According to EXPRO’s calculations, gross natural gas production rose by 2.3% in October 2024 compared to the same month last year, reaching 1.663 billion cubic meters, the highest level since January 2022.
"The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said.
Ukraine and the EU have approached Azerbaijan to discuss supplying natural gas to Europe via Ukraine once an existing contract with Russia expires at the end of 2024, President Ilham Aliyev said, Bloomberg reported.
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16.
Kyiv is in talks to transit gas from Azerbaijan to the EU after the contract to transit Russian gas expires in December 2024, President Volodymyr Zelensky said in an interview with Bloomberg on July 3.
The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combined with Russia delivering more gas through Turkey ahead of planned maintenance in June.
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said on April 28.
Turkey is in talks with ExxonMobil to secure a long-term liquified natural gas (LNG) deal worth billions of dollars, aiming to diversify its energy sources, says Turkish Energy Minister Alparslan Bayraktar. The potential agreement could provide up to 2.5 million tons of LNG annually for 10 years.
Ukraine's state-owned oil and gas giant Naftogaz aims to produce 15 billion cubic meters of natural gas in 2024, Prime Minister Denys Shmyhal said at the meeting of the Cabinet of Ministers on March 1.
Ukraine got through the winter using domestic gas production only for the first time in history, Naftogaz’s CEO Oleksiy Chernyshov wrote on his Facebook on March 1.
Germany and possibly other European countries want exemptions for the energy sector in any sanctions targeting Russia if it further invades Ukraine, Bloomberg reported, citing documents and unnamed sources. The report reveals continued disagreement among Western allies about how to punish Russia, which has 120,000 well-equipped troops on Ukraine's
