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 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”