Weekly news digest August 11-17, 2014


The last week Verkhovna Rada adopted a remarkable resolution by passing the bill No4116a On amendments to some laws of Ukraine on reformation of GTS management. In short, the law suggests splitting state company Ukrtransgaz into two separate companies, one of which will manage gas pipelines and the other – underground gas storages. It is also planned to establish joint ventures with the American and European companies to manage GTS. Herewith, the pipelines and storages will remain state property.



Ukrainian companies
Naftogaz knows who can replace Gazprom
The Cabinet of Ministers appointed the first Deputy Head of Naftogaz
It is expected to produce 100 BCM of gas more from Shebelinka gas condensate deposit
Naftogaz accumulates debt to Ukrgazdobycha
Foreign companies
SerinusEnergy increased its profit twice in the second quarter of 2014
Gazprom reduced the production plan for 2014
CubEnergy finished the half-year with a profit of $ 1.3 million
The reserves in UGS of Ukraine continue to grow
Ukraine will not put under a ban the transit of oil and gas from Russia through the territory of Ukraine, — Ukrtransnafta
Ukrtransgaz prepared to receive gas through Slovakia
Rada adopted the law on reform of the Ukrainian GTS management
Politics and the world
Ukraine will have to pay Tatneft
Yatsenyuk is objecting to cheap oil
Ukraine will remain the main transit country of the Russian gas to the EU — Bloomberg