The Concept for Development of Ukraine’s Gas Production Industry by 2020, which was approved by the government in September 2016, predicts that natural gas production should increase to 27 billion cubic metres within four years, compared to the current 20 billion cubic metres. Are these plans feasible?
Let me just lay out a few facts: Ukraine is among Europe’s top-three countries as far as natural gas reserves are concerned. However, the extraction rate is significantly lower than the world average and amounts to a mere two per cent, which indicates a poor technological development of the industry. At the same time, …read more
Source: Emerging Europe