Both Ukraine and France will benefit if French energy companies increase the volume of gas they store in Ukraine's UGS (Underground Gas Storage) this year, Naftogaz Group CEO Oleksiy Chernyshov said during meetings with French partners held on March 13-14.
Naftogaz Group company Ukrnafta will now operate under the control of the newly elected supervisory board featuring three independent members and two shareholder representatives appointed by the Ukrainian Ministry of Defense of Ukraine and Naftogaz.
The Ukrainian Parliament has approved a new Corporate Governance Reform Bill that aligns Ukrainian legislation with OECD standards. The bill was passed with 262 votes in favor on February 22.
Naftogaz Group sells natural gas of its own production and imported gas for the needs of the population, business and the heat industry. The sale of natural gas by Naftogaz Group companies is regulated by the Law of Ukraine “On the Natural Gas Market”