XM does not provide services to residents of the United States of America.

Ukraine producing 53 mcm of gas daily, Naftogaz CEO says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Ukraine producing 53 mcm of gas daily, Naftogaz CEO says</title></head><body>

Updates with quotes from Naftogaz CEO in paragraphs 3-4, detail of output, storage in paragraphs 5-7

KYIV, Oct 9 (Reuters) -Ukraine is producing 53 million cubic metres of natural gas daily, including 43-44 mcm from state energy group Naftogaz, the company's CEO said on Wednesday.

Oleksiy Chernyshov also said Naftogaz has prepared for various scenarios ahead of the winter months and ensured it has appropriate amounts of gas in storage.

"Various scenarios have been developed, including those that assume the end of (Russian gas) transit," Chernyshov said. "Technologically, we are ready to get through this winter."

He said Ukraine has less than 13 billion cubic metres of natural gas so far in its underground storage facilities. Non-resident investors hold about 0.5 bcm of natural gas in storage, he added.

The volume of natural gas stored in Ukraine last November ahead of the 2023/24 winter heating season was around 16 bcm, the energy ministry said. Chernyshov said the amount was "quite enough to enter this winter" then.

Ukraine's state-run Naftogaz and Ukrnafta oil and gas companies have raised their natural gas output by 7% so far this year, the CEO said in late September.

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



Reporting by Pavel Polityuk; Writing by Anastasiia Malenko; Editing by David Goodman and Jan Harvey

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.