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Prime Minister assures Ukraine will boost domestic gas production by 20 bcm/year till 2020
23.11.2017 | 12:33
INFORMATION AND COMMUNICATION DEPARTMENT OF THE SECRETARIAT OF THE CMU

The policy pursued by the Government of Ukraine on becoming energy independent state envisages an increase in the volume of own gas production to 20 billion cubic meters by 2020. This was stated by Prime Minister of Ukraine Volodymyr Groysman. The Head of Government is on a working visit in Poltava region, where he has visited several wells of the SE Ukrgazvydobuvannya.

"According to this year’s results, we increased production to 15.2 billion cubic meters, and we set the task to reach 20 billion cubic meters by 2020", the Prime Minister stressed.

He placed an emphasis on the fact that energy independence will not only allow to eliminate import of fuel that was used as an instrument of pressure on Ukraine, but also will allow to reduce gas prices within the state.

"Ukraine will be energy independent and citizens will have an access to cheap gas," the Head of Government underscored.

Background

The Concept of development of gas production industry of Ukraine envisages an annual increase in domestic gas production with the possibility of exporting energy resources  in the medium term.

According to scientists, Ukraine has 276 billion cubic meters of confirmed gas reserves (140 gas fields). The total potential of gas fields is three times higher - 923 billion cubic meters. Over the past decades, Ukraine has only reduced the volume of its own gas production, including through a series of political decisions. The positive dynamics of gas production was recorded in 2016. The total production of gas amounted to 14.6 billion cubic meters last year.

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