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
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
