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Government approves financial plan of NJSC Naftogaz of Ukraine, price of gas not expected to rise
19.07.2017 | 13:04

The Cabinet of Ministers of Ukraine, at its meeting on Wednesday, July 19, endorsed the financial plan of the National Joint Stock Company Naftogaz of Ukraine for 2017, which sets out conditions for preserving of financial soundness of the energy holding and won’t trigger soaring of gas price for consumers.

While presenting the decision, First Vice Prime Minister of Ukraine Stepan Kubiv stressed that all the objectives had been determined, while the adoption of the financial plan would allow to effectively manage the processes in the company. At the same time, at the suggestion of the Government, the Naftogaz of Ukraine in synergy with the Ministry of Economic Development and Trade, the Ministry of Finance and the Ministry of Energy and Coal shall adjust the revenue part of the plan "to comply with current prices". Head of Government Volodymyr Groysman urged to adopt the aforesaid decision. The decision got unanimous approval. Apart from that, the Government approved a list of expected performance variables for the Supervisory Board of Naftogaz of Ukraine.


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