July 26, 2016

July 26, 2016

The Association of Gas Producers has continued the discussion of future gas production industry reforms amongst the famous Ukrainian experts. The round table, dedicated to the detailed discussion of the Roadmap in the Oil and Gas Industry in the Tax Policy part, has joined together the representatives of the Razumkov Center, the Subsoil Users Association, the Gas Traders Association, the EITI project, Everlegal, Easy Business companies, specialized journalists from Dzerkalo Tyzhnia, Unian, Hubs news agencies. The discussion that was publically initiated by the Association at the round table, has resumed in the expert environment.

Gas extraction in Ukraine is necessary to stimulate the legislative instruments

Roman Storozhev, president of association "Subsoil users of Ukraine"
"Energobusiness", July 05, 2016

June 20 Energy Community Secretariat issued a monitoring report on the state of energy market reforms in Ukraine. The energy sector should be the key to the success of economic reforms in Ukraine. The opportunity for reform opened in the legislative field of Ukraine "On the natural gas market", such as the establishment of a market economically reasonable price for natural gas for all categories of consumers, increase energy security through diversification of natural gas supplies by expanding the capacity of reverse routes and build its own resource base . This claim European counterparts in the last report, the priority energy reforms noted in the government, and in the Verkhovna Rada.

April 25, 2016
The head of the Association "Subsoil Users of Ukraine": In order to increase its own gas production Ukraine needs a qualitative change in the field of subsoil use

April 25, 2016
Ukrainian gas production does not hand over positions, and private companies for I quarter of 2016 increased the volume of recoverable resources. Thus, in January-March of this year, gas production in the private sector increased by 30% or 244 million. Cubic meters. meters of gas. The top three among private mining companies shared space "Neftegazdobycha", "Esko-North" from Burisma Holdings, and "Ukrnefteburenie". production growth was made possible by reducing the rent at the end of 2015 and unchanged demand in the domestic market for natural gas, which mining companies sold at market prices. 
January 6, 2016
Year marked by struggle. What happened in Ukraine over gas producing field in 2015

"Terminal» №1 (795) on January 4, 2016

Literally on the eve of publication of this article extractive industry received good news: The Verkhovna Rada of Ukraine voted for the bill №3688, causing changes were made to the Tax Code of Ukraine, including in terms of rent. This was the most anticipated event for the gas industry. According to the State Statistics Service of Ukraine, natural gas production in the country in January-November 2015, excluding Russia annexed Crimea fell compared with January-November 2014 2% - to 17.8 billion cubic meters. m. Forecasts for the year were less optimistic, and falling on results expected in 2015 at 4%. To keep production figures was due to investments in previous years, but further implementation of tight fiscal policy in the future could lead to a rapid decline in the coming years.

What is choking gas production in Ukraine?

October 20th, 2015
The theme of energy independence has become a top issue discussed in government circles and in the Ukrainian society. However, analyzing the results of the government effort in this context, the question arises about the "underperformance" of the plans Ukrainian politicians. For the actual confirmation of such serious accusations give a little sad statistics. For example, gas production in Ukraine in January-August 2015 amounted to 13.17 billion m3, which is 2.2% lower than a year earlier. "Naftogaz Ukraine" for eight months reduced production by 4.9%. Gas production in August 2015 compared to the same month last year, declined by 1% - up to 1.68 billion m3. Nftogaz mining companies in August fell by 6.5%. The reason of the lower production volumes in 2015 were high tax rates on natural gas and as a result - the mining companies have reduced or even stopped any investment.
"Gas basket" Ukraine: what proportion of domestic gas will be?

September 21, 2015
"Zerkalo Nedeli"
Ukraine is to Russia not only long fights for the Donbass, and protracted diplomatic with the participation of the European Commission for the transit of gas through Ukraine and Russian gas supplies "Naftogaz" at prices of the European market. In short, the continued difficult bargaining for the second so-called winter package. Formally, September 16 at the Vienna talks the parties agreed on the main points, and is expected to sign an agreement next week in order to have from October 1, "Gazprom" resumed gazopostavki to Ukraine for its needs on a prepaid basis.
Subsoil users are willing to use EITI standards

April 7, 2015
The lion's share of the income of the state budget of Ukraine formed mining companies. But ignorance of society on income from subsoil and the fair distribution of these funds often leads to the fact that there is a distrust of the companies, the distortion amounts of their income. Thanks to the implementation of the EITI standards in the first place the population as well as business and investors could watch the payments to the state subsoil and their distribution.


Tax policy in the sphere of gas production decline threatens the industry - experts

March 11, 2015

March 2, Parliament adopted the Law of Ukraine №2213 «On Amendments to Articles 165 and 252 of the Tax Code of Ukraine", which amends the scope of natural gas public companies. The law establishes the rent increase from 20% to 70% for gas producing companies in which the state owns 50% + 1 share. Private companies are also not in a better position.

Subsoil users are willing to use EITI

March 10, 2015

The lion's share of state budget of Ukraine formed mining companies. But ignorance of society on the flow of subsoil users and the fair distribution of these funds often leads to the fact that there is a distrust of companies distortion amount of their income. Through the implementation of EITI standard first population and business and investors could watch the payments to the state subsoil users and their distribution.

Double Bottom

"Terminal" № 1- (752) on March 9, 2015

Further and further Ukraine moves towards implementation Initiative Extractive Industries Transparency (IPDO). In January 2015 members of the Multilateral stakeholder group in Ukraine EITI reporting templates drafted in accordance with the requirements of the Initiative, which was published for public discussion. EITI International Secretariat noted improvements in key components of reports, but in this line of activity is still mnoho.leduyuschim step for implementing IDPO should be the first publication of data in accordance with standard Extractive Industries Transparency Initiative in October 2015 report mining company, for its part, must disclose payments to the budget and the government - the revenue from mining companies.