Cabinet approves extension of Naftogaz contract with Kobolev

Source : 112 Ukraine

Official's contract was extended for 4 years
22:19, 21 March 2020

112 Agency

The Cabinet of Ministers of Ukraine approved the extension of the contract with Andriy Kobolev - Chairman of the Board of Naftogaz National Joint Stock Company. This was reported by the press service of the government.

"Agree with the proposal of the Supervisory Board of the Naftogaz Ukraine National Joint Stock Company to extend the term of office of the chairman of the board Kobolev from March 23, 2020 to March 22, 2024," the government said.

We recall that Naftogaz itself extended the contract with Kobolev on March 16 and was waiting for the approval of the government.

Related: Naftogaz extended contract with Kobolev for four years

Earlier Antimonopoly Committee of Ukraine (AMCU) has started considering the case against Naftogaz-Ukraine on the violation of the Law on Protection of Economic Competition in the form of abuse of monopoly position in natural gas markets. This was reported on the AMCU’s website.

It was stated that since November 1, 2018, Naftogaz had set natural gas prices at a certain level that would not be possible in the conditions of considerable competition.

Naftogaz has set prices for industrial consumers that are higher than those in the competitive environment, in particular on the results of electronic bidding at the Ukrainian Energy Exchange and at European hubs for gas delivery to the Ukrainian border (NCG),” the message reads.

As we reported earlier, in March 2020, JSC Naftogaz-Ukraine reduced natural gas prices for industrial consumers and other business entities.

Related: Decision on certification new operator of Ukrainian gas transmission system by European Energy Community is expected on December 26, - Kobolev

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