NJSC Naftogaz received in managing the arrested shares of Donetskoblgaz

The Cabinet of Ministers adopted an order to transfer 49.9% of the shares of PJSC Donetskoblgaz, which were seized in criminal proceedings, to the management of NJSC Naftogaz of Ukraine. This order was adopted at a meeting on September 15, Ekonomichna Pravda reports.

The government agreed with the proposal of ARMA and the Ministry of Energy to transfer 173651998 shares to the NJSC – 24.9499% of shares owned by Endless Moonlight Limited, and the same number of shares owned by Trading Field Limited, the issuer of these shares is PJSC Donetskoblgaz.

These shares were seized in criminal proceedings.

Naftogaz, the Ministry of Energy and NEURC, together with the National Securities Commission and the AMCU were instructed to take measures "aimed at preventing the risk of a man-made emergency in the Donetsk region."

To recap:

On March 6, PJSC Donetskoblgaz stopped gas supplies to Donetskteplokommunenergo. According to Naftogaz, the total debt of Donetskteplokommunenergo exceeded UAH 1.5 billion.

On March 22, the SSU arrested a 49.99% stake in Donetskoblgaz.

On April 14, NEURC cancelled the gas distribution license of Donetskoblgaz.

Tags: The Cabinet of Ministers, Naftogaz, court, NEURC, heating season, Vitrenko, Gas market, облгаз, law, gas supplies, infrastructure, natural gas

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