The Association of Gas Producers of Ukraine has become an associate member of the UIA «Federation of Employers of the Oil and Gas Industry». The parties also signed a memorandum of understanding and cooperation.
Uniting forces to promote the development of the gas industry will contribute to the achievement of better results and will get Ukraine closer to energy independence. And this is one of the priorities not only for the oil and gas industry, but also for the country's economy in general. After all, increasing the volumes of domestic gas production will help to reach import independence, as well as create new jobs and generate additional revenues to state and local budgets.
"Ukraine has a good potential for further development of gas production. There are hundreds of billions of cubic meters of reserves in the domestic subsoil, which can and should be thoroughly explored and developed. The beginning of production on the Black Sea shelf and the Yuzivska block onshore will give a powerful impetus to our industry and the entire economy. And modern technologies which are to intensify production will help maintain existing fields. Therefore, our common task is to promote the reformation of the industry and simplify bureaucratic procedures, that creates and open space for companies to focus as much as possible on the extractive business.” - said Vitaliy Shcherbenko, Chairman of the «Federation of Employers of the Oil and Gas Industry».
The Association of Gas Producers of Ukraine unites the 9 largest state and private gas production enterprises of Ukraine. Together, the Association's companies extract 93% of Ukrainian gas, create more than 26 000 jobs and ensure 5% of state budget revenues.
"We are pleased to join the largest unity of oil and gas companies in Ukraine. We will continue to work together on important initiatives for the development of domestic gas production. We are talking about improving the regulatory environment, providing tax incentives for the oil and gas sector, keeping the rules of the game unchanged, attracting new investments, and ensuring energy security of our country." - said Artem Petrenko, Executive Director of the Association of Gas Companies of Ukraine.