Ukraine signs LNG deal with Poland’s Orlen amid Russian attacks
"Partnering with Orlen strengthens energy security, diversifies supply routes, and accelerates Ukraine's integration into the European gas market," said Roman Chumak, CEO of Naftogaz.
Naftogaz
Ukraine Business Roundup — Trump tariffs hit to Ukraine's steel industry
The following is the Feb. 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s steel industry — one of its most critical sectors — just can’t seem to catch a break
Russia claims it struck Lviv Oblast gas storage facilities; Ukraine reports no disruptions
Russia claimed it had damaged ground facilities at one of Ukraine's largest natural gas storage sites in Lviv Oblast during a series of missile and drone attacks on Jan. 15.
Dutch Supreme Court dismisses Russia's appeal in Naftogaz's $5 billion arbitration case
The Supreme Court of the Netherlands has rejected Russia's appeal, upholding a decision by the Hague Arbitration Court requiring Russia to pay $5 billion in compensation to Ukraine’s state-owned Naftogaz for misappropriated assets in occupied Crimea, Naftogaz reported on Dec. 13.
Ukraine state-owned enterprises weekly — Issue 157
Editor’s Note: This is issue 157 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 2-8, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Parliament appoints Naftogaz’s CEO Chernyshov as national unity minister; CFO Chumak takes over as acting CEO. On Dec. 3,
Ukraine Business Roundup — Historic tax increase signed 44 days late
The following is the Dec. 3, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Volodymyr Zelensky finally signed into law a bill authorizing Ukraine’s first wartime tax increase on Nov.
Parliament approves Naftogaz chief Chernyshov as deputy PM and 'minister for national unity'
Since 2022, Oleksii Chernyshov has been the CEO of the Naftogaz Group, Ukraine's state-owned energy giant.
Ukrnafta acquires 51% share in Shell's gas station network in Ukraine
Ukrnafta, a state-owned oil and gas extraction company that is a subsidiary of Naftogaz, has bought a 51% stake in Shell's gas station network in Ukraine, the press service of Naftogaz reported on Nov. 19.
Ukraine needs ‘fast and focused’ help with energy security, ERBD Ukraine head says
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
No Azeri gas deal currently on table to maintain flows via Ukraine, Naftogaz CEO says
No deal is currently on the table between Europe and Azerbaijan to keep gas flowing through Ukraine once a transit deal with Russia expires at the end of the year, despite reports a contract was nearing, CEO of Ukrainian state-owned oil and gas giant Naftogaz said.
Ukraine's gas production highest since full-scale invasion's start
According to EXPRO’s calculations, gross natural gas production rose by 2.3% in October 2024 compared to the same month last year, reaching 1.663 billion cubic meters, the highest level since January 2022.
Ukraine Business Roundup — Ukraine debates who serves and who doesn’t
The following is the Oct. 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Companies in Ukraine that were expecting to be able to “reserve” their employees to shield them from military
Finnish court orders seizing Russian assets at request of Ukraine's Naftogaz company
According to a ruling in 2023 by the Permanent Arbitration Court based in The Hague, Russia is obliged to pay $5 billion to Naftogaz Group as compensation for assets illegally seized during the Russian occupation of Crimea in 2014.
Ukraine state-owned enterprises weekly — Issue 149
Editor’s Note: This is issue 149 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 22-28, 2024. The Kyiv Independent is reposting it with permission. Energy sector Naftogaz Group made Hr 24.4 billion in consolidated net profit in the first six months of 2024, the group reported on
Ukraine state-owned enterprises weekly — Issue 148
Editor’s Note: This is issue 148 of Ukrainian State-Owned Enterprises Weekly, covering events from September 15-21, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs UDI looking for a new CEO. On Sept. 19, Ukrainian Defense Industry (UDI) said that its supervisory board had launched
Ukraine Business Roundup — French billionaire closes historic deal in Ukraine
The following is the Sept. 10, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. French billionaire Xavier Niel’s investment company NJJ Capital on Sept. 9 closed a deal to merge two
Ukraine state-owned enterprises weekly — Issue 144
Editor’s Note: This is issue 144 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 17-24, 2024. The Kyiv Independent is reposting it with permission. Energy sector Cabinet leaves current gas tariffs for heat producers and households unchanged. On Aug. 23, the Cabinet of Ministers extended the public service
Ukraine state-owned enterprises weekly — Issue 143
Editor’s Note: This is issue 143 of Ukrainian State-Owned Enterprises Weekly, covering events from July 29 – Aug. 16, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrnafta completes the composition of the supervisory board. On Aug. 7, Ukrnafta reported that Kateryna Kuznetsova joined the
Ukraine boosting gas production thanks to new wells, technologies
Companies of Ukraine's state-owned Naftogaz Group produced 8.6 billion cubic meters (bcm) of commercial gas in the first seven months of 2024, representing a 7% increase compared to the same period last year, the company's press service said on Aug. 6.
Ukraine state-owned enterprises weekly — Issue 142
Editor’s Note: This is issue 142 of Ukrainian State-Owned Enterprises Weekly, covering events from July 21-27, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine increases natural gas reserves in underground storage to 10 billion cubic meters, Naftogaz Group reported on July 22. Over 2.5
Ukraine's Naftogaz puts new high-rate gas well into operation
"The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said.
Ukraine state-owned enterprises weekly — Issue 141
Editor’s Note: This is issue 141 of Ukrainian State-Owned Enterprises Weekly, covering events from July 14-20, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs PrivatBank appoints a new CFO. On July 15, PrivatBank reported that Larysa Chernyshova will serve in this role starting Sept.
Ukraine Business Roundup — Is Russia’s war decarbonizing Ukraine?
The following is the July 23, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Decentralizing a power grid is a
Naftogaz has accumulated 76% of gas storage target ahead of winter
Naftogaz, Ukraine's state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22.
EBRD pledges $220 million to boost Ukraine's energy security, create gas reserves
A key goal of the investment is to help create strategic natural gas reserves at Naftogaz, Ukraine's state-owned energy company.
Ukraine sets new record for gas production in 6 months
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16.
Ukraine Business Roundup — Ukrainian startups attract funding
The following is the July 4, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. EU accession talks begin Ukraine and
Ukraine state-owned enterprises weekly — Issue 138
Editor’s Note: This is issue 138 of Ukrainian State-Owned Enterprises Weekly, covering events from June 24-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On June 28, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Ukraine state-owned enterprises weekly — Issue 136
Editor’s Note: This is issue 136 of Ukrainian State-Owned Enterprises Weekly, covering events from June 09-16, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs HACC extends pre-trial restrictions for Kobolyev. On June 11, the High Anti-Corruption Court (HACC) granted the SpecialiZed Anti-Corruption Prosecutor’s
Ukraine state-owned enterprises weekly — Issue 135
Editor’s Note: This is issue 135 of Ukrainian State-Owned Enterprises Weekly, covering events from June 2-8, 2024. The Kyiv Independent is reposting it with permission. The Cabinet approved the Reforms Matrix based on international partners’ recommendations on June 4. According to Prime Minister Denys Shmyhal, more than 200 reforms
Ukraine state-owned enterprises weekly — Issue 133
Editor’s Note: This is issue 133 of Ukrainian State-Owned Enterprises Weekly, covering events from May 19-24, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank appoints three new top executives. On May 23, Ukreximbank reported that its supervisory board had elected Pavel Haskovec, Maksym
Ukraine state-owned enterprises weekly — Issue 132
Editor’s Note: This is issue 132 of Ukrainian State-Owned Enterprises Weekly, covering events from May 11-18, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Parliament reverses SOE corporate governance law to have Ukrnafta pay dividends directly to the state budget, SOE Weekly’s team
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