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Ukraine's largest natural gas fields are about 80–85% depleted, although there are still large quantities of unexploited gas reserves stored in hard-to-reach areas or solid rock. [43] Ukraine has Europe's third largest shale gas reserves, at 1.2 trillion cubic meters (tcm). [25] There are two potentially large shale gas fields. [25]
There is some disagreement on which country has the largest proven gas reserves. Sources that consider Russia in possession of the world's largest proven reserves include the US CIA (47,600 cubic kilometers), [ 2 ] the US Energy Information Administration (EIA) (49,000 km 3 ), [ 3 ] and OPEC (48,810 km 3 ). [ 4 ]
Ukraine has been estimated to possess natural gas reserves of over 670 billion cubic meters (in 2022), [15] and gas is an important part of energy in Ukraine. In 2021, Ukraine produced 19.8 billion cubic meters (bcm or Gm 3) of natural gas. To satisfy domestic demand of 27.3 bcm that year, Ukraine relied on gas imports (2.6 bcm) and withdrawal ...
The state-run operator of the gas transmission system said Ukraine would likely increase natural gas imports to more than 16.7 million cubic metres (mcm) on Tuesday from 16.3 mcm on Monday.
The Yuzivska gas field (Ukrainian: Юзівське газове родовище) is an unconventional Ukrainian natural gas field that was discovered in 2010. It was expected to begin production in 2017, but development was halted because of the outbreak of the 2014 war in the Donbas region near the field, a sharp plunge in European natural gas prices (making the costly shale gas development ...
Ukraine now faces the loss of some $800 million a year in transit fees from Russia, while Gazprom will lose close to $5 billion in gas sales, according to the news agency.
MOSCOW/KYIV (Reuters) -Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy ...
In contrast, wet natural gas also contains significant portions of other liquids such as ethane, propane or butane (also known as Natural Gas Liquids). Wet natural gas is used for petrochemicals as well as gasoline (petrol). In 2023, the United States has led the world in both natural gas production and natural gas exports.