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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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TOP news Naftogaz

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. 35 696 134 Economics

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

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. 61 151 130 Previously in trend: Gas War

Cabinet of Ministers fires Kobolyev, appoints Vitrenko as Naftogaz CEO Cabinet of Ministers fires Kobolyev, appoints Vitrenko as Naftogaz CEO The Cabinet of Ministers has dismissed Andriy Kobolyev as CEO of NJSC Naftogaz of Ukraine and appointed Yuriy Vitrenko to this position, according to the Government portal. 14 817 126 Ukrainian Politics

Putin stands against cessation of Russian gas transit through Ukraine after 2019 Russian President Vladimir Putin does not consider it appropriate to discontinue transit of Russian gas through Ukraine after 2019, when the contract for gas transit between Russian Gazprom and Ukrainian Naftohaz NJSC expires. 23 210 123 Economics

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

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

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. 11 263 119 Previously in trend: Hroisman's Cabinet

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. 7 562 116 Economics

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. 17 321 114 Economics

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. 7 230 114 Economics

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

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. 54 915 112 Previously in trend: Abromavicius-Kononenko scandal

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

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. 90 094 102 Incidents

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

U.S. concerned by Ukraine’s government actions to replace Naftogaz management U.S. concerned by Ukraine’s government actions to replace Naftogaz management The United States has expressed "deep concern" by the Ukrainian government’s recent actions to replace the management of NJSC Naftogaz of Ukraine, calling it "calculated move – using a procedural loophole". 12 530 101 Ukrainian Politics

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

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. 16 729 99 Economics

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

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. 20 114 98 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. 14 313 98 Economics

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. 27 299 97 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. 7 226 97 Previously in trend: Gas War

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. 16 387 96 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. 22 389 94 Previously in trend: Naftohaz against Gazprom

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 26 757 93 Previously in trend: Gas War

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

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. 12 092 90 Previously in trend: Naftohaz against Gazprom

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. 24 689 88 Economics

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. 17 969 87 Previously in trend: Gas War

олексій,чернишов Ukraine will stop transit of Russian gas to Europe at end of 2024, - Chernyshov Ukraine is ready to abandon gas transit, especially because Russia is not fulfilling the terms of the contract. Naftogaz of Ukraine will not continue transiting Russian gas after the contract expires in 2024. 10 277 85 Economics

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

нафтогаз "Naftogaz" announced the default on Eurobonds due to the refusal of the Cabinet of Ministers to agree on payments NJSC "Naftogaz Ukraine" warned of default on Eurobonds due to the government's refusal to coordinate payments on them. 12 071 83 Economics

пасишник Pasishnyk released on personal recognizance The court released Ukrtransnafta's First Deputy Director General Andrii Pasishnyk on personal recognizance. 12 289 83 Previously in trend: Abromavicius-Kononenko scandal

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. 8 528 82 Ukrainian Politics

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. 9 586 81 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. 8 525 79 Ukrainian Politics

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. 7 264 78 Economics

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. 24 938 77 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. 13 546 77 Ukrainian Politics

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. 37 045 77 Previously in trend: Gas War

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. 8 665 76 Previously in trend: Gas War

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

Plane with medical cargo arrives in Ukraine. VIDEO Plane with medical cargo arrives in Ukraine. VIDEO A plane with a charitable medical cargo from China purchased by the Naftogaz Group has arrived at the Antonov airport in Hostomel, the Kyiv region. 6 162 72 Previously in trend: Anti-epidemic measures and restrictions

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). 9 158 70 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

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. 27 258 63 Previously in trend: Boyko Platforms