Ukraine is offering customers of underground gas storage facilities competitive tariffs that will not be revised until April 1, 2025, according to a press release from Naftogaz Group on Monday. “One of our key goals for 2024 is to increase the volume of gas that foreign energy companies store in Ukrainian underground storage facilities. This … Read more
Ukrgazvydobuvannya from the Naftogaz Group launched a new gas well with a throughput of 400,000 cubic meters per day, reported the press service of the state oil and gas company. This is the fourth high-throughput well launched in 2024, and one of the most productive, Naftogaz said. The idea of launching this well belongs to the development … Read more
Ukraine went through the winter with its own gas, head of the board of NJSC Naftogaz Ukrainy Oleksiy Chernyshov said on his Facebook page. “A historical event. Ten years ago no one would have believed this. Two years ago, when a full-scale war began, it was also difficult to believe. But we did it and … Read more
PJSC Ukrnafta transferred UAH 3.9 billion in dividends to the state budget as an advance payment based on the results of economic activities in 2023. “This is the first part. In total, more than UAH 8 billion will be paid in accordance with the schedule. This is twice as much as the total for the … Read more
Naftogaz Group plans to produce 15 billion cubic meters of natural gas in 2024 at the expense of PJSC Ukrgazvydobuvannia and PJSC Ukrnafta, said the head of the group, Oleksiy Chernyshov. “For 2024, our plan is to approach 15 billion cubic meters at the expense of the Ukrgazvydobuvannia and Ukrnafta enterprises,” he said at the … Read more
Fitch Ratings has upgraded National Joint-Stock Company Naftogaz Ukrainy’s (Naftogaz) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (Restricted Default) following the completion of its eurobond restructuring, the company said on its website. “Fitch has affirmed the company’s senior unsecured notes issued by Kondor Finance plc at ‘C’; the Recovery Rating has been revised … Read more
For the first time in its history, Ukraine is set to go through the upcoming winter season using domestically produced natural gas, Oleksiy Chernyshov, CEO of Ukraine’s state-owned oil and gas enterprise Naftogaz, told Ukrainian TV broadcasters on Sept. 25. “We are increasing our own gas production, and those numbers are on the rise,” said … Read more
The gas transmission system (GTS) and underground gas storages (UGS) of Ukraine are ready to operate under conditions of zero transit, the Ministry of Energy announced, citing a stress test initiated by it. The modeling of the work was carried out by a working group composed of and with the assistance of the USAID Energy … Read more
NJSC Naftogaz Ukrainy has reached agreements with investors on the restructuring of two issues of eurobonds maturing in July 2022 and November 2026. According to the company’s press release, this was announced by Head of Naftogaz Ukrainy Oleksiy Chernyshov, following a meeting with eurobond holders on May 31, 2023. Detailed restructuring proposals have also been … Read more
Naftogaz, Ukraine’s national fossil fuel company, has started operations at one of its most formidable wells in recent years. This bodes well for future exploration, said Naftogaz CEO, Oleksiy Chernyshov, on his Facebook page on May 24. The well currently boasts daily gas production of 580,000 cubic meters. With an impressive depth of 5.8 kilometers, this … Read more