Akhmetov's DTEK Oil&Gas to obtain license for gas supplies

UNIAN 2
14:20, 14 November 2017
3

A subdivision of Ukraine's largest vertically integrated energy holding DTEK, owned by Ukrainian businessman Rinat Akhmetov, DTEK Oil&Gas, the producer of natural gas and gas condensate, expects to obtain Nov. 16 a license for natural gas supplies within Ukraine, according to a draft resolution of Ukraine's National Energy and Utilities Regulation Commission.

REUTERS

"[The order has been issued] to grant a license to DTEK Oil&Gas to conduct economic activities related to supply of natural gas in the territory of Ukraine," reads the document.

As UNIAN reported earlier, DTEK Oil&Gas boosted its gas production by 3% to 1.24 billion cubic meters over the first nine months of 2017.

Read alsoGroysman: Ukraine to give up coal importsIn early March, the company announced the plans to increase its gas output by 1.9 times in 2020 against 2016, to 3 billion cubic meters per year.

Read alsoGas transit via Ukraine grows by almost 19% in 10 monthsUNIAN memo. DTEK Oil&Gas is an operating company responsible for the oil and gas sector in the structure of DTEK's energy holding. The company's assets portfolio includes two gas producing companies, namely Naftogazvydobuvannya and Naftogazrozrobka, which are exploring and producing hydrocarbons in three licensed areas of Poltava and Kharkiv regions.

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