Poland’s PGNiG invests in gas exploration in Ukraine.
The Polish state-owned oil and gas company has signed an agreement with the Ukrainian-American Energy Resources of Ukraine (ERU) on joint exploration of gas in Ukraine. The Polish company is purchasing a controlling stake( 85%) in Karpatgazvydobuvannia, the sole holder of a license to extract gas at Biblivska Oil and Gas Square in western Ukraine, in the area adjacent to the border with Poland. Drilling will begin in the second half of 2022 with further testing planned. If positive results