Naftogaz Group stated Wednesday it’s going to proceed delivering pure fuel to households in Ukraine on the present regulated price underneath its mounted tariff plan.
The worth will stay at UAH 7.96 ($0.19) per cubic meter till April 2026 to replicate the present moratorium on elevating pure fuel tariffs, the state-owned oil and fuel firm stated in a web-based assertion.
Nevertheless, the corporate added, “Naftogaz additionally encourages customers to pay their payments on time”. Performing chief govt Roman Chumak added, “These funds assist keep the nation’s power stability within the face of ongoing assaults on vital infrastructure”.
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“Supplying fuel to households stays a core precedence. We proceed to make sure secure supply and meet our obligations to customers, even in essentially the most vital situations”, stated Chumak.
Naftogaz stated it stays a dependable fuel provider for 12.5 million households. In line with the corporate it led Ukraine by means of final winter with out fuel blackouts.
“Dangers peaked in February, when large-scale Russian missile assaults on fuel manufacturing amenities led to the sudden lack of almost half of the state’s output. These occasions created an ideal storm that might have prompted a nationwide fuel blackout at any second”, in line with an organization report Monday that stated 34 of Naftogaz’s fuel manufacturing websites had been attacked in 2024-25.
The report stated for subsequent winter Naftogaz has contracted 400 million cubic meters of fuel. “Because the starting of the 12 months, 1.5 billion cubic meters of fuel have been contracted: 800 million cubic meters had been urgently imported early within the 12 months, 400 million cubic meters might be delivered to Ukraine as a part of the winter readiness plan”, Chumak stated. “As well as, Naftogaz bought 300 million cubic meters of LNG from ORLEN”.
Naftogaz had signed an LNG cooperation take care of Poland’s majority state-owned ORLEN SA to assist Ukraine diversify its power provide. “The settlement is a framework association geared toward strengthening cooperation to reinforce Ukraine’s power safety by means of the diversification of fuel provide sources and routes to the nation”, ORLEN stated in a press launch March 7.
Chumak added an extra 1 billion cubic meters would “quickly” be imported into Ukraine utilizing EUR 430 million ($489.62 million) from Norway and the European Financial institution for Reconstruction and Growth (EBRD).
Chumak additionally stated, “The corporate can also be in talks with the Authorities and worldwide monetary establishments to boost an extra EUR 1 billion to purchase over 2 billion cubic meters of fuel”.
Moreover Naftogaz is working to allow this 12 months an extra 177 megawatts of capability for backup energy, sufficient to produce greater than 500,000 Ukrainians, in line with Chumak.
Naftogaz has stated regardless of assaults it continues to be a key contributor to Ukraine’s price range. It paid UAH 88.6 billion in taxes in 2024. Moreover it remitted UAH 15.7 billion in dividends to the state for final 12 months, as reported by the corporate January 10, 2025.
Naftogaz’s newest earnings report confirmed it had UAH 24.4 billion in web consolidated revenue for the primary half of 2024, up almost 4 occasions in comparison with the identical interval 2023.
Naftogaz’s consolidated working revenue for January-June 2024 was UAH 28.9 billion, greater than double the UAH 14 billion generated for a similar interval 2023.
“Naftogaz Group’s vital enhancements in monetary outcomes had been pushed primarily by elevated revenues from the sale of fuel, oil, petroleum merchandise, and pure fuel distribution providers”, it stated September 26, 2024.
Naftogaz ended the interval with UAH 227.86 billion in present belongings together with UAH 86.17 billion in money and financial institution balances. Its present liabilities totaled UAH 144.83 billion together with UAH 50.15 billion in borrowings.
In 2024 Naftogaz produced 13.9 billion cubic meters (490.87 billion cubic ft) of fuel, up from 13.2 Bcm in 2023.
To contact the writer, electronic mail jov.onsat@rigzone.com
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