Ukraine has Europe’s third largest gas reserves, but production covers only 65% of the demand

Ukraine has Europe’s third largest gas reserves, but production covers only 65% of the demand, businessman Pavlo Fuks told a Rada energy round table Friday. In recent years, obstacles included: shakedowns by local governments, the lack of transparent license auctions, lack of public access to geological information, and the State Geology Service that needs to be turned into a truly service-oriented agency. He said progress is being made in some areas.