The largest gas producing company in the country the company has lowered the forecast of gas production in 2018 from 16.5 to 16 billion cubic meters because of blocking the licensing of the Poltava oblast Council. About it reports a press-service of Naftogaz of Ukraine.

Appropriate changes were made to the adjusted financial plan of the subsidiary for 2018

“Reduction of the plan gas production to 16 billion associated with the lock Poltava regional Council of the issuance of new licenses for development of fields for 2.5 years”, – stated in the message. Also a negative impact on the production forecast has deferred the adoption of legislative acts, which should simplify the licensing procedures for the production of gas.

“These complications jeopardize the implementation of the strategy “20/20″ (domestic production is 20 billion cubic meters of gas in 2020 – ed.) and the government of Ukraine’s Energy strategy up to 2035”, – emphasized in Naftogaz.

To improve the situation of obtaining approvals in the company’s opinion, may be the adoption of the bill No. 3096-d, the consideration of which the Parliament probably in early December of this year.

“This year we increase the investments in the increase of gas production by almost 2.5 times. The results of the subsidiary show that with new technologies and continuous financing can significantly increase production on existing wells. But the implementation of the strategy of “20/20″ is necessary to develop new deposits, – said the head of Naftogaz Andrey Kobelev. – We are pleased that both the Prime Minister and the representatives of the parliamentary coalition to support the adoption of necessary legislative acts and hope that next week the Parliament will vote for the bill 3096-d”.

Bill No. 3096-d, in addition to the simplification of the procedure for the use of land for oil and gas activities, cancels the duplicate permit for temporary removal of topsoil and the requirement to obtain a mining allotment for the oil and gas industry, and also unregisters well as the object of town planning, the requirement for coordination of field research and industrial and commercial development.

Note that PJSC Ukrgasdobycha from the beginning of 2017 (as of 18 Oct) increased natural gas production compared to the same period in 2016 at 470 million cubic meters to 12.1 billion cubic meters.

Earlier it was reported that capital investment in GTS of Ukraine increased by 1.5 times.

The company has lowered the forecast of growth of gas production by 500 million cubic meters 28.11.2017

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