NEWS

Yuzgaz B.V. discloses its beneficiaries

Yuzgaz B.V. discloses its beneficiaries

Yuzgaz press service
23 august 2017
On 22 August 2017, a meeting of the working group of the PSA Interagency Commission took place. The working group was created following the decision of the Commission made on 17 August 2017 to resume the review of the request from Nadra Yuzivska and Yuzgaz B.V. to the Cabinet of Ministers of Ukraine regarding assignment of Nadra Yuzivska’s participating interest in the Yuzivska PSA.

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Yuzivska Field: Supreme Administrative Court Recognized the Removal of Yuzgaz B.V. as Illegal

Yuzivska Field: Supreme Administrative Court Recognized the Removal of Yuzgaz B.V. as Illegal

Ukrinform / ukrinform.ua
13 july 2017
The Supreme Administrative Court of Ukraine upheld the decision of the courts of the previous instances, which found the government's unlawful refusal to give way to Yuzgaz B.V. share in the product sharing agreement in the development of Yuzivska Square.

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Court obliges government to resume consideration of Yuzgaz's application on Yuzivska field

Court obliges government to resume consideration of Yuzgaz's application on Yuzivska field

INTERFAKS-UKRAYINA / interfax.com.ua
Kyiv, 28 March 2017
Kyiv's district administrative court has declared unlawful the decision of Ukraine's Cabinet of Ministers not to allow Yuzgaz B.V. (the Netherlands) to participate in the product sharing agreement (PSA) on the Yuzivska field (Kharkiv and Donetsk regions) and obliged the government to resume the consideration of the company's application.

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Yuzgaz B.V. appealed to the Court against the decision made by the Cabinet of Ministers of Ukraine on November 2, 2016, in regards to refusal to assign Yuzgaz B.V. a part of stake in rights and obligations of the investor of Yuzivska PSA.

Yuzgaz B.V. appealed to the Court against the decision made by the Cabinet of Ministers of Ukraine on November 2, 2016, in regards to refusal to assign Yuzgaz B.V. a part of stake in rights and obligations of the investor of Yuzivska PSA.

Yuzgaz press service
December 15, 2016
On December 8, 2016, LLC “Yuzgaz B.V.” went to the court with a claim to the Cabinet of Ministers of Ukraine and the Ministry of Energy and Coal Mining of Ukraine, asking to recognize the decision of the Cabinet of Ministers of Ukraine dated November 2, 2016, on refusal of LLC "Nadra Yuzivska" and "Yuzgaz B.V." in assignment of rights and obligations of the investor of Yuzivska PSA (Production Sharing Agreement) as wrongful.

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Yuzgaz B.V. Commentary Concerning the Decision of The Government on Yuzivska Field

Yuzgaz B.V. Commentary Concerning the Decision of The Government on Yuzivska Field

INTERFAKS-UKRAYINA / interfax.com.ua
Kyiv, 9 November 2016
“Rome wasn`t built in one day, so we understand very well that the Government could not take an informed decision with respect to our project, having started working on our application one day before the deadline for this decision as povided for by the laws of Ukraine. Our proposal is over 200 pages of text with a large number of technical and financial nuances and provisions. Adequate examination of such a document requires time and, probably, consultations and negotiations with the applicants.

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Press release of 01.11.2016

Press release of 01.11.2016

Yuzgaz press service
Kyiv, 1 November 2016
Kyiv, 1 November, 2016. A meeting headed by the Head of the Interagency Commission on the Organisation of the Implementation of Production Sharing Agreements Minister of Energy and Coal Industry Igor Nasalyk took place today. Nadra Yuzivska LLC, the investor according to the provision of the Agreement on the Sharing of Carbohydrates To Be Produced Within the Yuzivska Field, dated 24.01.2013 (herainafter “Agreement” or “PSA”), and Yuzgaz B.V., which was determined as the winner of the competition on the engagement of an investor for the implementation of the Agreement, which was held by Nadra Yuzivksa LLC, were invited to the meeting.

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There are currently no investors standing in line for Ukraine - says Yuzgaz B. V. executive Yaroslav Kinakh

There are currently no investors standing in line for Ukraine - says Yuzgaz B. V. executive Yaroslav Kinakh

Information portal delo.ua
October 27, 2016
Due to war, corruption and overregulative legislation, Ukraine should not expect big and transparent investment in its economy. This was the advice given by Yaroslav Kinakh, CEO of YuzGaz B. V., which has recently won a tender for Yuzivska gas field exploration – a perspective Ukrainian shale gas production field.

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STATEMENT FOR THE PRESS

STATEMENT FOR THE PRESS

Yuzgaz press service
October 10, 2016  
There have recently been many enquiries about officials in Emerstone Capital Partners and the Emerstone Energy Fund, particularly their private telephone numbers, email addresses and their status in these entities. In this context we wish to inform that Mr Tim Elliott is a member of the Board of Directors of Emerstone Capital Partners S.A. 

YUZGAZ PLEDGES TO INVEST UP TO 30 MILLIONS INTO YUZIVSKA FIELD IN THE FIRST YEAR

YUZGAZ PLEDGES TO INVEST UP TO 30 MILLIONS INTO YUZIVSKA FIELD IN THE FIRST YEAR

Ekonomichna Pravda / pravda.com.ua
October 7, 2016
Yuzgaz B.V. company (the Netherlands) intends to invest 25-30 mln US dollars into the drilling of an exploration well during the first year of its operations in Yuzivska field, providing the relevant agreement is signed.

What is the benefit of Yuzgaz’ market entry?

What is the benefit of Yuzgaz’ market entry?

«Publishing House «Media DK» / biz.nv.ua
September 7, 2016
Not long ago «Yuzgaz» company obtained a license to extract shale gas. Yet, there have already been thoughts on the market that this company has an obscure history, and it is unclear how it acquired the license. First of all, there was a contest held, with this company winning the bid and obtaining the right to sign off the deal on product sharing, on the basis of this contest. Namely, the company has offered best conditions (as the result of the contest it has won).

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Yuzgaz B.V. fulfilled all requirements of the competitive tender on Yuziska field in full

Yuzgaz B.V. fulfilled all requirements of the competitive tender on Yuziska field in full

INTERFAKS-UKRAYINA / interfax.com.ua
August 12, 2016
Kyiv, 12 October 2016. Taking into account the numerous statements of the Members of Parliament, government officials, experts and news agencies regarding Yuzgaz B.V. company, its participation in the competitive tender on the engagement of an investor for the implementation of the Shared Hydrocarbons Agreement, which will be explored within the Yuzivska field, and the content of the tender application, which contain distorted and incorrect information, as well as unfounded allegations with respect to the company, Yuzgaz B.V. informs.

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«NADRA UKRAYINY» chose an investor for Yuzivska field, now it is Cabinet of Minister’s turn to conclude the agreement - Yaroslav Klymovych

«NADRA UKRAYINY» chose an investor for Yuzivska field, now it is Cabinet of Minister’s turn to conclude the agreement - Yaroslav Klymovych

UKRAINE CRISIS MEDIA CENTER / UACRISIS.ORG
August 10, 2016
Kyiv, August 10, 2016. The contest for attracting investor to extract hydrocarbons in Yuzivska field (Donetsk and Kharkiv regions) is now over. The winner is Yuzgaz B.V., which is a subsidiary company of Emerson Energy, based in Luxembourg. Yet, the final decision on the assignment of rights and obligations under the product sharing agreement (PSA) rests with the Cabinet of Ministers of Ukraine. The government has 90 days to make a decision. Such statement was released by Yaroslav Klymovych, Head of the Board of the National Joint Stock Company «Nadra Ukrayny», at a briefing at the Ukraine Crisis Media Center. According to Klymovych, the following three

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SCHLUMBERGER TO BECOME YUZGAZ’ TECHNICAL PARTNER WITHIN PRODUCT SHARING AGREEMENT

SCHLUMBERGER TO BECOME YUZGAZ’ TECHNICAL PARTNER WITHIN PRODUCT SHARING AGREEMENT

INTERFAKS-UKRAYINA / interfax.com.ua
August 10, 2016
Yuzgaz B.V. (the Netherlands), which won the investment bid to realize the product sharing agreement (PSA) for extraction of hydrocarbons in the Yuzivska field (Donetsk and Kharkiv regions), attracted the multinational company Schlumberger as a technical partner - reported Viktor Nazarkevych, director of LLC «Nadra Yuzivska»

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Investor for Yuzivska field: what did three bidders offer?

Investor for Yuzivska field: what did three bidders offer?

Information portal delo.ua
August 10, 2016
The contest for investor search to realize the product sharing agreement (PSA) on the extraction of hydrocarbons on Yuzivska field was held transparently and competitively. So says the head of the LLC «Nadra Yuzivska» Yaroslav Klymovych.

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Yaroslav Kinakh: «Currently there are no Ukrainians among investors of Emerstone»

Yaroslav Kinakh: «Currently there are no Ukrainians among investors of Emerstone»

«Dzerkalo Tyzhnya. Ukrayina» / zn.ua
August 6, 2016
Number of questions and concerns have emerged after the newly-created project company Yuzgaz won the bid to «substitute» the Royal Dutch Shell in exploration and development of Yuzivska gas field. What kind of a company would dare to try its luck somewhere, where a world’s reputed one has failed? Is it, by any chance, a copy of «SPK-Geoservis?» What are the plans of its founders and investors? Who will pay for the exploration of Yuzivska field? And, if the extraction, but not the future resale of this project is the true aim of «Yuzgaz» investors? These and many other questions by DT.UA were posed Yaroslav Kinakh, founder of Emerstone Energy investment fund, who stepped up to invest in «Yuzgaz» project in Ukraine.

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DUTCH «YUZGAZ» WILL INVEST $200 MLN IN GAS EXTRACTION IN YUZIVSKA FIELD

DUTCH «YUZGAZ» WILL INVEST $200 MLN IN GAS EXTRACTION IN YUZIVSKA FIELD

«Dzerkalo Tyzhnya. Ukrayina» / zn.ua
August 6, 2016
Official reports about organization and realization of the contest to choose an investor to fulfill product sharing agreement (PSA) on Yuzivska field say little about the actual state of affairs. Another thing documents - they are available for DT.UA.

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WHO WILL EXTRACT SHALE GAS ON YUZIVSKA FIELD

WHO WILL EXTRACT SHALE GAS ON YUZIVSKA FIELD

Hromadske TV Channel / hromadske.ua
August 5, 2016
Yaroslavl Kinakh, founder of Yuzgaz company, which has won the bid to develop Yuzivska gas field, told Hromadske about how the bid was carried out, what are company’s plans and how much money will be invested in Ukraine.

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DUTCH COMPANY WILL SPEND $200 MLN TO EXTRACT SHALE GAS IN UKRAINE

DUTCH COMPANY WILL SPEND $200 MLN TO EXTRACT SHALE GAS IN UKRAINE

HROMADSKE TV CHANNEL / hromadske.ua
August 5, 2016
Yuzgaz, which had won the contest to realize the project of shale gas extraction in eastern Ukraine will invest $200 mln over five years. Such statement was released by the founder of Yuzgaz company Yaroslav Kinakh at an interview with Hromadske TV. «We promise and guarantee that over first five years on this field we will spend $200 mln. This is a large sum of money. Maybe it is not so large from the government’s perspective, but from the point of view of foreign investors it definitely is. Because now, we have to admit, there is no long queue to invest in Ukraine,» he told.

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KINAKH: DEVELOPMENT OF YUZIVSKA SHALE GAS FIELD IS A PROMISING INVESTMENT

KINAKH: DEVELOPMENT OF YUZIVSKA SHALE GAS FIELD IS A PROMISING INVESTMENT

NEWSONE TV CHANNEL
August 4, 2016
Guests in the studio - a member of "Emerstone" private equity fund board of directors Yaroslav Kinakh.

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