Immediate Release: 18 October 2021, Kyiv
- The National Joint-Stock Company Naftogaz of Ukraine has launched the first “Ukraine Gas Investment Congress” to attract international investors and partners for gas projects in Ukraine and facilitate their practical implementation
- The large-scale event will be opened by the country’s chief executives, with 45 Ukrainian and foreign high-profile speakers and about 500 political and business industry leaders from around the world participating
- Ukraine’s investment climate has greatly improved, contributing to the goal of energy independence by 2030 and recognition of the country’s central role in gas supply to Europe
- Those who attend will learn about how Europe and the world are responding to the energy crisis in partnership with Ukraine
On 20-21 October, Kyiv will host the Ukraine Gas Investment Congress initiated by the National Joint-Stock Company Naftogaz of Ukraine and supported by the Ministry of Energy of Ukraine and the Ministry of Environmental Protection and Natural Resources of Ukraine.
Congress participants will discuss the ongoing transformations in Ukraine’s energy sector, potential for further gas extraction and the technology required to enable this, as well as the role of gas in energy transition and other pressing issues in the gas sector.
The Congress comes at a time of energy crisis in Europe and heightened relevance of the gas sector both to the business community and the general public. The experts will also aim to deepen the understanding of how the gas crunch will affect Ukraine and Europe in general, as well as what solutions are available to the international community.
The event will bring together ministers, investors, representatives of multinational and Ukrainian businesses, leading international institutions and a wide circle or energy industry experts. The speakers include Virgil Daniel Popescu (Minister of Energy of Romania), Sergiy Makogon (Chief Executive Officer of the Gas Transmission System Operator of Ukraine), James Watson (Secretary General, Eurogas), Charles Cormier (Regional Director for Infrastructure, Europe and Central Asia, World Bank), Rovnag Abdullayev (President at SOCAR) and others.
“Historically, Ukraine has been perceived as a country that is not quite open to investments in the gas market. Today, we are demonstrating a favorable investment climate in both gas production and other production chain sectors. At Naftogaz, we are making this process as efficient and simple for our prospective partners and investors as possible. We are convinced that gas production by the national company will grow significantly in the next 2-3 years, which will enable us to stop importing it”, said Yuriy Vitrenko, CEO, Naftogaz of Ukraine.
Ukraine has the second largest gas reserves in Europe and powerful gas transit and storage capacity, which makes it key to ensure energy security in the region. Being one of the most ecological fossil fuels, natural gas will play an important role in Europe and the world’s energy transition for at least another 15-20 years.
Jointly with Naftogaz, the Ukrainian government has formed a gas production investment project portfolio, which is the most promising in Europe and covers both new assets and depleted fields with high residual potential. In 2021, Naftogaz was granted access to 40 thousand square kilometers of land and offshore areas for exploration and evaluation.
The increase of gas production within the available projects requires an investment of $20-25 billion in the next 10 years, as well as new technology, equipment and expertise.
As German Galushchenko, Minister of Energy of Ukraine, summarized: “Ukraine has huge potential in its gas sector and this Congress is a great opportunity to deepen cooperation and unlock new opportunities with our international partners, as well as convey our plans and prospects to the stakeholders and the public.”
Ukraine Gas Investment Congress
Date: 20-21 October 2021
Venue: Parkovy Convention and Exhibition Center, 16-а Parkova Doroha St., Kyiv
4 pillars of the Congress:
- Ukraine’s energy landscape
- Investment laws and openings
- International partnership
- Geopolitics, energy independence and security
- Licensing rounds, regulatory and financial frameworks
- Corporate governance
- Industry transformation
- Market deregulation
- Investor-friendly business model transparency
- New contractual frameworks and fiscal regimes
- ESG investor trends and data reporting
- Transforming exploration and production
- Conventional and unconventional gas development
- Infrastructure modernization
- Transportation and storage
- Trading and pricing
- Technology
- Accelerating technology innovation
- Promoting R&D investment
- Digitalization and Industry 4.0
- Accessing international know-how
- Increasing operational efficiency
- Gas technologies development
- Energy transition
- Decarbonizing hydrocarbons
- Building an integrated energy company
- Carbon capture, utilization and storage (CCUS) technologies
- Hydrogen production, transportation and infrastructure
- Investing in circularity and the energy value chain
- Energy efficient raw materials
For more details on the event program click here.
About Naftogaz:
Naftogaz of Ukraine is Ukraine’s national oil and gas company, one of the largest players in the gas market of Central and Eastern Europe. In 2020, Naftogaz produced 14.2 bcm of gas, which accounts for more than 70% of overall natural gas production in Ukraine.
About dmg :: events:
DMG is a leading event organizer in a few key industries. Its energy portfolio includes some of the world’s largest energy events like Gastech, ADIPEC and Global Energy Show.
