Private gas company production is to increase by 28% this year, while state production is to decline by 2%

Private gas company production is to increase by 28% this year, while state production is to decline by 2%, Andrei Favorov, head of Naftogaz’s integrated gas business, predicted to reporters Monday. UkrGazvydobuvannya, the Naftogaz production unit, will produce 14.6 billion cubic meters, far short of the “20 bcm in 2020” goal set two years ago by the Poroshenko government. Private companies are to increase production to 5.9 bcm. Andriy Favorov, head of Naftogaz’s integrated gas business, said the company will pursue a three prong strategy this year: “The first is production from deep deposits, especially under Shebelinka. The second is gas from shale rocks. The third is Black Sea shelf. The result is a trident.”