Total gas production in Ukraine fell to a 20-year low due to the war.
Gas production in Ukraine for 2022 fell by 6% to 18.5 billion cubic meters, the lowest production volume in the last 20 years. The main reason for the reduction in production was the full-scale war. In addition, the occupation of a portion of Ukraine’s territory, particularly the Kharkiv region, hurt gas production in these regions. The country’s largest gas production company, Ukrgazvydobuvannya, produced 13.2 billion cubic meters last year, which is 3% less than the previous year. Also, Ukrnafta reduced gas production by 7% to 1 billion cubic meters due to aging fields and low investment in gas production. Private gas producers showed the biggest drop, by 15%, to 4.3 billion cubic meters, because their sales market has significantly narrowed, and the export of domestically produced gas has been banned. Due to a sharp drop in income and difficulties with implementation, private companies have practically stopped investment in gas production.