EQT Sending Oil, Natural Gas Equipment to Support Ukraine's War ... - Natural Gas Intelligence

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts - Natural Gas Intelligence
This article is part of NGI's Daily Gas Price Index. Click here to request a free trial keyboard_arrow_right

International| E&P| Marcellus| NGI All News Access| Utica Shale

EQT Sending Oil, Natural Gas Equipment to Support Ukraine’s War Efforts

EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia.

Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm.

“Ensuring a reliable supply of energy is a challenge, not only for Ukraine, but for the entire world,” said EQT CEO Toby Z. Rice. “This equipment will play a major role in helping to stabilize Ukraine’s energy supply.”

[2023 Natural Gas Price Outlook: How will the energy industry continue to evolve in 2023? NGI’s special report “Reshuffling the Deck: High Stakes for Natural Gas & The World is All-In” offers trusted insight and data-backed forecasts on U.S. natural gas and the global LNG markets. Download now.]

The year-long Russian invasion of Ukraine has upended global gas and oil supplies. LNG imports from the United States have been one way to help Europe in responding to the impacts of Russia’s waning pipeline gas.

“The war has significantly complicated delivery of required gas production equipment and materials. Certain equipment is just not readily available on the Ukrainian market,” said Ukrgasvydobuvannya’s acting CEO Oleg Tolmachev.

Last year EQT’s philanthropic arm, EQT Foundation, donated $3.8 million to different nonprofit organizations through grants and scholarships.

“The nonprofit sector is stronger than ever,” said EQT Foundation President Ellen Rossi. “In fact, this year we saw a 50% increase in asks to our foundation, allowing us an opportunity to support many new agencies and innovative programs.”

EQT worked with the US Government and the Ministry of Infrastructure of Ukraine to be the first U.S. company to supply gas equipment to Ukraine. This contribution is expected to be used in Ukrgasvydobuvannya’s facilities, besides the ones near the contact lines.

The Ukraine company has been facing difficulties due to the Russian hostility in the region. In the week of Feb. 20, there were 88 complications due to damages to the gas networks from shelling.

© 2023 Natural Gas Intelligence. All rights reserved.

ISSN © 1532-1231 | ISSN © 2577-9877 |