The head of the board of the state oil and gas company Naftogaz insists that Ukraine needs to preserve at least some gas transit. Oleksiy Chernyshov, chairman of the Board of Naftogaz of Ukraine, called the proposal with the transit of Azerbaijani gas the main one of the two alternatives that Ukraine is currently considering. … Read more
Naftogaz, Ukraine’s state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22. This represents almost 76% of the projected target of 13.2 bcm, which Naftogaz was tasked to accumulate by Nov. 1. The figure of 13.2 bcm goes beyond … Read more
Ukraine and the EU have approached Azerbaijan to discuss supplying natural gas to Europe via Ukraine once an existing contract with Russia expires at the end of 2024, President Ilham Aliyev said. All sides — including Ukraine, the EU, and Russia — are interested in continuing gas transit, Aliyev said at a conference on July … Read more
The state-owned gas producer UkrGasVydobuvannya announced another record for gas production. In the first half of the year, the company produced 6,913 million cubic meters of commercial gas. This is 8.8% more than in the same period last year. “UkrGasVydobuvannya put 41 new wells into operation, of which 14 are high-flow wells. So, for example, … Read more
UkrGasVydobuvannya drilled and put into operation another high-rate well with a natural gas daily flow amounting to 439,000 cubic meters, the Naftogaz Group press service reported on June 21. The well was drilled as an exploratory one to clarify the geological structure and assess the gas content of the deposits in the one of the recently … Read more
As of mid-June, Ukraine has accumulated more than 9 billion cubic meters of gas in underground gas storages, reported the press service of Naftogaz of Ukraine. This volume corresponds to the plan, the chairman of the board of the company Oleksiy Chernyshov said. The gas injection season began on April 1. In two and a half … Read more
Ukraines’ state oil and gas company Naftogaz is interested in expanding cooperation with energy companies of other countries — in particular, regarding the storage of their gas reserves in Ukrainian underground storage facilities, said the head of the company Oleksiy Chernyshov. During the visit to Turkiye, the Naftogaz chief discussed the prospects of cooperation in the … Read more
Kyiv will not enter into negotiations with Moscow to renew the gas transit contract to Europe expiring in 2024, said Ukrainian gas transit system (GTS) operator official, Andriy Prokofiev. “Ukraine will not offer any capacities for auctions,” Prokofiev stated at the Flame conference, signaling a firm stance against continuing the existing arrangement. The European model for … Read more
PJSC Ukrnafta in February 2024 produced 110,300 tonnes of oil and 92.1 million cubic meters of gas against 110,200 tonnes of oil and 83.2 million cubic meters of gas in February 2023. Thus, gas production in February increased by 10.7% compared to the same month last year. “The company continues to drill new wells, intensify … Read more
Ukraine is offering customers of underground gas storage facilities competitive tariffs that will not be revised until April 1, 2025, according to a press release from Naftogaz Group on Monday. “One of our key goals for 2024 is to increase the volume of gas that foreign energy companies store in Ukrainian underground storage facilities. This … Read more