NAK Naftogaz of Ukraine welcomes the decision of the Cabinet of Ministers of Ukraine to increase the statutory fund company to 18.6 billion UAH, but notes that the decision does not solve completely the problem of the current fiscal deficit, since no real increase in free working capital, and allows only partially resolve the accumulated problems of the previous periods. This is the press-service NAK Naftogaz.
In particular, the consolidated income NAK Naftogaz in 2009 is projected at 100 billion UAH, and the book value of stocks will not be less than 50 billion UAH, while the amount of charter fund since its increase would be 24.2 billion UAH. A significant excess of the amount of working capital on its own can not fully solve the problem of financing for the injection of gas in the UGS and requires additional loan funds.
At the same time, the company believes that the Cabinet of Ministers of the decision significantly increases the likelihood of successful negotiations regarding the attraction of additional funds to ensure timely payments for imported natural gas.
NAK Naftogaz notes that the timely and full payment to suppliers of imported natural gas are now the primary task, the implementation of which is critical from the standpoint of ensuring energy security of Ukraine and the stability of gas transit to EU countries. At the same time, the violation of the terms of the settlement with Gazprom will lead to a shift in the form of advance payments for natural gas that would be extremely burdensome for the national economy of Ukraine.
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