18.01.2021

Gas production since the beginning of the year – 872 035 thcm

Average price on natural gas (resource of January) – 8100 UAH/thcm including VAT (100% prepayment terms)

TTF – 20,42 EUR/MWh

NCG – 19,84 EUR/MWh

GPL – 19,90 EUR/MWh

CEGH – 19,16 EUR/MWh

7 editions of production sharing agreements are consequently approved

29/12/20

Regards joint efforts and constructive work it was decided to approve seven editions of production sharing agreements (PSAs) on December 28. In a result it means carriage of new investment in the sector in the amount of at least $ 355 million and the development of seven promising oil and gas blocks with a total area of over seven thousand sq.

Above-mentioned tenders for the conclusion of production sharing agreements were conducted in 2019. Among the winners:

  • Ukrgasvydobuvannya (Buzivska, Berestyanska, Balakliyska, Ivanivska fields)
  • DTEK Oil&Gas (Zinkivska block)
  • Geo Alliance Group (Sofiyivska field)
  • Zakhidnaraservis (Uhnivska block)

We would like to point out cooperative constructive work of investors, representatives of the Cabinet of Ministers of Ukraine, the Ministry of Energy of Ukraine, the Ministry of Justice of Ukraine, the Ministry of Finance of Ukraine, the Ministry for Development of Economy, Trade and Agriculture of Ukraine, the State Service of Geology and Subsoil of Ukraine, MPs and all members of the texts of agreements.

We are convinced that the signing of the PSAs will be a significant foundation for increasing gas production in the country, will also create new jobs and accumulate budget allocations.

The official signing of the agreements should take place by January 12, 2021.

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