You're reading: 112.ua: Ukrainian oil and gas producers to expand gas extraction

112.ua: Ukrainian oil and gas producers to expand gas extraction

Published July 5, 2018 at 9:03 pm

A compressor station of Ukraine's Naftogaz national oil and gas company near the northeastern Ukrainian city of Kharkiv. Ukraine has completed the process of separating its gas production company from its gas distribution network. Naftogaz and the transmission system operator will now be separate entities working independently of one another. Unbundling the gas system was a long-await reform critical to Ukraine’s greater integration with the European Union.

Photo by AFP

The State Service for Geology and Mineral Resources of Ukraine released the data, which confirms that Ukraine’s oil and gas producers have been especially active lately in terms of getting permissions for gas extraction. The State Service reported this as quoted by LB.ua news agency.

Judging by the released information, the companies expand their old licenses and get the new ones in order to develop hydrocarbon deposits.