Naftogaz definition
Examples of Naftogaz in a sentence
The deal arrived at – for the transit of 65 bcm in 2020, and 40 bcm/year in 2021-24, with Naftogaz providing transit services to Gazprom and booking capacity under Ukraine’s EU-compliant market rules – should provide a stable basis for transit for its duration.
Naftogaz chief business officer ▇▇▇▇ ▇▇▇▇▇▇▇▇ has said that, while the margin will not be publicly reported, it will be evident from the company’s 2020 accounts.15 These agreements have been made together with a shift to a new regulatory regime designed to align with EU rules.
Presidents of the Russian Gazprom and the Ukrainian Naftogaz Ukrainy ▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ signed the agreement on setting up the international gas consortium.
Naftogaz and GTSOU executives have stated that all Russian gas for transit to Europe will henceforth go via the Sudzha and Sokhranovka entry points; the former for the bulk of flows to the European market, the latter for flows to Moldova and Romania.
Naftogaz and GTSOU executives have confirmed that other companies can book capacity, just as Naftogaz has.
On 30 December 2019, Gazprom and Naftogaz Ukrainy signed agreements covering the transit of Russian gas through Ukraine for the period 2020-24.
While Naftogaz is the shipper of the gas, the Ukrainian transport system is now operated by a new, separate company, Gas Transmission System Operator of Ukraine (GTSOU), which has been unbundled from Naftogaz in line with European market principles.
The RAK Onshore Concession is bordered on the onshore-west by an onshore concession held by DNO International ASA, in the onshore-east by Block 17 in Oman operated by PetroTel Inc, in the south-east by an onshore Fujairah concession previously operated by Naftogaz Middle East LLC, and in the south-west by the Emirate of Umm-Al Quwain and the Crescent Petroleum concession in Sharjah.
Naftogaz Ukrainy and UrkGaz-Energo (a subsidiary of Naftogaz and RUE, in charge of selling Ukraine’s imported gas on the domestic market) pledged to reimburse $929 million to GazExport by November 1st.
Counsel for the Garnishee also cited Merchant International Co. Ltd v Natsionalna Aktsinerna Kompaniia Naftogaz Ukrainy3 to further illustrate that a debt not yet accrued cannot properly be made the subject of an attachment order.