: :inin Kyiv (EET)

Ukraine was held on gas leash for 25 years – Poroshenko

Independence is an important component – something that the country has been missing for 25 years – energy independence. Ukraine was held on a gas leash, like a puppy, for 25 years, Ukrainian President Petro Poroshenko said at an opening of a new gas well in Lviv region, the president`s press service reported.

Building up own gas production, designed to enhance Ukraine`s energy independence, is a priority of the Ukrainian authorities and investors in the area of resource extraction, the president said.

”Independence is an important component – something that we`ve been missing for 25 years – energy independence. Ukraine, was held on the gas leash, like a puppy. ”No matter what mottos former authorities had, they came to power and started thinking about how to organize schemes of Russian gas supply,” the President said.

He noted that Ukraine had managed to diversify energy supply sources and ensure reverse gas supply from Europe. Now, the priority is to develop Ukrainian gas production.

”And we are not trying to monopolize through any state preferences. Finally, the state has turned its face to honest, genuine Ukrainian investors,” the Head of State said.

As UNIAN reported earlier, Ukraine`s largest gas producer Ukrgazvydobuvannya, in the framework of Ukraine 2020 Strategy plans to have increased its production to 20 billion cubic meters per year by 2020. It also intends to nearly double (up to 385,000 meters underground) the volume of drilling gas wells as early as 2017.  Besides, Ukrgazvydobuvannya will increase the number of wells to 88, making their total number reach 201 in 2020.

The volume of the company`s own investment into the development of production capacities will amount to nearly UAH 110 billion over the next four years.

The Cabinet in the draft budget for 2017 plans to finance the growth of Ukraine`s own natural gas production and create the energy efficiency fund worth UAH 3,5-4 billion, which will allow Ukraine to reach full energy independence in four to five years . 


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