Ukraine stops exporting electricity due to russian missile attacks on energy facilities. The Ministry of Energy of Ukraine states this. “russia continues to carry out energy terror against Ukraine and also increases energy pressure on the European Union. Ukrainian electricity, which we exported after synchronization to the EU and via separate lines to Moldova and … Read more
NJSC Naftogaz Ukrainy plans to increase gas production in 2023 by at least 5% under a combination of several conditions, head of the company Yuriy Vitrenko said. “In the west of the country … we are increasing production. At the same time, we have de-occupied areas in Kharkiv region. If there are no military losses, … Read more
NJSC Naftogaz Ukrainy plans to start testing the possibilities of storing hydrogen in underground gas storage (UGS) facilities in the near future, Roman Kokhtiuk, chief engineer of JSC Ukrtransgaz, has said. “We are working on this project. Ukrtransgaz has a number of memorandums with European underground gas storage operators, which have been moving in this … Read more
The international rating agency Fitch Ratings has upgraded Private Joint Stock Company National Power Company Ukrenergo’s (Ukrenergo) state- guaranteed notes’ senior unsecured rating to ‘CC’ from ‘C’ following the restructuring of its $825 million bonds. “The notes’ Recovery Rating remains unchanged at ‘RR4.’ The upgrade follows the restructuring of Ukraine’s debt. Fitch has also assigned … Read more
NJSC Naftogaz Ukrainy failed to obtain consent to a two-year deferral of interest payments and redemption on any of its three eurobond issues, the company said on the Irish Stock Exchange. According to the report, the required quorum (over 2/3) was reached only at a meeting as for eurobonds worth $335 million maturing in July … Read more
JSC Energy Company of Ukraine (ECU), 100% state-owned, has made its first deliveries to the domestic market and is starting to export electricity to leading European trading companies, the company said. According to the report, the company made the first deliveries of electricity under bilateral contracts in the domestic market. As for supplies to the … Read more
NJSC Naftogaz Ukrainy sent to eurobond holders through their issuer Kondor Finance Plc a repeated consent solicitation to defer principal payments on them for two years, in which, unlike the original one, it proposes to defer repayment and, accordingly, extend the circulation for two years, not only for eurobonds 2022, but also eurobonds 2024 and … Read more
NJSC Naftogaz Ukrainy, which last week defaulted on two out of three eurobond issues due to a government ban on payments on them, received permission to change loan agreements related to these eurobonds. The Cabinet of Ministers published order No. 670 dated August 1 on the same day on its website. Details of the proposed … Read more
The European network of electricity transmission system operators ENTSO-E on Wednesday confirmed its intention to double the import of electricity from Ukraine, which was announced by the European Commission the day before. It was reported by the press service of the Ministry of Energy of Ukraine. The statement was made during the meeting of the Minister … Read more
NJSC Naftogaz Ukrainy, which defaulted on two out of three eurobond issues the day before, will immediately offer eurobond holders an agreement to defer payments in accordance with the conditions specified by government order No. 625-r dated July 21, 2022. “This process should be part of a joint effort by the government and other state-owned … Read more