In 11 months of 2019 UGV reduced PPN by 15% against the backdrop of production 3% drop

Ukrgasvydobuvannya PJSC (UGV) in January-November 2019 compared to the same period of the last year reduced gas production and process losses and costs (PPNL) by 15% (from 1.3 billion cubic meters to 1.1 billion cubic meters) against the background of production 2.8% drop (up to 13.7 billion cubic meters). This is evidenced by the industry statistics that ExPro has.

In November 2019, compared to November 2018, UGV reduced its PPN 2.2 times (from 145 million cubic meters to 64.6 million cubic meters), while its production during this period decreased by only 9%.

Thus, this year the company has improved its performance. At the same time, Ukrtransgaz JSC increased the PPN by 6% (up to 1.8 billion cubic meters) for 11 months of 2019.

PPN of Ukrnafta remained at the level of 11 months of 2018 (300 million cubic meters) during the 11 months of 2019, although its production during the period increased by 10% (up to 1.1 billion cubic meters).

Total PPN in the system of Naftogaz of Ukraine NJSC for the 11 months of 2019 decreased by 6%.

PPN in the system of Naftogaz of Ukraine, billion cubic meters

12:00 / 4 December, 2019

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