Natural gas in Ukraine

rdf:langString Natural gas in Ukraine

rdf:langString Ukraine has been estimated to possess natural gas reserves of over 1 trillion cubic meters, and in 2018 was ranked 26th among countries with proved reserves of natural gas. Its total gas reserves have been estimated at 5.4 trillion cubic meters. In 2021, Ukraine produced 19.8 billion cubic meters (bcm or Gm3) of natural gas. To satisfy domestic demand of 27.3 bcm that year, Ukraine relied on gas imports (2.6 bcm) and withdrawal from underground storage (4.9 bcm). Winter demand can reach 150 mcm per day. To meet domestic demand, Ukraine plans to increase domestic natural gas output to 27 bcm. During Soviet times, Ukraine produced a record of 68.7 bcm in 1976. At the time of independence in 1991 production was at 26.6 bcm, and fell in the 1990s to about 18 bcm. Since the mid-2000s production has stabilised between 20 and 21 bcm. According to a report issued by the OECD, over 70% of domestic gas production is extracted by UkrGasVydobuvannya, a subsidiary of the state-owned company Naftogaz. Private gas production companies in Ukraine are DTEK Oil&Gas, Ukrnaftoburinnya, Burisma, Smart Energy, Poltava Petroleum Company, Geo Alliance Group, and KUB-GAS. Ukraine stopped buying gas from Russia in November 2015 to reduce gas dependence after the outbreak of the Russo-Ukrainian war, but instead buys it indirectly from traders in Western Europe as part of the Russian gas that transits through Ukraine. In earlier disputes in 2006 and 2008, Russia stopped gas delivery to the country. In 2009, 80% of the European Union gas from Russia was delivered via Ukraine as transit country.