Andrew Favorov

Head of integrated gas business at Naftogaz Ukraine


Andrew Favorov is responsible for increasing value in Naftogaz’s key business division. His priority is to optimize costs and maximize ROIC in segments like purchase of domestically produced and imported gas, gas transmission and storage, and gas trading in Ukraine.

Andrew Favorov has vast experience in managerial positions with both American and Ukrainian companies, including DTEK ContourGlobal and AES Corporation where he implemented wide-scale projects with high capitalization. Having left the post of Commercial Director at DTEK energy holding, he founded Energy Resources of Ukraine (ERU), a company that has grown swiftly to one of the leading gas traders in the Ukrainian market.

Andrew Favorov obtained Master of Business Administration at Georgetown University and Bachelor of Science in Psychology at Georgia State University. He also volunteered at Central Georgia Mental Hospital and USAID projects in Kazakhstan.

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