Page 14 - UKRRptAug20

According to the Provisions on Imposing Special Obligations on Natural Gas Market Entities to Ensure General Public Interests in the Process of Functioning of the Natural Gas Market, Ukrgasvydobuvannya and Chornomornaftogaz shall sell all produced natural gas to Naftogaz Ukraine:
· by 1 August 2020 – for formation of the natural gas resources for household consumers, religious organisations (except for the volumes used for their production and commercial activities), the state enterprise of Ukraine International Children’s Center “Artek”, and
· by 1 May 2021 – for the formation of the natural gas resource for thermal energy producers for all categories of natural gas use.
According to the BP Statistical Review of World Energy 2020 (69th edition), Ukraine’s total proved reserves at the end of 2019 are 1.1 trillion m3, which is the second largest in Europe after Norway.
Ukraine regularly holds tenders to involve investors in the field of gas production under the terms of the Production Sharing Agreements, as well as the auctions for the sale of special permits for subsoil use (including gas extraction).
Gas import and export
The gas import in Ukraine is carried out by Naftogas Ukraine and other wholesale buyers and sellers.
Results of Q1 2020 under the NEURC results of monitoring:
· natural gas was not exported in Q1 2020
· the volume of natural gas imports of Naftogaz Ukraine in Q1 2020
amounted to 445.85 bcm, which is 12 times less than in Q4 2019
and 35% less than in Q1 2019
· the total volume of purchased natural gas abroad in Q1 2020 was
about 2.7 bcm, of, which:
· 80% – 2.2 bcm is imported natural gas, and
· 20% – 0.55 bcm is the natural gas that was pumped into
underground gas storage facilities in the customs regime of the
14​ UKRAINE Country Report​ August 2020 ​ ​www.intellinews.com