J.P. Morgan delegation in Kyiv to explore Ukrainian energy sector investment opportunities

Naftogaz Group has invited US financial services giant J.P. Morgan to consider cooperating on projects to increase production and improve the transportation and storage of hydrocarbons as well as in the field of renewable energy.

Potential cooperation was discussed at a February 8 meeting in Kyiv between Naftogaz CEO Oleksiy Chernyshev and a high-level J.P. Morgan delegation.

Ukraine is a reserve for Europe's energy security. Therefore, attracting investment in the Ukrainian oil and gas sector is an issue that is to be addressed today without waiting for the war to end. Ukraine needs partners to help it rebuild. We look forward to cooperating with J.P. Morgan in this regard," commented Chernyshov.

The J.P. Morgan delegation included Anton Pil, Global Director of Alternative Asset Management; Stefan Weiler, Head of Debt Capital Markets in Central and Eastern Europe, Middle East and Africa; and Vince La Padula, Global Head of Lending and Deposit and CEO of JPM Wealth Workplace.

This Kyiv visit by representatives of a world-class financial institution is extremely important not only in terms of establishing cooperation. It is an expression of support for Ukraine, which is extremely important in time of war," added Chernyshov.

The Ukrainian Government recently appointed a new Naftogaz Supervisory Board to ensure transparency and control over the Company's operations. The Naftogaz team is also currently negotiating with holders of 2022 and 2026 Eurobonds.

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