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You're reading: Azarov says domestic gas reserves will last many years
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“We have measured gas reserves of about two trillion cubic meters of natural gas on the shelf. There are also gas reserves in shale deposits. It’s clear from the figures I provided that our own gas reserves are enough to last many years. It’s only important to ensure their operation. And this requires a lot of costs,” he wrote on his page on Facebook, while communicating with users on Friday.

“International experience shows that it’s necessary to spend about $1 billion in order to increase gas production by one billion cubic meters. That’s why, I set a realistic term for ensuring the provision of Ukraine with domestic gas,” he added.

As reported, during the ninth Yalta Annual Meeting “Ukraine and the World: Addressing Tomorrow’s Challenges Together,” which was organized by the Yalta European Strategy (YES), in partnership with the Victor Pinchuk Foundation, on September 17, Azarov said: “Ukraine will fully provide itself with its own natural gas reserves in 15 years.”

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