Natural Gas Extraction in Ukraine Reduced by 4.3% in June
OREANDA-NEWS. July 13,
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.