Ukraine’s biggest state-run Naftogaz oil and gas firm has raised its natural gas production by 10% so far this year, Naftogaz chief executive Oleksiy Chernyshov said on Wednesday.

“This is a really good indicator, and we will continue to do our best to maintain this trend and reach the year-end production increase,” Chernyshov said in a statement.

He did not provide the precise volume of gas produced.

Chernyshov said last month Naftogaz increased gas output by 12% in the first quarter of 2024 year-on-year.

Naftogaz has said it planned to increase gas output to 15 billion cubic meters in 2024 from 14 bcm in 2023.

Ukrainian overall gas production increased to 18.7 billion cubic metres in 2023 from 18.5 bcm in 2022, while local consumption fell to around 19 bcm in 2023.
Source: Reuters (Reporting by Pavel Polityuk, Editing by Bernadette Baum)