The Ukrainian Gas Investment Forum’16, organized by A7 CONFERENCES under the patronage of the Ministry of Energy and Coal Industry of Ukraine, was held at the InterContinental hotel in Kiev on March 23. Its co-organizer and strategic partner were Dentons and the Association of Gas Producers of Ukraine respectively.
The event has become a leading platform for a dialogue between government and business, bringing together experts from Ukraine and 20 countries to attract foreign investment in the gas sector. The next Ukrainian Gas Investment Forum will take place on March 2, 2017.
More than 350 senior executives from such companies as DTEK, UkrGazDobycha and UkrNefteGazInvest participated in this Forum. In particular, the forum was attended by representatives of state bodies and international organizations, domestic and foreign gas companies, foreign investors and over 100 media representatives.
Making an opening address to the Forum, deputy prime minister Gennady Zubko stated: “Today we need not only investments, but the full reboot of a system and transition to the real market. Modifying the payment system, transiting from clearing to real money, developing a system of the motivation to consume rationally, and thermodernization will allow us to make a breakthrough in the industry.”
The Association of Gas Producing Companies of Ukraine was presented at the Forum. Reportedly, the association was established to increase domestic gas
production, create a friendly investment climate and implement the best industry practices. It includes the following companies: UkrGazDobycha, DTEK,
Neftegaz, Burisma, Geo Alliance Group, Smart Energy, KUB-Gaz and the Poltava Petroleum Company. Overall, they produce 88% of Ukrainian natural gas.
Aleksandr Romanyuk, first deputy chairman of UkrGazDobycha, said: “To hit the targets of the program 20/20 that provides for production of 20 billion cubic meters in 2020, UkrGasDobycha plans to implement an investment plan scheduled for five years, which is estimated at a total of around 80 billion grivnas. The funds are necessary to finance technical reequipment, exploration of new fields, and drilling of new boreholes.”
Discussing prospects of the gas market in Ukraine, UkrNeft chairman Mark Rollins attached particular importance to a rise in competitiveness of the market, amending tax legislation, the introduction of new advanced technologies and improvement of the professional competence of a staff. “On the Ukrainian gas market, I want to see as many new members who will provide competition,” he said. “They will not only make financial contributions, but also communicate new knowledge and skills. Therefore, competition promotes innovation development”.
Live broadcasting: www.a7conf.com/gas
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