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Naftogaz forecast Ukraine’s gas production to drop 3-6% in 2022 due to war
Journal Staff Report

DAVOS, May 27 – Naftogaz Ukrayiny predicts a decrease in gas production by 3-6% in 2022 due to the war, chairman of the board Yuriy Vitrenko said.

Naftogaz had growth before the war: since the end of last year, we reversed the trend and began to increase production. Because of the war, it began to fall by 3-4-5%. We predict that there will be a decline of 3-6% over the year, but with current trends, this is definitely not even 10%," Vitrenko said in an interview with Interfax-Ukraine on the sidelines of the World Economic Forum (WEF) in Davos.

Speaking at the WEF, Yulia Kiryanova, the CEO of Smart-Holding, said that the company's production fell by 22% due to the war, and predicted that in general, production in Ukraine this year would drop to 16 billion cubic meters compared to 19.8 billion cubic meters in 2021.




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