The major private firms are: Naftagazvydobuvannya (1.7 bcm), which is part of oligarch Rinat Akhmetov’s DTEK, and the Burisma Group (1.3 bcm), controlled by Mykola Zlochevsky, former minister of ecology and natural resources during Victor Yanukovych’s presidency[4]. These two companies collectively extract two thirds of gas produced by private firms.
The other important companies include Ukrnaftaburinnya (0.4 bcm), controlled by oligarchs Ihor Kolomoysky and MP Vitaliy Chomotynnyk; Geo Alliance (0.25 bcm), owned by Victor Pinchuk, Vitol and PNK (0.2 bcm): and UK company JKX Oil&Gas, in which Kolomoysky is the majority shareholder. This illustrates that a large majority of private gas companies are controlled by the oligarchs.
However, the fields must be located in regions in which the transmission infrastructure is already in place, as this will reduce the costs of the entire investment.
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