OREANDA-NEWS. July 13, 2010. In June 2010, total natural gas extraction amounted to 1,604 mmcm, 4.3% down yoy, Cabinet of Ministers reported July 12.

Natural gas extraction decreased by 6.8% yoy in 6m2010 to 10,043 mmcm. All major players in the sector, except Ukrhazvydobuvannia, reduced their gas extraction. Ukrnafta, in particular, decreased its gas output by 17.6% yoy in June to 198.3 mmcm.

Millennium Capital considers the news as negative for Ukrainian Oil & Gas sector as gas extraction by domestic companies has declined second straight month.