Ukraine increases gas production for second year in row
www.pravda.com.ua
Thu, 02 Jan 2025 21:08:06 +0200
Ukraine increased gas production by 2.2 to 19.12 billion cubic metres bcm in 2024.
Source calculations of ExPro, a consulting company that focuses on the development of Ukraines oil and gas and energy sectors Details The growth rate of production in 2024 is higher than in 2023, when production increased by 0.9.
Quote from ExPro In addition, this is the highest production growth since 2018.
As a reminder, gas production volumes were declining from 2019 to 2022.
More details Natural gas production in Ukraine fell in 2022 by 6 due to the Russian fullscale invasion.
The publication adds that companies, especially stateowned ones, were already able to show an increase in gas production in 2023.
At the same time, stateowned companies remained the main driver of the increase in natural gas production in Ukraine in 2024.
Thus, the countrys largest gas producer, stateowned UkrGasVydobuvannya, produced 14.55 billion cubic metres of gross natural gas last year, up 4.6 from 13.9 bcm in 2023.
UkrGasVydobuvannyas production volumes in 2024 were the highest in six years when the companys production amounted to 14.9 bcm in 2019.
At the same time, Ukrnafta PJSC produced 1.17 bcm of natural gas last year, which is 6.6 more than in 2023 almost 1.1 bcm.
This is the companys largest volume of natural gas production since 2016.
Quote from ExPro Private companies, on the other hand, reduced their natural gas production by 8 to over 3.4 bcm in 2024.
Private companies production is at its lowest level since at least 2016.
More details It is noted that the further decline in production is due to the blocking of special permits, in particular, Ukrnaftoburinnia UNB, a private oil and gas production company that did not produce natural gas from December 2023 to August 2024.
Quote from ExPro However, in August, UNB resumed production, which led to an increase in natural gas production by private companies compared to last year.
Nevertheless, in November, the Ukrainian Geological Survey suspended Smart Energys special permits again.
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