In 2017 the Companies of Smart Energy Group paid to budgets and trust funds almost 850 mln UAH, including state budget – 802 mln UAH, and local budgets – 48 mln UAH.

For reference, in 2016 budgets of various levels received from the Companies of the Group 763 mln UAH, of which 720 mln UAH went to the state budget and 43 mln UAH to local ones.

“Increase of tax deductions is due to the increase of production of our enterprises. This fact once again proves that enhancement of gas production is a win-win for both business and state, which receives growing budget revenue, making Ukraine closer to self-sufficiency in energy”,- noted Sergiy Glazunov, CEO of Smart Energy Group.

Also, to sustain social projects and develop social infrastructure of regions where gas producing companies of the Group are located, Smart Energy allocated 7.3 mln UAH, of which 1.3 mln UAH went to Poltava region and 6 mln UAH went to Kharkiv region.

For reference, in 2017 the Companies of Smart Energy Group increased production of natural gas up to 226.3 mln cubic meters, which is 8.5% more than in 2016. Also, 18.3 K t of gas condensate and 4.6 K t of LPG was produced out of hydrocarbons of in-house production. In 2016 production of condensate was 16.9 K t and production of LPG was 3.7 K t.

Reference

Smart Energy is a part of Smart-Holding in charge of implementing exploration projects, commercial development of the hydrocarbon deposits and alternative energy initiatives.

Oil & Gas business block of Smart Energy is represented by gas producing Ukrgazvydobutok (Kharkov region) and Regal Petroleum, a listed British company having assets in Poltava and Kharkov regions (Prom-Energo Product).