Ukrtransgaz signed an agreement on settlement of mutual obligations with ERU Trading for UAH 1,47 billion
Ukrtransgaz enters into an agreement with ERU Trading LLC on UAH 1.47 billion debt restructuring, write-off of accrued fines, and other mutual claims.
The deal between ERU Trading and Ukrtransgaz reconciles claims to the Government of Ukraine by the Overseas Private Investment Corporation (OPIC) to redress losses alleged. Since the contracts for the supply of gas by ERU Trading to Ukrtransgaz are covered by insurance from OPIC, a semi-governmental agency that helps US companies to invest in emerging markets. Despite the hardships, Ukrtransgaz and NJSC Naftogaz of Ukraine continue to seek ways to resolve the situation arising from shortage of funds at Ukrtransgaz caused by the NKREKP's (state regulator) lowered-down tariffs set for the GTS Operator, as well as unauthorized offtakes of natural gas by Oblgasses [regional gas distribution companies-Ed] as numerously abusing Ukrtransgaz' pipeline transmission networks.
One may recall, Ukrtransgaz indepted UAH 4.8 billion to suppliers for technology gas procurements to support daily operations of GTS Operator .
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019
Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019
The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.