Auctions will be held in the next six months for 44 exploration and production sites with total “projected reserves” of more than 1 trillion cubic meters of gas
Tuesday, June 19, 2018

Auctions will be held in the next six months for 44 exploration and production sites with total “projected reserves” of more than 1 trillion cubic meters of gas

Auctions will be held in the next six months for 44 exploration and production sites with total “projected reserves” of more than 1 trillion cubic meters of gas, the head of the State Geology and Mining Service promised Rada members Monday. Oleg Kirilyuk told a Rada meeting that auctions will be held for 14 sites on the Black Sea shelf and 30 on land, in eight regions. The regions and licenses are: Chernihiv – 1; Kharkiv – 4; Sumy – 4; Ivano-Frankivsk – 4; Dnipropetrovsk – 4; Odesa – 1; and Zakarpattya – 1. With Ukraine’s gas production stagnant in recent years, the Service has been criticized for auctioning only 43 licenses in four years.

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