Business news from Ukraine

Ukrgasvydobuvannya paid almost UAH 16 bln in rent payments to budget

20 September , 2023  

In January-August 2023, Ukrgasvydobuvannya JSC (UGV) paid almost UAH 16 billion in rent payments, the company’s press service said on Tuesday.

According to the press service, UAH 792.1 million, or 5%, of this amount went to the budgets of the local and regional levels where the company operates.

From January to August 2023, the budgets of Kharkiv and Poltava regions received the largest payments – UAH 385.67 million and UAH 332.72 million, respectively.

The amount of rent payments is calculated in accordance with the sale price of Ukrgasvydobuvannya’s natural gas in favor of Naftogaz of Ukraine.

As reported earlier, Ukrgasvydobuvannya aims to increase natural gas production by 1 bcm in 2023 to 13.5 bcm. In 2022, UGV produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

,