Open AccessThe gas sector of Ukraine: past and future
Author(s) -
Oksana Voytyuk
Publication year - 2020
Publication title -
wschodnioznawstwo
Language(s) - English
Resource type - Journals
eISSN - 2720-0825
pISSN - 2082-7695
DOI - 10.4467/20827695wsc.20.012.13340
Subject(s) - ukrainian , gas pipeline , investment (military) , business , pace , black sea , economy , international trade , economic policy , natural resource economics , political science , geography , economics , engineering , politics , geology , philosophy , linguistics , oceanography , geodesy , law , petroleum engineering
The Ukrainian gas sector has a long history. Ukraine ranks third in Europe in terms of gas potential. Regardless of such great potential, Ukraine still imports gas. There are three gas-bearing regions in Ukraine – Carpathian, Dnipro-Donetsk and Black sea region. Gas production began at the beginning of the 20th century. After the Second World War, Ukraine was the main exporter of gas from the USSR to Eastern Europe. Today, private companies provide the majority of gas production in Ukraine. Currently, the largest gas deposits are mature, and the newly discovered deposits require large investment outlays. The Ukrainian gas pipeline system has strategic importance and it is connected to underground gas storage facilities. Currently, the system works only on 50% of its own capacity due to the decrease in the volume of gas transit through Ukraine from Russia. The biggest problems in the gas sector are corruption related to the issuing of licenses for the development of new deposits and the lack of an appropriate pace of energy reforms. The proper implementation of the 2035 Energy Strategy may help improve the situation in this sector.