Ukraine can strengthen investment in its oil and gas sector by focusing on three priorities: updating geological data, enabling broader partnership models and aligning industry practices with international standards, DTEK Oil&Gas Executive Director Nataliia Grebeniuk said at the European Business Association's Mining Day. Grebeniuk said the measures could help unlock investment needed to sustain and expand gas production as the sector continues to operate under wartime challenges and repeated attacks on energy infrastructure.
The one of the priorities is updating geological information on hydrocarbon reserves and resources to meet current Ukrainian and international standards, making projects easier for investors to evaluate.
Besides, Ukraine should continue discussing mechanisms that would allow companies to use a wider range of partnership formats. Joint activity models are widely used internationally to pool resources and expertise, but their application in Ukraine's gas sector remains constrained by tax rules.
One more priority is further aligning the country's oil and gas industry with international business and contracting standards, increasing transparency and providing investors with clearer and more predictable operating conditions.
"Creating conditions that encourage investment remains critical for the future of Ukraine's gas production sector," Nataliia Grebeniuk, DTEK Oil&Gas Executive Director, said. "Continued dialogue between government and business will support new projects, deepen international co-operation and strengthen the country's energy resilience."
