Business news from Ukraine

Ukraine plans to produce this year 18.5 bln cubic meters of gas

29 July , 2022  

Ukraine plans to produce 18.5 billion cubic meters in 2022. meters of gas, which is 6.6% (1.3 billion cubic meters) less than in 2021, said Deputy Energy Minister Nikolai Kolesnik.
“Based on the volume of actual production that is today, the forecast volume for this year is approximately 18.5 billion cubic meters. This is without taking into account potential losses,” he said in Kyiv on Thursday.
Kolesnik specified that today the daily gas production in the country is 49.5 million cubic meters. m, while before the start of the war it was about 55 million cubic meters. m. At the same time, companies are not yet able to fully carry out new drilling and workover of wells, but only maintain the maintenance of the existing said fund. This is due to the use of equipment that from the air can look like a military one.
According to him, the gas consumption forecast for 2022 is about 21 billion cubic meters. The Deputy Minister clarified that this forecast is based on the consumption profile of previous years, while in the conditions of war and the resettlement of people it is difficult to say exactly what consumption will be.
As reported, natural gas production in Ukraine in 2021 amounted to 19.8 billion cubic meters. m, incl. private companies – 5 billion cubic meters. m.