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Naftogaz-Ukraine to enter Eurobond market in 2018 – CEO

The corporation expects significant interest from investors.
13:35, 21 March 2018

Open source

National joint-stock company Naftogaz-Ukraine plans to enter the Eurobond market in 2018 and expects investors to show considerable interest in the corporation, as the company sees profits, its investment and production growth and the company won the litigation with Gazprom, Naftogaz Ukrainy CEO Andriy Kobolev said on Bloomberg TV Europe, Interfax-Ukraine reports.

"We hope that Gazprom would execute the decision of the arbitration tribunal," he said.

Related: Naftogaz to meet with Gazprom in March

Kobolev also said that Ukraine and Naftogaz insist that Nord Stream 2 gas pipeline cannot be built, as Russia does not want to divide the politics and gas supplies. He said that last year the company increased natural gas production by 6%, and this year it plans to invest $2 billion and see some $1.5 billion of profit.

Kobolev said that Ukraine by 2020 could reach a production level that would allow the country not to import gas.

Related: Naftogaz wins lawsuit against Gazprom

On 5 March, the chief commercial officer of the Naftogaz group Yuriy Vitrenko said that the company has sufficient resources to purchase gas from Europe, as well as to enter the international financial market and issue Eurobonds.

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