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☆ Ukraine sees first winter using only Ukrainian gas, Naftogaz CEO says
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUkraine sees first winter using only Ukrainian gas, Naftogaz CEO saysOleksiy Chernyshov, CEO of Naftogaz, talks to CNBC about the importance of energy independence during a time of war.

Persons: Oleksiy Chernyshov Organizations: Ukraine, Naftogaz, CNBC

☆ Ukraine heads into winter with a hobbled energy system
▼ + stars: | 2023-10-06 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

Ukraine declines to share detailed data on the impact of attacks on its energy system, treating it as sensitive information during wartime. Kyiv School of Economics' research centre estimated the direct damage to Ukraine's energy infrastructure at $8.8 billion as of June. Last winter, Ukraine was helped by relatively mild weather, rapid repairs, nuclear power and electricity imports from Europe, but some officials expect tougher conditions this time. Volodymyr Kudrytskyi, head of national grid operator Ukrenergo, said the main grid, one of the most damaged parts of the energy system, was ready to transmit winter volumes of electricity. "The energy system is not as reliable and with a smaller reserve capacity than it was before the targeted strikes," he said.

Persons: Marcus Lippold, It's, it's, Andriy Sadovy, Oleksandr Kharchenko, Dmytro Sakharuk, Sakharuk, DTEK, Denys Shmyhal, Shmyhal, Volodymyr Kudrytskyi, Oleksiy Chernyshov, Serhiy Sukhomlyn, Julia Payne, Mike Collett, White, Gareth Jones Organizations: United Nations, Kyiv School of Economics, Lviv, Energy Industry Research Center, Reuters, Ukraine's, Naftogaz, Thomson Locations: Ukraine, Russian, Brussels, Russia, Moscow, Europe, Zhytomyr, Kyiv

☆ Naftogaz CEO: We should discuss Russian gas transit deal with EU
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNaftogaz CEO: We should discuss Russian gas transit deal with EUOleksiy Chernyshov, CEO of Ukraine's largest oil and gas company Naftogaz, discusses the future of the Russian gas transit deal, which is due to expire in 2024.

Persons: Chernyshov Organizations: EU

Companies Llc Naftogaz Digital Technologies FollowJune 23 (Reuters) - Ukrainian state-owned energy company Naftogaz said on Friday it had taken legal action in the United States against Russia to recover $5 billion awarded in the Hague as compensation for damages and lost property in Crimea. It said it had filed a motion in the United States District Court for the District of Columbia, and that it had the right to do so as the U.S. is among countries hosting Russian assets. Naftogaz said in April that an arbitration court in The Hague had ordered Russia to pay $5 billion in compensation for unlawfully expropriating the Ukrainian company's assets in Crimea. "Since Russia has not voluntarily paid the funds to Naftogaz as provided for by the award, we intend to leverage all available mechanisms to recover these funds," Naftogaz CEO Oleksiy Chernyshov said. Chernyshov said the company was working on this in the United States and other target jurisdictions.

Persons: Naftogaz, Oleksiy Chernyshov, Chernyshov, Anna Pruchnicka, Tom Hogue, Timothy Organizations: Technologies, United States, Court, District of Columbia, Timothy Heritage, Thomson Locations: Ukrainian, United States, Russia, Hague, Crimea, U.S, Ukraine, Western, Chornomornaftogaz, The Hague

KYIV, June 23 (Reuters) - Ukrainian state-owned energy company Naftogaz said on Friday it had taken legal action in the United States against Russia to recover $5 billion awarded in the Hague as compensation for damages and lost property in Crimea. It said it had filed a motion in the United States District Court for the District of Columbia, and that it had the right to do so as the U.S. is among countries hosting Russian assets. Naftogaz said in April that an arbitration court in The Hague had ordered Russia to pay $5 billion in compensation for unlawfully expropriating the Ukrainian company's assets in Crimea. "Since Russia has not voluntarily paid the funds to Naftogaz as provided for by the award, we intend to leverage all available mechanisms to recover these funds," Naftogaz CEO Oleksiy Chernyshov said. Chernyshov said the company was working on this in the United States and other target jurisdictions.

Persons: Naftogaz, Oleksiy Chernyshov, Chernyshov, Dmitry Peskov, Anna Pruchnicka, Tom Hogue, Timothy Organizations: United States, Court, District of Columbia, Timothy Heritage, Thomson Locations: Ukrainian, United States, Russia, Hague, Crimea, U.S, Ukraine, Western, Chornomornaftogaz, The Hague

☆ Naftogaz held talks with US oil companies about energy projects in Ukraine -FT
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

Oleksiy Chernyshov, chief executive of Naftogaz, told the FT that he held meetings in Washington with Halliburton and ExxonMobil in recent days. The talks with Exxon and Chevron are at an early stage and would take longer to yield results, FT said. The talks are a part of Ukraine's push to increase natural gas production. Ukraine has substantial reserves of natural gas, but consumption far outstrips production and the country is forced to import gas. Last month, Chernyshov said he plans to increase its natural gas production by more than 5% in 2023 to 19 billion cubic metres despite the Russian invasion.

☆ Ukraine's Naftogaz says Russia told to pay $5 billion for seizing Crimea assets
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Ukraine's state energy company Naftogaz is seen outside the company's headquarters in central Kyiv, Ukraine October 18, 2021. REUTERS/Gleb Garanich/File PhotoKYIV, April 13 (Reuters) - Ukraine's state-owned gas company Naftogaz said on Thursday that Moscow had been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in Russian-annexed Crimea in 2014. "Despite Russia's attempts to obstruct justice, the Arbitration Tribunal ordered Russia to compensate Naftogaz for losses of $5 billion," Naftogaz said. The company, whose assets in Crimea included Chornomornaftogaz which produced significant amounts of gas from the Black Sea, gave no further detail of which overseas Russian assets it could target. Naftogaz has been in talks with investors on a debt restructuring to bring the company out of a months-long default.

☆ How facial recognition is helping Putin curb dissent
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +8 min

There officers told the 51-year-old bank employee that the metro’s facial recognition system had flagged him for detention because of his political activism. Facial recognition is now helping police to identify and sweep up the Kremlin’s opponents as a preventive measure, whenever they choose. The facial recognition system in Moscow is powered by algorithms produced by one Belarusian company and three Russian firms. All but one said they understood from officers that they were flagged for detention by facial recognition. Facial recognition technology uses artificial intelligence algorithms to analyse and identify faces.

☆ Ukraine’s Naftogaz is in the process of finalizing the restructuring of its debt
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUkraine’s Naftogaz is in the process of finalizing the restructuring of its debtOleksiy Chernyshov, Naftogaz CEO, speaks about the process of finalizing the restructuring of the company's debt. It was the first government entity to default in 2022.

☆ Ukraine's Naftogaz says Russian attacks damaged 350 gas facilities
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Companies NAK Naftohaz Ukrainy PAT FollowLONDON, Dec 7 (Reuters) - Recent Russian attacks on Ukraine have damaged 350 natural gas facilities in the country though production should be largely restored by year-end, Oleksiy Chernyshov, chief executive of Ukrainian state energy company Naftogaz said on Wednesday. Speaking at an event of the European Bank for Reconstruction and Development, Chernyshov said the loss of gas production capacity amounted to a value of around $700 million. "We all understand that the energy is another weapon...and we've been seriously attacked by Russian missiles in some part of our infrastructure and gas production infrastructure has been hit." Chernyshov, who was appointed in early November, said getting the firm out of default was another of his priorities. Naftogaz tipped into a messy default in July, becoming the first Ukrainian government entity to do so since the start of the Russian invasion on Feb. 24.

☆ Ukraine's Naftogaz asks USAID for help with gas for heating
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Companies NAK Naftohaz Ukrainy PAT FollowNov 29 (Reuters) - Ukrainian energy company Naftogaz has asked the United States Agency for International Development (USAID) to help with additional natural gas volumes for the heating season, Oleksiy Chernyshov, the company's chief executive said on Monday. read more"The key is the additional volume of gas needed to get through this heating season," Chernyshov wrote on his Facebook page after a meeting with Elizabeth McKee, the assistant administrator of the USAID for Europe and Eurasia. "We are talking, in particular, about methanol, gas compressors, diesel generators and equipment for gas production," Chernyshov said. In October, USAID said it would invest $55 million in Ukraine's heating infrastructure to aid the country's preparations for winter, according to a statement on the Agency's website. Reporting in Melbourne by Lidia Kelly; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine gives green light for Lazard to advise Naftogaz
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

KYIV, Nov 10 (Reuters) - Ukraine's government has given the green light for financial advisory firm Lazard to advise state energy company Naftogaz on its debt restructuring plan. A resolution published on the government portal late on Wednesday said the cabinet had decided to "approve the conclusion of an agreement between the joint-stock company ... Naftogaz of Ukraine and the company Lazard Frères SAS". Naftogaz is stuck in default after bondholders of two of its three main international bonds refused to sign up to a debt payment deferral plan offered this year. The final terms to be offered to bondholders are to be sent to the government for approval. The government resolution gave Naftogaz two weeks to do so.

☆ Head of state-run Ukrainian energy company Naftogaz quits
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

KYIV, Nov 1 (Reuters) - The Ukrainian government accepted the resignation of Yuriy Vitrenko as chief executive of state energy company Naftogaz on Tuesday. In a statement on the Telegram messaging app, Naftogaz said Vitrenko would remain in the role until Nov. 3, but gave no further details. Asked by Reuters about the reason behind his resignation, Vitrenko declined to comment. Vitrenko's departure follows a series of Russian missile strikes on Ukrainian energy facilities in recent weeks as the war in Ukraine drags on. Naftogaz is also locked in a legal dispute with Russia's state energy company Gazprom over the transit of Russian gas.

☆ Russia looks to deprive Ukrainians of water and electricity as winter approaches
▼ + stars: | 2022-10-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

A fire engine stand in front of a burning electrical substation during extinguishing a fire on September 11, 2022 in Kharkiv, Ukraine. Two people died after a rocket hit an electrical substation on the outskirts of Kharkiv. Explosions in the city rang out at 8:00 p.m. As a result of the impact of two Russian cruise missiles, the administrative building was destroyed, transformers caught fire. They affected hundreds of thousands of Ukrainians and there are concerns that such attacks, and the likelihood of Russia continuing to target critical infrastructure, leaves civilians very vulnerable as winter approaches. "With the winter coming, such attacks could present grave risk to the civilian population," he added.

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