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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.
Ukraine contains natural gas reserves of 39.6 billion cubic feet (1.12 billion cubic metres), but only about 20 percent of Ukraine's demand is met by domestic production. Deposits of iron ore (estimated at 28 billion tons), [ 130 ] manganese ore (3 billion tons), chalk and limestone (1.5 billion tons) are also large in Ukraine.
Different estimates may or may not include oil shale, mined oil sands or natural gas liquids. Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop.
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.
The Oleska shale gas deposit is an unconventional gas area in Lviv, Ivano-Frankivsk and Ternopil oblasts in Ukraine. It will begin production in 2017 and will produce natural gas and condensates . The total proven reserves of the Olesska gas field are around 53 trillion cubic feet (1.5 × 10 ^ 12 m 3 )(1500 km 3 ) and production is slated to be ...