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Gas, coal production in Ukraine to be increased, - PM

Source : 112 Ukraine

Increasing the production of Ukrainian gas by 5% or more every year will reduce its cost for the population and Ukrainian industry
12:11, 21 December 2021

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Prime Minister Denys Shmygal announced his government's plans to increase gas and coal production in Ukraine as the Cabinet of Ministers reported.

“We understand how we will move in the coming years, how we will increase Ukraine's energy independence. To date, a dozen agreements on the distribution of products have been signed for almost $10 billion in investments, which will ensure an increase in Ukrainian gas production by 5% or more annually. This, in turn, will ensure a decrease in gas prices for the population and the Ukrainian industry,” the prime minister said.

Related: Problem of coal deficiency at Ukraine's TPPs could be solved at cost of gas, - Energy Ministry

Moreover, according to Shmygal, the Cabinet is also working to increase coal production in Ukrainian mines and increase its imports in the winter. This will make it possible to arrange supplies of 2-2.3 million tons of coal monthly, if necessary, 1.7-1.9 million tons.

According to the Russian state concern Gazprom, gas reserves in Ukrainian UGS facilities have dropped almost to the level of the beginning of injection. As of mid-December, the volume of gas in the storage facilities was 15 billion cubic meters.

Related: Discussion of crises in Belarus and Ukraine should take into account gas prices, - Borrell

As we reported, the spot price of gas in Europe reached over $1,900 per thousand cubic meters as of the morning of December 20.

Earlier, the Security Service of Ukraine (SBU) warned of possible heat and electricity supply cut off due to coal shortages.

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