Ukraine’s largest gas producer, UkrGasVydobuvannya, launched a new exploratory well with a depth of 5,800 m, with a flow rate of 580,000 cubic meters of gas per day. Sydorov reports, citing the Naftogaz press service. Ukraine’s state gas producer is now actively developing new wells. The latest 5,800-m-deep exploratory well is one of the most … 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
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
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
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
NJSC Naftogaz Ukrainy announced that the proposal to postpone payments on eurobonds, which was due to the government’s position to use these funds for natural gas import, did not find support among the eurobond holders and plans to take actions regarding the execution of the company’s eurobonds transaction in connection with the government’s ban on … Read more
NJSC Naftogaz Ukrainy, through the issuer of its eurobonds, Kondor Finance plc, has approached the holders of these securities in the amount of almost $1.5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period. “In light of … Read more
NJSC Naftogaz Ukrainy is negotiating the supply of imported liquefied natural gas (LNG) to Ukraine in the fourth quarter of this year, head of the company Yuriy Vitrenko said at a press conference on Tuesday. “There are certain technological limitations here. Ukraine has never physically imported LNG. We understand that we do not have LNG … Read more