Annual report "Naftogaz Ukraine" 2014

This is the first integrated report released by Naftogaz, the largest company in the country that attracts a lot of public attention. For many years, it was used for political purposes, was unprofitable, while its officials were involved in scandals.

In 2014, new management was appointed to the company, which decided to reform Naftogaz and the Ukrainian gas market. The 2014 Annual Report describes the problems Naftogaz faces on its path and shows how it tries to overcome them. We also explained why an unpopular step like tariff increase is necessary for reforming the company and the market.

The report was prepared for the stakeholders of the company — Ukrainians. It contains honest and clear explanations, answers important questions, breaks myths about the company.

To make finding answers easier the report contains an infographic with facts about the company, a roadmap for reforms, an explanation of the importance of the market price for gas, optimal corporate governance structure, gas balance, gas market, Ukraine's place on the gas map of Europe, Naftogaz financial indicators etc.