Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Ukraine has appointed a new supervisory board to oversee state-owned natural gas monopoly Naftogaz, Prime Minister Denys Shmyhal said on Jan. 24, meeting a requirement of a financial assistance program from the International Monetary Fund.
Shmyhal told a government meeting that the new board consisted of four independent members and two representatives of the state, according to a video of the meeting posted on his Telegram channel.
Ukraine's economy is heavily dependent on foreign aid since Russia launched a full-scale invasion of the country on Feb. 24.
Naftogaz is Ukraine's largest national oil and gas company and its subsidiary, Ukrtransgaz, operates a pipeline system that carries Russian gas to Europe.
Naftogaz's recently appointed CEO, Oleksiy Chernyshov, promised late last year to boost international investors' confidence in the firm.
One of Chernyshov's predecessors is currently under investigation by Ukraine's anti-corruption authorities on suspicion of embezzling the equivalent of around $10 million.
Recommended Reading
Oil Dips as Demand Outlook Remains Uncertain
2024-02-20 - Oil prices fell on Feb. 20 with an uncertain outlook for global demand knocking value off crude futures contracts.
Global Oil Demand to Grow by 1.9 MMbbl/d in 2024, Says Wood Mac
2024-02-29 - Oil prices have found support this year from rising geopolitical tensions including attacks by the Iran-aligned Houthi group on Red Sea shipping.
What's Affecting Oil Prices This Week? (March 18, 2024)
2024-03-18 - On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.
Exclusive: Renewables Won't Promise Affordable Security without NatGas
2024-03-25 - Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.
Commentary: Are Renewable Incentives Degrading Powergen Reliability?
2024-02-01 - A Vistra Corp. chief, ERCOT’s vice chairman and a private investor talk about what’s really happening on the U.S. grid, and it’s not just a Texas thing.