Business news from Ukraine

NAFTOGAZ PLANS TO COMPLETE PROCESS OF CONSOLIDATING REGIONAL GAS COMPANIES BY LATE 2023

28 August , 2023  

By the end of 2023, NJSC Naftogaz Ukrainy plans to complete the process of consolidating the gas distribution system operators that were managed by the Regional Gas Company of Dmytro Firtash.
“By the end of this year (we will complete the process,)” Oleksiy Chernyshov, head of the Naftogaz board, said in an interview with the Ekonomichna Pravda newspaper.
At the same time, he found it difficult to answer the question of how the debts to the GTS Operator of Ukraine of the regional gas companies transferred to the Naftogaz management will be repaid.
“I’m not ready to announce it before the process of integration of all regional gas companies is completed. We still need to figure out whose debts they are, who should be responsible for them, how they were created, and who should pay,” Chernyshov said.
As reported, at the end of May 2022, at the request of the State Bureau of Investigations (SBI), the court transferred the seized private corporate rights to 26 regional and city gas distribution system operators to the management of ARMA.

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