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Ukrainian gas is attractive for foreign investors, says Naftogaz’s Chairman

Ukraine has achieved an increase in gas production through traditional exploration but has even greater potential with investments in horizontal drilling technology. This was stated by the Chairman of the Supervisory Board of Naftogaz, Anthony Marino during his speech at the Global Energy Show Canada 2024 conference.

“Ukraine has great potential for developing unconventional gas deposits,” he underlined. “The Naftogaz Group is just getting started on that kind of development and there’s a great opportunity for service companies to provide horizontal drilling and stimulation services and for Western companies to provide capital and expertise. I think Canadian and North American companies should consider this type of investment in Ukraine.”

As emerged earlier in March, during a stress test carried out by Ukraine’s gas network (GTSOU) and storage system (Ukrtransgaz) operators, the system is resilient enough to inject and withdraw around 5 billion cubic metres (bcm) of EU traders’ gas in the next winter season.

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