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This is the best annual production from new wells since 2002, noted Naftogaz. In 2023, 86 new wells were put into operation, and 24 had an initial flow rate of more than 100,000 cubic metres per day.
The most productive well was launched in April 2023, and its output reaches 580,000 cubic metres daily. In November, a gas well at a depleted field in the Carpathians produced a record flow rate for the region. And on December 19, two more wells with a capacity of more than 200,000 cubic metres of gas per day were opened. Increasing production from new wells has been possible thanks to utilizing new technical capabilities and infrastructure modernization in old fields thought to be depleted and previously inaccessible layers.
Gas in Ukraine has become 50% cheaper in a year. The Ministry of Economy has published the price of gas sales in Ukraine for December 2023. The price was ₴13,596 ($367) per 1,000 cubic metres without VAT, 5.5% less than a month earlier. The price has almost halved over the year. For example, in April, it was ₴35,933 ($971). The average price of gas is calculated for the collection of rent for subsoil use.
Ukraine joins the European Vertical Gas Corridor" and is ready to store 10bn cubic metres of EU gas. Operators of the gas transportation systems of Ukraine, Bulgaria, Greece, Romania, Hungary, Slovakia, and Moldova signed a memorandum on the creation of the South-North corridor (Vertical Corridor) during the high-level ministerial meeting of CESEC (The Central and South Eastern Europe Energy Connectivity). Within the corridor’s framework, synergies will be created between the LNG terminals of Greece, the Trans-Balkan pipeline, Ukrainian underground storage facilities, and consumers in Central Europe. "By joining the Vertical Corridor, we have taken another step towards implementing our plan to become the gas hub of Europe and an integral part of the energy map of the continent. This agreement will allow the Operator of the Ukrainian Gas Transmission System to annually supply more than sevenbn cubic metres of gas through Ukraine from Romania to the countries of Central Europe," Minister of Energy German Galushchenko emphasized.
9.1.2 Automotive sector news
The market for new passenger cars in Ukraine grew by 60% during the year - sales volumes exceeded ₴100B. According to the results of 2023, Ukrainians bought almost 61,000 new passenger cars, spending more than ₴105.5B. This is 60% more than in 2022. For comparison, in 2022 Ukrainians bought 37,900 new cars – this indicator is the lowest since the beginning of the century. Compared with 2021, 2022’s new vehicle purchases decreased by 63%.
The new car market grew by almost 50% in January. In January 2024, about 4,400 new vehicles were sold in Ukraine, 47% more than last year, reports Ukravtoprom. At the same time, demand for new cars lags the pre-war, January 2021 figure by 24%, and the January market showed almost the same volume of sales as in 2017. The most popular brand was Toyota - 764 cars. Compared to January 2023, the sale of new Toyotas in Ukraine increased by 31%. The second most popular brand was Renault, with 504 units. So, the French brand improved its performance last year by 160%. The third place in the ratings belongs to Volkswagen, with 476 units (+133%), and the fourth is
83 UKRAINE Country Report February 2024 www.intellinews.com