Ni - V - O series catalysts for the oxidative dehydrogenation (ODH) of propane were prepared and characterized by BET, XRD, H-2- TPR, O-2-TPD-MS and electrical conductivity. At 425 degreesC a C3H6 selectivity of 49.9% was observed on Ni0.9V0.1OY at a C3H8 conversion of 19.4%, and the obtained selectivity is almost two times higher than that over NiO at the roughly same conversion of C3H8. The mobile oxygen species created by the interaction of NiO and V2O5 has been found in the composite catalysts by O-2-TPD-MS and electrical conductivity studies, which seems to be responsible for the enhanced selectivity of the propane oxidative dehydrogenation.