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Ukraine's Naftogaz and Ukrnafta increase gas output by 6% from January

Ukraine's staterun Naftogaz and Ukrnafta oil and gas companies raised their natural gas output by 6% to around 12.3 billion cubic meters (bcm) between January and October, Naftogaz said on Thursday.

Naftogaz said in July it prepared to increase gas output to 15 bcm this year, from 14 bcm in 2023. Ukrnafta is the largest oil business in Ukraine, and its 50% plus one share owned by Naftogaz.

Over the coming winter months, gas is essential to Ukraine for heating.

Ukraine's energy system has been a target for Russia whose strikes on power facilities have triggered blackouts.

We are doing whatever we can to guarantee that Ukrainians can go through the heating season by themselves fuel, Oleksiy Chernyshov, CEO of Naftogaz Group, stated.

Last year, total Ukrainian gas production increased to 18.7 bcm from 18.5 bcm in 2022, while domestic intake fell to about 19 bcm.

Ukraine, formerly one of the largest importers of Russian gas, has actually given that 2015 relied rather on imports from European Union nations and its own production.

(source: Reuters)