Statement of Oleg Dubyna, the NJSC “Naftogaz of Ukraine”’ s Chairman

On behalf of the NJSC ‘Naftogaz of Ukraine” and me personally I do insist that politicians, experts and representatives of mass media from different states to stop hysteria creating in community around the Company’s activity in domestic and foreign markets. The world financial crisis destroys economies of countries, large corporations and budgets of ordinary citizens. The NJSC “Naftogaz of Ukraine” goes as well through some complications in its work. However, the Company does its best to overcome obstacles and to fulfill its Charter’s tasks in compliance with the effective laws and regulations.

In May, 2009 the Company has purchased 2 376 billion cubic meters of the Russian gas from Gazprom Open JSC, including volumes required for injection to underground storages, for the amount of 646.8 million USD. The NJSC “Naftogaz of Ukraine” makes all its efforts to fulfill its commitments and will settle its accounts with Gazprom Open JSC in time. I am emphasizing once more that rumors about the Company’s catastrophic state are the only rumors.

Presently the SC “Ukrtransgas” and SJSC “Chornomornaftogaz”’s underground storages hold above 19 billion cubic meters of natural gas. We started the process of natural gas injection to the underground gas storages from the 7th of April, it will allow us to maintain the heating season as well as continuous and accident–free transit of the Russian gas to the European countries.

The NJSC “Naftogaz of Ukraine” as the largest oil and gas company of Ukraine has nobody been spreading panic neither among its business partners nor among consumers of natural gas in Ukraine. People of our country and industrial enterprises can be comfortable and confident in the NJSC “Naftogaz of Ukraine”’s economic stability. But, the Company, in its turn, calls for the adequate attitude towards its commitments from foreign partners and domestic consumers, especially in connection with complete and timely settlements for the consumed gas.

I would like to note that the only further consolidation and coordinated cooperation of all the governmental authorities would enable the NJSC “Naftogaz of Ukraine” to ensure henceforce the duly level of energy security of our state and the whole European continent.

Press Center NJSC “Naftogaz of Ukraine”

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