Naftogaz

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.

The key companies of Naftogaz Group - Ukrgasvydobuvannya, Ukrnafta, Ukrtransgaz and Ukrtransnafta - improved their financial results by at least 40% in 2023, while Naftogaz of Ukraine significantly reduced its loss compared to the previous year.

Naftogaz of Ukraine plans to accumulate at least 13 billion cubic meters of domestically produced gas in preparation for the heating season, which will be enough to meet the consumption volumes in the regulated market segment.

Naftogaz Group posted a net consolidated profit of UAH 23. 1 billion in 2023 compared to a loss of UAH 79.1 billion in 2022.

Ukraine intends to store about 4 billion cubic meters of gas for foreign companies and traders this winter, 60% more than last year, despite Russian attacks on its energy infrastructure.

Ukraine needs more air defense systems from international partners to protect its underground gas storage facilities, which are crucial to Europe's energy security.

Last year, the revenues of the 10 largest Ukrainian energy companies reached UAH 745. 87 billion, up 8% compared to 2022, with D.Trading, a company of Rinat Akhmetov's SCM Group, becoming the sector leader.

The Ukrainian government has decided to extend the preferential electricity price of UAH 2. 64 per kilowatt for households until May 31 and the preferential gas price of UAH 7.96 per cubic meter for households until the end of the summer.

Naftogaz of Ukraine has extended the "fixed" tariff for another year, keeping the gas price for households at UAH 7. 96 (including VAT) per cubic meter until April 30, 2025.