Favorov: Artificially lower prices will not solve gas market problems

Kosatka.Media asked Andrew Favorov, trader, about the proposed options, how they might affect the market and its participants, and whether the market needs them at all.

Naftogaz discovered a new gas condensate field in Poltava region

A new exploration well confirmed the presence of gas deposits in the Pearl area at a depth of 6150 m.

Ukrtransnafta sold Azerbaijani oil purchased in spring 2020

The company sold the entire volume of purchased oil with a positive economic effect.

Gas production in Ukraine: how the COVID-19 pandemic has affected it and what are the risks of a second lockdown

Producers have reduced investments and reduce well drilling to zero.

DTEK will start drilling wells to a depth of more than 7000 meters at a gas price above $200/thous. m3

DTEK will drill wells at depths of more than 7000 meters at a gas price of over $200/thous. m3. At a lower value, it is not economically profitable to do so.

Ukrgazvydobuvannya on exploring new gas fields: Сautious optimism

The company received the first results of work on well No.888.

Ukraine significantly increased gas purchases in Europe in 2019

Naftogaz has not purchased natural gas from Russia for more than 1,500 days

Gas sector in February 2019

Gas imports nearly doubled compered to the previous year.