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Naftogaz Group completes de-oligarchisation of regional gas companies

The integration of regional and city gas companies is fully completed.

Naftogaz Group completes de-oligarchisation of regional gas companies
Photo: oilreview.kiev.ua

In 2023, Naftogaz Group fully completed the integration of regional and city gas companies, its press service has said.

"This is a great responsibility as the number of our customers has increased significantly. However, it was a necessary step that affects the stability of critical infrastructure, business operations and the comfort of Ukrainians. Given the risks of constant shelling and possible blackouts, gas supply must be uninterrupted. I am grateful to everyone who works to supply our towns and villages with gas," Naftogaz CEO Oleksiy Chernyshov said.

According to him, operational control over regional enterprises has enabled the state not only to ensure uninterrupted gas supply, but also to put an end to various schemes that resulted in the state budget losing billions of hryvnyas.

Chernyshov noted that, according to preliminary estimates, next year's contributions to the state budget from gas distribution system operators will amount to more than UAH 5 billion.

"This is not only the preservation of 50,000 jobs and billions of deductions that will fill the state coffers. It is also an opportunity to control the quality of gas supply and a new convenient service for almost 10 million subscribers in the form of one clear bill," he concluded.

In early December, Naftogaz took control of the last regional gas company in western Ukraine, Ternopilgaz (previously part of tycoon Dmytro Firtash's regional gas companies).

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