It also provides a glimpse at the future of European gas supplies Europe had weathered one winter since Russia’s invasion of Ukraine in 2022. But although gas prices had returned to Earth, they were sure to rise in the colder months to come. Thus if commodity merchants bought at rock-bottom rates in the summer, they could […]
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Ukraine increased gas production by 0.9% – up to 18.7 bcm in 2023
Ukraine produced more than 18.7 bcm of gross natural gas in 2023, according to ExPro calculations. Compared to last year, gas production increased by 0.9% – from 18.54 to 18.7 bcm. Last year, natural gas production in Ukraine fell by 6% due to the full-scale invasion of Russia. Already in 2023, companies showed an increase […]
Gas withdrawals from Ukrainian UGS exceed 100 mcm for the first time in more than two years
On January 9, the volume of natural gas withdrawals from Ukrainian underground gas storage facilities (UGS) reached almost 104 mcm, according to ExPro Daily Gas. This is the highest level of gas withdrawals from storage facilities in more than two years – since the end of December 2021. Compared to the previous day, gas withdrawals increased […]
Naftogaz will be ready to buy all the proposed volume of gas from private producers in 2024 – Chernyshov
Naftogaz of Ukraine NJSC will be able to buy the entire resource offered by private gas production companies next year if the ban on its export is extended, Naftogaz Chairman Oleksiy Chernyshov said in a comment to the Interfax-Ukraine agency during the forum “Ukraine’s Formula for Success. Big day with NV”. “Naftogaz is ready to […]
In August 2023, Ukraine received about 1.1 billion cubic meters of gas from the EU and Moldova
Almost all western entry points to the Ukrainian GTS operate at full capacity In August 2023, natural gas imports to Ukraine amounted to 1.096 billion cubic meters, 66% of which was distributed for storage in the “customs warehouse” mode. Under the short-haul service, 34% was received for the purpose of injecting to the “customs warehouse”. […]
Since the beginning of the full-scale war, the number of gas traders has decreased by approx by a third – the head of a specialised association
Kiev. 17 August. ENERGOREFORM – Since the beginning of the Russian Federation’s full-scale invasion of Ukraine The number of active traders on the natural gas market has decreased by about a third, Andriy Mizovets, head of the association Gas Traders of Ukraine believes. At least one third of gas traders have stopped active operations. Perhaps, […]
Russian natural gas transit through Ukraine may stop by the end of 2024
Russian natural gas transit through Ukraine may stop by the end of 2024, Ukrainian Energy Minister Herman Galushchenko said in an interview with the Financial Times. According to him, deliveries may be stopped after the end of the current contract. One may remind, at the end of 2019, a 5-year contract was signed for the […]
Ukrtransgaz, GTSOU, Ministry of Energy, and NEURC offered international traders Ukrainian UGS
Ukrtransgaz JSC, Operator GTS of Ukraine LLC, the Ministry of Energy, and NEURC held a meeting with international traders regarding their involvement in the storage of natural gas in Ukrainian underground gas storage facilities. Ukraine offers European traders to use more than 10 bcm of LNG capacity near the western border. According to GTSOU, a […]
Gazprom intends to increase gas transit through Ukraine by 30% on Wednesday
Russia’s Gazprom submitted a nomination for the supply of 41.3 mcm of natural gas to Europe through the Ukrainian GTS on Wednesday, February 15. This is evidenced by the nominations of GTS Operator of Ukraine LLC. Compared to the previous day, transit volumes will increase by 34%. It is also the highest level since the […]
The head of Naftogaz Chernyshov met with representatives of the bank J.P. Morgan
Oleksiy Chernyshov, Chairman of the Board of JSC Naftogaz of Ukraine, held a meeting with the delegation of the American bank J.P. Morgan. This was reported by the Naftogaz press service. Naftogaz Group has invited US financial services giant J.P. Morgan to consider cooperating on projects to increase production and improve the transportation and storage […]