Finance
Ukraine's Naftogaz launches new gas exploration well
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Naftogaz launches a new gas well to enhance Ukraine's energy resilience, producing 383,000 cubic meters daily, amid challenges from damaged facilities.
(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)
The new natural gas exploration well launched by Naftogaz has a daily output of 383,000 cubic meters.
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%.
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.
Naftogaz CEO Sergii Koretskyi stated, 'Step by step, we're building up domestic production and reinforcing Ukraine's energy resilience.'
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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