DTEK would not participate in the privatization of PJSC Centrenergo electricity generating company, DTEK CEO Maksym Tymchenko has said. “No, we have said this several times,” he told reporters on Thursday. He evaded the question about the fairness of the starting price of 78.289% stake in Centrenergo of UH 5.985 billion recently approved by the … Read more
The top 100 largest state-owned companies in Ukraine in 2017 saw net profit rise by 38.5% compared to 2016, to UAH 44.4 billion, while 88.5% of this amount was the profit of Naftogaz, according to data released by the Ministry of Economic Development and Trade. “The main factor of the growth of Naftogaz Ukrainy’s profit … Read more
Ukrnafta saw net profit rise by 54.3% in January-June 2018 compared to the same period in 2017, to UAH 2.061 billion. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income grew by 21.6%, to UAH 16.762 billion, gross profit by 40.8%, … Read more
Fitch Ratings has upgraded NJSC Naftogaz Ukrainy’s Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDR) to ‘B-‘ from ‘CCC’ with stable outlook, according to a report posted on the website of the rating agency on Tuesday. According to the document, the upgrade of Naftogaz’s IDRs follows Fitch’s reassessment of its standalone credit profile (SCP) and linkage … Read more
The Stockholm Arbitration Tribunal has obliged PJSC Gazprom to pay for transit of 110 billion cubic meters of gas across the territory of Ukraine annually, Naftogaz Ukrainy Board Head Andriy Kobolev said at a press conference in Kyiv on Thursday. According to him, this is not a classic “take or pay” case, but if Gazprom … Read more
National joint-stock company Naftogaz Ukrainy today remains the operator of the gas transport system (GTS) of Ukraine under the transit contract with JSC Gazprom, Naftogaz Chief Commercial Director Yuriy Vitrenko said at a press conference in Kyiv on Thursday. He said that the obligations of the GTS operator could be transferred to another operator when … Read more
Ukraine boosted gas imports from European countries by 27% or 3 billion cubic meters (bcm) in 2017, to 14.1 bcm, the press service of national joint-stock company Naftogaz Ukrainy has reported. “The important result of the year was the increase in the volumes and the share of imports by private traders and gas consumers. Last … Read more
Ukraine in 2017 increased electricity exports by 28.6% compared to 2016, to 5.166 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. The supply of electricity from the Burshtyn TPP energy island to Hungary, Slovakia and Romania increased by 2.7%, to 3.138 billion kWh. Electricity deliveries to Poland decreased by 6.5%, to … Read more
DTEK Oil & Gas in 2017 boosted natural gas production by 1.2%, or 0.02 billion cubic meters (bcm), from 2016, to 1.65 bcm, the company’s press service reported on Facebook. “DTEK Oil & Gas produced 1.65 bcm of natural gas in 2017, which was a new record in the company’s history and in all private … Read more
Ukraine’s Energy and Coal Industry Ministry has announced a tender to select independent members of Ukrenergo’s supervisory board. According to an announcement on the ministry’s website, applications and documents for the tender can be submitted before March 2, 2018. The ministry seeks to create the supervisory board consisting of seven members with the following qualification: … Read more