Date: 7 months ago   Category: Energy

The Verkhovna Rada has told about "enormous" reserves of gas in Ukraine — Rambler News Service


Photo: RIA Novosti Ukraine possesses "enormous" reserves of gas which on volume are the Europe's third and one of the world's largest. It on air of NewsOne TV channel was said by the deputy of the Verkhovna Rada Sergey Taruta. "Ukraine has enormous reserves of gas, the Europe's third and one of the biggest in the world. What is necessary for the country? 5-7 billion investments into oil and gas branch with use of new modern technologies which completely will provide us independence on import are necessary. It means that we will lower the prices at us. It can be done in five years" — Taruta has told. According to him, in 7-10 years Ukraine will be able to export "huge" volumes of gas, lowering the market price of 50% that in turn will allow to lower tariffs. "In 7-10 years we will be able to export huge volumes, lowering the gas price for 40-50%. It means, as all tariffs will be lower. It means that our production which is made from gas will be more competitive. There will be more profit, the budget, each enterprise and the person will earn more. It means that we will consume much less, than today, import gas, import oil. It will give us stability" — he has added. Ukraine has suspended purchases of the Russian gas since November 25, 2015. Now the country buys gas on a reverse from Slovakia, Hungary and Poland. Also pumping gas in UGS is carried out due to own production.

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