Ukraine will change the energy strategy – Minister

Украина изменит энергетическую стратегию - министр

The Head Of The Ministry Alexey Orzhel

New energy Minister called the priorities of the Department: coal, gas production and gas transit.

In Ukraine there will be new energy strategy, said the Minister of energy and environmental protection Alexey Orzhel Monday, September 2, writes Interfax-Ukraine.

“The energy strategy will definitely be revised, because we have a strategy that is not fulfilled,” he said.

In particular, the Minister noted the priorities to increase its own production of gas, as existing capacity is underutilized. According to him, in Ukraine the level of production corresponds to 1.2% of stocks, whereas a global trend in the world – 4-5%.

“There will be a legislative initiative to increase gas production. Market reforms are all welcome to invest,” said Orgel.

He said that the question of such investments had been discussed with U.S. negotiating partners in Poland, held at the weekend.

The head of Mineralogii also reminded that Ukraine has recently launched an open competition for licenses.

Orgel also named other priorities of the Department.

“The first priority is the coal stockpiles. We will show what is happening in the market, what is the situation in preparation for the autumn-winter period”, – said the Minister.

The second emergency priority according to him is Naftogaz and the signing of the contract for gas transit.

As reported, during the visit of President Vladimir Zelensky in Warsaw, Ukraine, Poland and the United States signed a Memorandum on supplies of American liquefied natural gas.

 

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