Fitch Ratings has assigned Kondor Finance plc’s proposed loan participation notes (LPNs) an expected senior unsecured ‘B-(EXP)’ rating and Recovery Rating (RR) of ‘RR4.’ According to a press release of Fitch published on November 2, the LPNs will be issued by Kondor Finance (the U.K.) on a limited recourse basis for the sole purpose of … 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
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
National joint-stock company Naftogaz Ukrainy increased gas transit by 13.1% in 2017, from 82.2 billion cubic meters (bcm) to 93 bcm, the company has said. “93 bcm is a record-breaking figure since the launch of Nord Stream in 2011,” Naftogaz said. Naftogaz said that the number of gas importers to Ukraine grew to 54. The … Read more
China Development Bank has notified national joint-stock company Naftogaz Ukrainy on the termination of the general loan agreement for the amount of $3.656 billion signed in 2012, the press service of the Ukrainian company has reported. Naftogaz recalled that under the terms of the agreement guaranteed by the state, projects for borrowed funds were to … Read more