Nadra Ukrayny is set to acquire Eni's 50.01% share of Westgasinvest (WGI), to increase its stake to 85%, after the Antimonopoly Committee of Ukraine cleared the proposed transaction on 10 October 2018. During Q4 2017, Eni advised its WGI joint venture (JV) partners - Nadra and Cadogan Petroleum - that it would withdraw, subject to ongoing negotiations. Eni's planned exit from WGI puts the entire project in jeopardy. WGI is a shale gas focussed JV which was formed in 2012, and currently holds the Debeslavetska Production, Filimonivska, Kurinna, Sandugeyivska, and Yakovlivska permits in Western Ukraine. WGI has already surrendered three of its original nine permits - Debeslavetska Exploration, Reklynetska, and Zhuzhelianska blocks. Pending approval and execution of Eni's exit, Westgasinvest LLC partners are Eni (50.01%), the state company Nadra Ukrayny (34.99%), and Cadogan Petroleum (15%).<P />
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