30 January 20182017 summary: Ukraine has produced 20.5 bcm of natural gas
Based on operational information, production in Ukraine in 2017 totaled to 20.5 bcm, which is 2.4% more than production in 2016. The petroleum industry has paid a total of 74.6 billion UAH of taxes, which is almost 10% of the State Budget revenues.
20 December 2017Cancellation of the repeated reassessment of reserves every 5 years should enter into force as soon as possible
Gas producers are confident that cancellation of this soviet-era rudiment is a progressive decision, and are expecting that cancellation of the norm will be implemented in practice as soon as possible.
19 December 2017Verkhovna Rada has passed the bill 3096-d in the first reading
On December 19, 2017, the Verkhovna Rada has made another step towards increasing domestic gas production and achieving the energy independence of Ukraine. 231 MP voted for the bill 3096-d, which should deregulate the gas production industry.
18 December 2017The Government has cancelled the requirement to reassess the reserves every 5 years
Today, on December 17, 2017, during the Government meeting dedicated to deregulation issues, the causeless requirement of repeated state expertise and assessment of mineral reserves every 5 years.
13 December 2017Royalty decentralization – a motivation for the locals
Royalty decentralization starting 2018 should make the locals more interested in cooperation with the gas production industry.
08 December 2017Verkhovna Rada has approved the tax initiatives for the industry
On December 7, Verkhovna Rada has made an important step to energy independence – has passed the amendments to the Tax Code of Ukraine.
13 November 20173.5% growth of gas production or why the growth is so slow?
On November 13, the Instruments of energy independence and industrial development parliamentary hearings were held in Verkhovna Rada.