Business news from Ukraine

Ukrgasvydobuvannya’s rent payments exceeded UAH 10 bln

20 June , 2023  

JSC “Ukrgasvydobuvannya” (UGV) transferred UAH 10.1 billion of rent payments to the consolidated budget of the country as of January-May 2023, which is 1.89 billion more than in the first four months of the year (8.21 billion UAH), the company said on its website on Monday.
“Of this amount, 5% or 505.7 million UAH will go to the budgets of local and regional levels in 11 regions where the company produces hydrocarbons,” the UGV informed.
The rent money will be allocated among the regions as follows: Kharkiv region – 243.48 million UAH, Poltava region – 214.2 million UAH, Lviv region – 23.28 million UAH, Dnipropetrovsk region – 13.71 million UAH, others – 11 million UAH.
At that, the company reminded that the amount of rent payments is calculated in accordance with the sales price of natural gas by Ukrhazvydobuvannya in favor of Naftohaz Ukrainy.
As previously reported, Ukrhazvydobuvannya intends to increase its own extraction of natural gas in 2023 by 1 billion cubic meters, to 13.5 billion cubic meters. In 2022, the company produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021.
Naftohaz Ukrayiny owns 100% of Ukrhazvydobuvannya shares.