The Supervisory Board of Naftogaz of Ukraine has appointed Sergii Fedorenko, Commercial Director of Naftogaz Group, as Acting Chairman of the Executive Board.

Argent LNG, LLC, developer of a 25 million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal at Port Fourchon, Louisiana, and Naftogaz Group, Ukraine’s largest oil and gas holding, signed a Memorandum of Understanding (MoU) establishing a framework agreement to explore long-term U.S. LNG offtake, transportation, and distribution cooperation serving Ukraine and Central, Eastern, and Southern European markets.

Naftogaz Group has restructured two series of eurobonds with a total outstanding value of approximately €1.2 billion. The restructuring was approved by more than 90% of bondholders of each series.

Naftogaz continues to enforce the recovery of over $1.4 billion from the Russian company Gazprom awarded by international arbitration. The company is utilising every legal mechanism available in various jurisdictions including Kazakhstan.