The company was founded in 1998 after previously being named Ukrgazprom.
Now it is a state-owned company subordinated to the Ministry of Economic Development and Trade of Ukraine.
Naftogaz of Ukraine is a vertically integrated oil and gas company engaged in full cycle of operations in gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, supply of natural gas and LPG to consumers.
The company’s Production of Natural Gas segment engages in the production of natural gas in Poltava, Kharkiv, Sumy, Dnipropetrovsk, Lviv, and Zakarpattya regions, as well as in the exploration activities in Carpathian and Dniprovs’ko-Donetsk regions.
Its Production of Crude Oil and Gas Condensate segment produces gas condensate in the area of natural gas exploration.
The company’s Transportation of Natural Gas segment engages in the transmission and distribution of gas. This segment operates approximately 38.5 thousand kilometers of gas transmission pipelines.