The Security Council discussed the protection of energy facilities and preparations for winter. The President announced the decision to strengthen air defense against the Shahed and certain types of missiles.
The President of Ukraine announced a decision to strengthen the protection of energy infrastructure. Aviation will play an active role, and air defense will be reinforced in border and frontline regions.
The Cabinet of Ministers has appointed Serhiy Boyev as Deputy Defense Minister for European Integration. Boev, 41, has experience working for state-owned companies and international banks and holds an MBA from the Wharton School.
Naftogaz Group reported an increase in gas production by 0. 7 bcm compared to last year. The company exceeded its targets by 2% and plans to provide the population of Ukraine with its own resources.
Gas reserves in Ukrainian storage facilities exceeded 12. 4 bcm. This volume is enough to last through the heating season, given the increased production and additional purchases from Europe.
The SAPO has completed a pre-trial investigation into MP Yaroslav Dubnevych, who is suspected of organizing the embezzlement of UAH 2. 1 billion worth of gas and money laundering through offshore companies.
Despite the fighting near the key transit point, Russia and Ukraine intend to continue supplying gas to Europe through the Sudzha station.
Due to the Russian attacks, European companies have reduced their gas storage in Ukraine to 10% of last year's volumes. Ukraine wants traders to continue using its infrastructure, as it generates important revenue.
The IMF has set requirements for Ukraine to receive the next tranche. These include transparent competitions for senior positions, an audit of the NBU's reserves, and the completion of NABU reform.
The Ministry of Finance is continuing its dialog with business on tax changes to fill the budget. Proposals for an advance payment of the corporate income tax and other measures to secure additional UAH 500 billion for defense are being discussed.
Naftogaz Group companies produced 8. 6 bcm of commercial gas in seven months of 2024. This is 10% more than in the same period last year, thanks to new wells and technologies.
Ukrgasvydobuvannya JSC, a member of Naftogaz Group, has launched a new high-performance well with a daily production of 274 thousand cubic meters of gas.
Ukraine is discussing the possibility of replacing Russian gas transit to the EU with Azerbaijani gas after the current contract with Russia expires in 2024.
In the first six months of 2024, Naftogaz Group companies produced 7. 3 bcm of commercial gas, up 8% year-on-year, thanks to the launch of 41 new wells, including 14 high-rate wells.
It became known who else came to the attention of NABU, except for the head of Naftogaz Chernyshov.
Ukrgasvydobuvannya group has launched a new powerful well that produces 439,000 cubic meters of gas per day at a depth of 5,767 meters.
President Zelensky instructed the government to develop conditions that simplify the installation of solar panels and batteries for the population, including tax incentives and credit programs, as part of the strategy for the development of renewable energy and energy security in Ukraine.
The European Investment Bank Group, in cooperation with the European Commission and the Government of Ukraine, signed agreements worth more than €1 billion to support Ukrainian businesses, restore critical infrastructure, and promote a green transition, among other initiatives, at the Ukraine Recovery Conference in Berlin.
European officials are negotiating to keep gas flowing through the pipeline through Ukraine, and one option may be for European companies to buy and pump gas from Azerbaijan to Russian pipelines.
The government and the Verkhovna Rada are preparing a draft law on the abolition of duties and VAT on the import of all energy equipment, the elimination of customs formalities and the provision of concessional lending for the purchase of energy equipment to expand decentralized energy generation in Ukraine.
The Verkhovna Rada may vote this week for the appointment of Alexey Chernyshev as the new minister of infrastructure, and Alexey Kuleba as the new minister of regional development.
This year, Naftogaz accumulates gas in its underground storage facilities faster than last year, exceeding the injection rate by 0. 33 billion cubic meters. compared to the same period in 2023.
Three residents of Poltava region, aged 45 to 59, involved in a scheme to steal about 2,000 liters of gas condensate from the facilities of Ukrgazvydobuvannya, a subsidiary of Naftogaz of Ukraine, face up to eight years in prison.
Naftogaz Group is significantly increasing gas production to ensure sufficient volumes to meet the consumer needs of Ukrainians and to generate additional electricity using natural gas, planning to reach 15 billion cubic meters of gas and increase oil production by 2 million tons this year.
Ukrainian geologists are planning to digitize 60,000 geological reports and translate the metadata into English to create a database useful for investors and international tenders.
Oil prices stabilized, with Brent rising for the first time in three weeks due to positive economic data from China and the US, which increased expectations of demand growth, while the decline in global crude and oil product inventories contributed to positive demand sentiment.
In 2023, Naftogaz launched 86 new wells and to reach production of about 15 billion cubic meters of gas in 2024 to increase Ukraine's energy independence and resilience.
"Naftogaz of Ukraine is actively preparing for the new heating season. This year, gas production has been increased to 15 billion cubic meters and oil production by 2 million tons.
In April 2024, Naftogaz Group paid UAH 8 billion to the state budget of Ukraine, which accounted for 11. 5% of total tax revenues for the month.
Ukrgasvydobuvannya commissioned two powerful deep gas wells in eastern Ukraine with a production capacity of 390 thousand cubic meters of gas per day.