Entering the oil and gas business in a perspective will enable the vertically integrated energy holding to diversify its fuel basis and satisfy the fuel demand of gas-fired units of DTEK's thermal power plants and the associated companies. As currently the fuel demand amounts to 3 billion cubic meters of gas per year, fulfillment of DTEK Oil&Gas tasks will reduce the burden on the fuel balance of Ukraine and reinforce energy independence of the Ukrainian economy.
Development of nonconventional gas – coal bed methane, shale stratum and tight sandstone gas – will be one of the business lines of the new company. The Company has been implementing pilot projects in this field since 2007. Currently, methane is being utilized at Stepnaya Mine (part of DTEK Pavlogradugol) and DTEK Komsomolets Donbassa. In the near future, the Company is planing to launch similar projects at other mines of DTEK Pavlogradugol and DTEK Dobropolyeugol.
Maxim Timchenko, CEO of DTEK, says: ‘For Ukraine, domestic gas production is not only an issue of energy independence, but also a precondition for economic growth, welfare gain for our people and a possibility for the country to become one of European leaders. We, being one of the largest national investors in the power sector, are ready to contribute our managerial experience, financial resources, and international contacts for the development of the oil and gas industry. I am confident that Ukraine can fully satisfy its demand for hydrocarbons for the next 20 years’.
DTEK is the largest privately-owned vertically-integrated energy company in Ukraine, with efficient enterprises that mine and prepare coal as well as operate on electrical power generation and supply markets. The Company is the energy division of System Capital Management (SCM), one of Ukraine’s leading financial and industrial groups.
The coal business of DTEK includes DTEK Pavlogradugol (consisting of 10 coal mines), DTEK Dobropolyeugol (5 mines), DTEK Mine Komsomolets Donbassa and five coal preparation plants.
The power generation business of DTEK is represented by Eastenergo (Vostokenergo) and the associated companies Dneproenergo, where DTEK owns 47.55%, and Zapadenergo, where DTEK together with affiliate companies holds 25.06%.
Service-Invest, DTEK Energougol ENE and the associated Donetskoblenergo Company, where DTEK holds 30.6%, represent the electricity sales and supply business of DTEK.
DTEK also holds a 39.98% stake in Kievenergo, a company generating and supplying heat and electricity.
22 Января 2025 | среда | 13:46
