Industry Trend Analysis - Temporary Production Support To Give Way - APR 2017


BMI View: Short term production support from state-owned producers will mitigate against ongoing gas production declines in the country. However ongoing fiscal, regulatory and security uncertainty will continue to limit production over the longer-term.

2016 Growth, UGV Offering Limited Upside

A marginal increase in Ukrainian gas production over 2016 reflects the ambitious growth strategy of state owned Ukrgasvydobuvannya (UGV). We highlight the risk of a limited increase in domestic gas production in Ukraine over the next two to three years, as UGV implements its '20/20 Strategy Plan'.

Bleak Long Term Outlook
Ukraine: Natural Gas Production
f = BMI forecast. Source: Naftogas, BMI/EIA

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