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Naftogaz takes over another two of Firtash's gas distribution companies. On Oct. 20, Gas Distribution Networks of Ukraine LLC (Gazmerezhi brand), a Naftogaz subsidiary, reported that Volyngaz came under state control and joined Naftogaz Group. According to the company, this was driven by the need to address strategic energy challenges in the event of hostile attacks on the grid. ....
The state wants to take away Naftogaz’s right to decide on its subsidiaries’ dividends. The draft law on the 2024 state budget (Draft Law No. 10000) proposes that entities in which 50 percent or more of shares are owned by Naftogaz must pay their 2023 dividends directly to the state budget. Naftogaz is carved out individually in this draft law, which is considered to be a poor practice. ....
People in Ukraine are bracing themselves. Following the first mass attack on Ukraine’s energy system in six months on Sept. 21, the question on everyone’s mind is if Russia is planning a renewed missile and drone strike campaign aimed at crippling Ukraine's energy network. At one point after Russia launched around 100 missiles primarily at the energy infrastructure on Nov. 15, 2022, almost half of Ukraine’s energy system was down. ....
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