Slovakia’s Nafta, a leading oil and gas company in the country with storage facilities of 2.74 billion cubic meters (bcm) of natural gas exploring fossil fuel fields on the Slovak-Ukrainian border, has said that the company wants to become a participant, investor and operator of the product sharing agreement (PSA) for the Yuzivske gas field (Kharkiv and Donetsk regions).
“Nafta is ready to become a participant in Yuzgaz as soon as the Cabinet of Ministers approves the assignment of rights and obligations from Nadra Yuzivska LLC to Yuzgaz and become the operator,” Deputy Director of the exploration and production department of Nafta and CEO of CNG LLC (Vovkove,Uzhgorod district) Martin Slovak said at a meeting of the interagency commission for PSA at the end of last week in Kiev. Slovak said that the previous week Nafta Board Chairman, the key owner of Czech energy group EPH (Energeticky a prumyslovy holding), Daniel Kretinsky met with Ukrainian Prime Minister of Ukraine Volodymyr Groysman.
Nafta wants to become an additional investor in Yuzgaz B.V. and the operator, which will implement the project, Slovak said. He added that the company is ready to take liabilities that previously Shell company took. Shell decided to leave the project later.
