Court obliges Naftogaz to return stake in UkrGaz-Energo to company
The economic court in Kyiv has obliged national joint-stock company Naftogaz Ukrainy to return a 50% stake in closed joint-stock company UkrGaz-Energo to the company.
The ruling, a copy of which has been sent to Interfax-Ukraine, was issued on June 26, 2013.
"[The court] obliges Naftogaz Ukrainy to return 2,500 ordinary nominal shares of the closed joint-stock company with the face value of UAH 1,000 each to CJSC UkrGaz-Energo," reads the ruling.
Kyiv-based Oschadbank as a depositee of the securities is obliged to transfer 2,500 shares in UkrGaz-Energo from the Naftogaz Ukrainy's accounts to the accounts of the closed joint-stock company.
As reported, UkrGaz-Energo was established in February 2006 in fulfillment of Russian-Ukrainian agreements to organize a new system for supplying Ukraine with Central Asian and Russian Gas, which were reached in Moscow on January 4, 2006.
Gazprom, Naftogaz and RosUkrEnergo AG struck an agreement to create a joint venture for sales within Ukraine of natural gas from Russia - that is, all of the gas supplied to Ukraine. Naftogaz and RosUkrEnergo got 50% each of the company's shares.
At the beginning of 2008, Naftogaz and Gazprom agreed to make changes to the existing scheme of Central Asian and Russian gas supplies to Ukraine, excluding UkrGaz-Energo from that scheme.
The closed joint-stock company continues trade with natural gas, selling 648.673 million cubic meters of gas in 2012, which is 22.3% down on 2011 (835.355 million cubic meters).
