Business news from Ukraine

Naftogaz enterprises increased gas production by 7%

6 August , 2024  

In January-July 2024, JSC Ukrgasvydobuvannya and PJSC Ukrnafta increased commercial gas production by 7% compared to the same period last year, to 8.6 bcm, the press service of Naftogaz Group reports.

According to the press service, these figures also exceed the group’s production plan by 2%.

“The Group’s companies are increasing gas production by launching new high-performance wells, introducing new technologies and working effectively with the old stock. We exceeded our targets by 2%. The work continues not only in the central and western regions, but also in the eastern ones, despite all the military challenges,” said Oleksiy Chernyshev, CEO of Naftogaz.

As reported, in January-June 2024, UGV and Ukrnafta increased commercial gas production by 8% compared to the first half of last year – up to 7.3 bcm.

Naftogaz’s consolidated quarterly report says that the group’s forecasted commercial gas production for 2024 is expected to reach 14.6 bcm. In February, Chernyshov emphasized that the group’s goal for this year is to get closer to 15 billion cubic meters.

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