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    1. Home
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    3. >Ukraine's Naftogaz launches new gas exploration well
    Finance

    Ukraine's Naftogaz Launches New Gas Exploration Well

    Published by Global Banking & Finance Review®

    Posted on July 8, 2025

    1 min read

    Last updated: March 1, 2026

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    Tags:oil and gas

    Quick Summary

    Naftogaz launches a new gas well to enhance Ukraine's energy resilience, producing 383,000 cubic meters daily, amid challenges from damaged facilities.

    Naftogaz Begins New Gas Exploration Well Amid Energy Challenges

    (Reuters) -Ukrainian state energy firm Naftogaz has launched a new natural gas exploration well through subsidiary Ukrgasvydobuvannya with a daily output of 383,000 cubic meters, the company said on Tuesday.

    Naftogaz produces the lion's share of Ukrainian gas, but its production facilities were severely damaged in a series of Russian missile strikes earlier this year, reducing production by as much as 40%.

    The company has also signed deals to buy U.S. LNG from Poland's Orlen, as Ukraine needs to import large volumes of gas ahead of the 2025/26 heating season after Russian shelling left its storage sites almost empty.

    "Step by step, we're building up domestic production and reinforcing Ukraine's energy resilience," Naftogaz CEO Sergii Koretskyi said in a statement.

    (Reporting by Anna Pruchnicka in Gdansk; Editing by Susan Fenton)

    Key Takeaways

    • •Naftogaz launches a new gas exploration well.
    • •Daily output of 383,000 cubic meters from the new well.
    • •Production facilities damaged by Russian missile strikes.
    • •Naftogaz signs LNG import deals with Poland's Orlen.
    • •Efforts to reinforce Ukraine's energy resilience.

    Frequently Asked Questions about Ukraine's Naftogaz launches new gas exploration well

    1What is the daily output of the new gas exploration well?

    The new natural gas exploration well launched by Naftogaz has a daily output of 383,000 cubic meters.

    2How has the production of Naftogaz been affected by recent events?

    Naftogaz's production facilities were severely damaged in a series of Russian missile strikes earlier this year, leading to a reduction in production by as much as 40%.

    3What steps is Naftogaz taking to enhance energy resilience?

    Naftogaz is focusing on building up domestic production and has signed deals to import U.S. LNG to bolster its energy supply ahead of the heating season.

    4Who is the CEO of Naftogaz and what did he say about the new well?

    Naftogaz CEO Sergii Koretskyi stated, 'Step by step, we're building up domestic production and reinforcing Ukraine's energy resilience.'

    5What deals has Naftogaz signed regarding gas imports?

    Naftogaz has signed agreements to purchase U.S. LNG from Poland's Orlen as part of its strategy to secure gas imports.

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