Weekly News Digest November 10-16, 2014

The key news in the new issue of digest is Government’s resolution №596 that obliges large industrial companies to cancel acting current agreements for gas supplies and start purchasing gas from NJSC Naftogaz of Ukraine exclusively. This one more hit of the Cabinet of Ministers directed on the upstream draw a massive response in business sphere.

Ukrainian companies
Ukrgazvydobuvannya threatened to stop production
Nationalization of Chernomorneftegaz will block up investors’ access to the sea shelf
Naftogaz may get functions to develop gas income and distribution balance
Fiscal Service will force Ukrnafta to pay 2 billion UAH
Ukrgazdobycha because of the Ministry of Energy and Coal Industry and the Ministry of Economic Development and Trade is generating losses of one million UAH per day
Private producers threaten to stop production this winter - media
Foreign companies
BurismaHoldings for 10 months of 2014 increased gas production in Ukraine by 58%
Rosneft prevented BakerHughes and Shlumberger from taking part in tender to operate Sakhalin shelf
GOLDEN DERRICK may take on shale production in Poltava
Gas reserves in UGS of Ukraine reduced by 6.5% since the beginning of the heating season
In 2014, the industry reduced gas consumption by 43% - Naftogaz
One of oil and gas areas was withdrawn from the auction on November 12
The State Service of Geology and Mineral Resources of Ukraine sold through auction
7 special permits for subsoil use to the total amount of 7 million 817 thousand UAH
Politics and world
Yatsenyuk was reminded investors cannot be ousted from Ukraine
Experts have criticized severely the innovations of the Cabinet of Ministers in producing industry
Andrey Kobolev: It is a myth everybody will die without Russian gas