The company called the cost of gas produced

В Укргаздобыче назвали себестоимость добытого газа

Gas production in Ukraine – a profitable business

The net profit of the company for 2017 amounted to 30.5 billion UAH, and the marginality of 40%, said the head of the company.

The cost of a full cycle of gas production state-owned company Ukrgazvydobuvannya, the largest producer of natural gas and gas condensate in the country – varies from 180 to 250 dollars per thousand cubic meters.

On Thursday, October 4, said in an interview with the Economic truth, the head of the company Oleg Prokhorenko.

According to him, to talk about the cost of gas production at one time or another is impossible, because it is a business with long investment.

“If we are talking about the cost of a full cycle – from drilling and production until the closure of the wells, depending on the complexity of the extraction cost can vary from $ 180 per thousand cubic meters to $ 250 per thousand cubic meters,” said Prokhorenko.

The head of the company said, saying the cost of production is $ 100, you can, but it’s wrong and “manipulative figure”.

Answering the question about what’s the profitability of the subsidiary in the extraction of gas, Prokhorenko said: “the company’s Net profit for 2017 30.5 billion UAH. This figure is divided by the income from sales of products, which is 95-98 billion. You get margins of 40%”.

Recall that in early September the company announced the increase in the volume of produced natural gas. For the first eight months of 2018, the company was able to produce 10 billion 159 million cubic meters of gas, increase in the volume of 79 million cubic meters compared with the same period in 2017.

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