Naftogaz CEO Anticipates Tough Winter in Ukraine

Bloomberg published on article on the daunting task that’s currently being faced by Andriy Kobolyev, CEO of Naftogaz, Ukraine’s state gas company.

As quoted in the market news:

With tensions rising daily between Russia and Ukraine, Kobolyev… must try to negotiate a continued flow of gas from its Russian supplier OAO Gazprom (OGZD), weed out graft and corruption, and find alternative supplies from the European Union. Perhaps most painfully, he may have to raise energy prices for Ukrainian consumers.

‘This winter is going to be very difficult,’ said Kobolyev after traveling to Slovakia to ceremonially start the first flows of gas from the EU into Ukraine.

Click here to read the full Bloomberg article.