Ukraine ready to put 44 fields with 150 bcm of gas stocks up for sale at auctions

12:09, 26.07.2018 1 min read

Ukrainian Prime Minister Volodymyr Groysman has said that the country is ready to put 44 fields with 150 billion cubic meters (bcm) of gas stocks up for electronic auctions.

"Today we are making a decision to open information about geospatial data and about holding auctions. We have prepared 44 land parcels with 150 bcm of gas stocks, which require investment and technologies," he said, opening a government meeting on Wednesday.

"Our task is clear - to open all the geological information about the deposits, to provide opportunities of arriving to the country for Ukrainian and world business on the basis of transparent auctions and extract Ukrainian gas so that we refuse to import it. As soon as we refuse to import gas, we would immediately decisively reduce gas prices, and we would not depend on the global gas price," he added.