian gas, the Moscow MICEX Stock Exchange fell by 2.11%. It currently constitutes 1469.44 points. 89 230 351 Economics

Russia is Offering $100 Discount on Gas. We Know these Traps and Demand Changes to the Contract, Says Yatsenyuk The Russian Federation offered Ukraine a $100 discount on natural gas, but the Ukrainian side does not accept the proposal, demanding to amend the gas contract. 37 037 330 Previously in trend: Gas War

Cabinet of Ministers Took Out Another Chinese Loan for Three and a Half Billion Dollars Cabinet of Ministers Took Out Another Chinese Loan for Three and a Half Billion Dollars 25 December 2012 the Cabinet of Ministers in the presence of Deputy Prime Minister Yurii Boiko held a signing of the loan agreement between Naftogaz of Ukraine and State Bank of Development of CPR on the financing of the program realization for substitution of natural gas by Ukrainian coal in the amount of 3.656 billion U.S. dollars under the guarantee of the Government of Ukraine. 12 653 98 Economics

In 2013 Ukraine Faces Possible $ 5.7 Billion Fine from Gazprom In 2013 Ukraine Faces Possible $ 5.7 Billion Fine from Gazprom If we assume the worst-case scenario for the Ukrainian side the fine that Gazprom may impose on Naftogaz of Ukraine could reach $ 2.7 billion in 2012 and $ 3.8 - $ 5.7 billion in 2013. 5 397 149 Previously in trend: Gas War

Ukraine Decided to Export its Natural Gas Ukraine Decided to Export its Natural Gas The Ministry of Energy and Coal Industry of Ukraine drafted an export order for marketable natural gas and published on the official website, Censor.NET reports. 7 392 172 Economics

Ukraine to Reduce Purchase of Russian Gas Ukraine to Reduce Purchase of Russian Gas Ukraine plans to reduce the amount of natural gas purchased from the Russian gas monopoly to 20 billion cubic meters in 2013, Naftogaz deputy chairman Vadim Chuprun stated. 9 032 703 Previously in trend: Gas War

Buying Gas from Germany Naftogaz Ukrainy Can Save up to 1.7 Billion Dollars Buying Gas from Germany Naftogaz Ukrainy Can Save up to 1.7 Billion Dollars Naftogaz Ukrainy is planning to increase the volume of German gas transported though Ploand to 12 bliion cubic meters per year which will allow the cmpany to save up to $ 1.7 billion. 6 026 381 Previously in trend: Gas War