Ukraine opens arms to upstream investors
The country has large untapped gas reserves and wants foreign partners to help unlock them
Ukraine offered a further tranche of onshore blocks on 29 January, as it seeks to revive the fortunes of an upstream gas industry that has struggled to realise its potential since the end of the Soviet era. The government hopes to lure fresh interest through revamped sector legislation and greater business transparency, but international investors are likely to proceed with caution, at least until after presidential elections at the end of March. Since December, 17 onshore blocks have been made available via so-called "e-auctions" and 12 blocks via PSAs. The PSAs are open to foreign and domestic investors, while the auctioned blocks are open only to domestic companies. In total, 42 onshore b
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
