Page 84 - UKRRptApr24

9.2 Major corporate news 9.2.1 Oil & gas corporate news
Ukraine's gas supply not impacted by Russian strike. The facility, operated by Naftogaz’s subsidiary Ukrtransgaz, will require repairs to its surface infrastructure, but the attack did not impede its operations due to the gas being stored deep underground, Naftogaz CEO Oleksiy Chernyshov noted.
Ukrnafta increases gas production by 10.7%, to 92.1 mcm, in Feb PJSC Ukrnafta in February 2024 produced 110,300 tonnes of oil and 92.1mn cubic meters of gas against 110,200 tonnes of oil and 83.2mn cubic meters of gas in February 2023.
Ukrnafta begins drilling new well in western Ukraine PJSC Ukrnafta has begun drilling a new exploration oil well in a field located in western Ukraine.
Ukrgasvydobuvannya launched its fourth powerful gas well since the beginning of the year. It brings about 400 thousand cubic meters of gas per day.According to the press service, the idea of launching this well came from employees of the Ukrainian Research Institute of Natural Gases (UkrNIIgaz), which is also part of the Naftogaz group. They were able to assess the residual potential of the old field, identify an area for laying a well, and proved the high prospects of drilling in this area.
Ukrnafta increases imported fuel supplies in 2024 PJSC Ukrnafta increased the volumes and expanded the geography of imported fuel supplies from global producers to the country in 2024, the company's press service reported on Facebook.
Ukraine will not increase gas storage tariffs until April 1, 2025 said Naftogaz on March 19. Ukraine offers attractive and competitive tariffs to underground gas storage customers, which will remain unchanged until April 1, 2025. "One of our key objectives for 2024 is to increase the volume of gas stored by foreign energy companies in Ukraine's underground storage facilities. Last year, despite the war, foreign traders entrusted us with storing 2.5bn cubic meters of gas. We need to maintain their trust and attract more partners. Tariff policy is a key factor demonstrating our attractiveness and stability," said Naftogaz Group CEO Oleksiy Chernyshov. Naftogaz Group company which manages Ukraine's UGS Ukrtransgaz also consistently offers partners a beneficial option - storage in "customs warehouse" mode. This allows for the storage of gas for 1095 days without paying taxes and customs duties, with the possibility of trading on the domestic and foreign markets. "More than 160 foreign energy companies from 32 countries around the world use our UGS for gas storage in 'customs warehouse' mode. We are actively preparing for the injection season so that both Ukrainian and foreign companies can smoothly inject significant volumes of gas into our storages," said Roman Malyutin, the head of Ukrtransgaz. Ukrtransgaz has already begun preparations for the start of the active gas injection season, which starts in April this year. To ensure the reliability and safety of storage for all its clients, the company conducts scheduled technological maintenance and diagnostics of main and auxiliary equipment. Background: 80% of Ukraine's underground storage facilities are located in western Ukraine, far from the front line. Numerous measures have been taken to ensure their protection from potential
84 UKRAINE Country Report April 2024 www.intellinews.com