Government simplifies rules for development of private gas production: Prime Minister

The Government has made an important decision to accelerate domestic gas production. This was announced by Prime Minister Denys Shmyhal during a meeting of the Cabinet on 29 April.

“We are simplifying the procedures for private oil and gas companies to set up energy storage facilities and build the facilities necessary to connect to the Ukrainian gas transmission system,” the Head of Government said.

He also reminded that during a working visit to the United States, the government team signed an important energy agreement with the World Bank.

“We will receive additional financing in the amount of USD 70 million. These are funds for Ukrhydroenergo to purchase solar panels and batteries for four generation facilities. Their total capacity will be more than 230 MW,” said Denys Shmyhal, adding that last year Ukraine agreed on EUR 200 million of assistance from the Italian government and the EBRD to restore hydropower, of which the first tranche of EUR 50 million has already been received.