One of the strategic objectives for the Government is to achieve energy independence and to switch from being an importer to a potential exporter of resources in the future. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the 10th Anniversary Adam Smith Conference Ukrainian Energy Forum, which is taking place on these days in Kyiv.
The Head of Government stressed that backpedaling of the program to ramp up the production of resources, first of all, of gas is unacceptable.
"It is vital for us to attain energy independence", said Volodymyr Groysman. "And we will find opportunities for the national gas-extracting company to be effective and achieve the goals that the state is facing as a whole. Our objective is to produce more, to consume effectively and to transform from the importing country into a country that is capable to fully satisfy its demands in the resources."
According to Volodymyr Groysman, satisfying in full the domestic gas needs will allow the introduction of new fair pricing formulae for the resource.
"Now we must use every opportunity", added the Prime Minister. "The next 5 years, we can achieve the goal that we face - to provide ourselves with resources, to ensure the stability of the energy sector and to fix energy independence.
According to the Ministry of Energy and Coal Industry of Ukraine, in 2018 total gas production amounted to almost 21 billion cubic meters. The mining segment demonstrates positive dynamics for three consecutive years. At the same time, the extraction growth rates should be headier.
Therefore, the Government in synergy with the Parliament and the expert community, has taken a number of steps to stimulate extraction and attract as many companies as possible to conduct business in the gas sector of Ukraine. In particular, among the achievements are stimulating taxation for drilling new gas wells, the introduction of a five-year moratorium on changing rental rates, adoption of the law on decentralization of rent with 5% of rent remaining in the regions, deregulation of the licensing system, opening access to the geological information.