Gas reserves in Ukraine at a current rate of production, which is about 20.5 billion cubic meters (bcm) of gas per year, will be enough for 22 years, according to Chairman of NJSC Nadra Ukrayny Board Yaroslav Klymovych.
The Verkhovna Rada, Ukraine's parliament, has adopted a draft law as a basis to amend some legislative acts of Ukraine to simplify access by oil and gas companies to land plots for hydrocarbon exploration and production, according to an UNIAN correspondent.
Ukraine in January-September 2017 stopped the decline in the level of natural gas production and increased it by 3.7%, Ukrainian Prime Minister Volodymyr Groysman said at a government meeting.
Ukraine's largest gas producer, PJSC Ukrgazvydobuvannia, which is a subsidiary fully owned by Naftogaz, plans to start producing natural gas in licensed fields located on the Black Sea shelf, targeting an annual output of 5 billion cubic meters in 5-7 years, that’s according to company CEO Oleh Prokhorenko who spoke at a conference organized by Expro consulting firm.