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Ukraine signed a 50-year production sharing agreement with Royal Dutch Shell on 25 January 2013 involving the Yuzivska shale gas field. [9] [31] The $10 billion deal was the largest foreign direct investment ever for Ukraine. [31] Full shale gas production was expected to depend on successful results from 15 test wells. [31]
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 ...
Chornomornaftogaz is an integrated oil and gas company engaged in natural gas explorations and production, transport, storage, and distribution. It operates the Hlibovske underground gas storage. [15] Its offshore operations are concentrated primarily in the northwestern part of the Black Sea shelf. [7]
Oleksiy Chernyshov, the head of the largest state-owned gas producer Naftogaz, said earlier this year the country intended to increase gas production in 2023 to 19.1 bcm and hoped to go through ...
Ukraine increased oil and gas production in 2023 up to 18.7 bcm. [ 131 ] In 2019, Ukraine was the 7th largest world producer of iron ore, [ 132 ] the world's 8th largest producer of manganese , [ 133 ] 6th largest producer of titanium , [ 134 ] and 7th largest producer worldwide of graphite . [ 135 ]
It is a vertically integrated company with a complete production cycle: from exploration of gas and gas condensate reserves, field development, transportation, gas processing and condensate and oil refining to sales. [3] The company is Ukraine's largest natural gas producer, producing 70% in the country's production. [4]
Slovakia, which has a long-term contract with Russian oil giant Gazprom, has been trying to keep receiving gas through Ukraine, saying buying elsewhere would cost it 220 million euros ($228.73 ...
A dozen Democrats are urging the Biden administration to quickly approve new projects that can ship natural gas to Ukraine and other countries in Eastern Europe. In a new letter sent Friday but ...