NJSC "Naftogaz of Ukraine" has Established "Naftogazmerezhi" Subsidiary Company

On August 4, 2009, in pursuance of the Resolution of the Cabinet of Ministers of Ukraine No. 775 dated June 10, 2009, "On Increase of Effectiveness of Management of the State Property within Gas Distribution Networks", NJSC "Naftogaz of Ukraine" (in accordance with the Articles of Incorporation of the Company, as well as in consultation with the Ministry of Fuel and Energy of Ukraine), have completed establishment of "Naftogazmerezhi" Subsidiary Company (SC).

In accordance with provisions of the Resolution No. 775, the gas distribution networks' property (distribution gas pipelines, structures and facilities on these pipelines, special-purpose means of transportation, as well as design specifications and estimates and turnover documentation), which, according to the laws of Ukraine, is in the state ownership and is not subject to privatization, will be transferred to the balance books of this Subsidiary Company. To date, the state property (in the form of gas distribution networks, structures and facilities on these networks, and technical documents) is registered in the balance books of 43 regional gas distribution and supply enterprises, as well as subsidiary companies of NJSC "Naftogaz of Ukraine".

Therefore, "Gaz Ukrainy" SC and "Naftogazmerezhi" SC will ensure continuous and trouble-free delivery and transportation of natural gas to households, budgetary institutions, and subjects of business activity on condition of strict observance of requirements of Article 41 of the Constitution of Ukraine.

Deputy Chairman of the Board of NJSC "Naftogaz of Ukraine" Vitaliy Hnatushenko was appointed to the position of Manager of "Naftogazmerezhi" SC. At the same time, there is special Task Group in NJSC "Naftogaz of Ukraine"; First Deputy Chairman of the Board of the Company Andriy Lopushanskiy is manager of this Group; goal of this Group is to ensure efficient implementation of provisions of the Resolution of the Cabinet of Ministers No. 775.

NJSC "Naftogaz of Ukraine" believes that establishment of "Naftogazmerezhi" SC will promote efficient utilization and development of gas distribution networks, improve financial and settlement discipline in the sphere of distribution and supply of natural gas, and create conditions for transparent operation of the national gas market.

Press center NJSC "Naftogaz of Ukraine"

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