Weekly news digest January 27 – February 2, 2014


Due to the unstable political situation in Ukraine oil and gas market stopped. Azarov government resignation stirs speculation of a possible personnel change in the Ministry of Energy and Coal Industry, as well as in state companies. The first personnel changes have happened.

In the Ministry of Energy an active work is going on formation of the gas balance for 2014. In 2014 Ukraine will increase gas consumption by 6-7 BCM, - it is the forecast balance.



Ukrainian companies
Ukrgazdobycha fulfilled the plan barely
In 2013 Chernomorneftegaz increased gas production by 40.6%
In 2013 Ukrgazvydobuvannya increased the liquefied gas production
by 1.3%, Ukrnafta - by 11.6%
In 2013 Ukraine reduced gas consumption by 8.1% - up to 50.4 billion cubic meters
In 2013 Ukraine reduced gas import by 15%
In 2013 in UGS of Ukraine was pumped 11.6 billion cubic meters
of gas, was taken out - 12.7 billion cubic meters
In 2013 the import of oil decreased 2.3 times - up to 660 thousand tons
Foreign companies
In 2014 Shell will drill 3 wells on Yuzovskaya area
Shell intends to drill three new wells
Ukraine again postponed the signing of the PSA with Americans
The gas transshipment comlex will be built on Odessa region
Policy and the world
Gas is getting more expensive the fifth session straight due to the
cold weather in the USA
The procedure and conditions of insurance at the development
of oil and gas fields were approve
What Naftogaz does not say about?
Naftogaz has no funds to repay the debt to Gazprom - experts
Costs of plenty