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The Ukrainian Gas Investment Congress, initiated by Naftogaz, was held in Kyiv on October 21-22 with the support of the Ministry of Energy of Ukraine and the Ministry of Environmental Protection and Natural Resources, Interfax-Ukraine reported.

The event was attended by ministers and leaders of organizations and companies of the highest level in the areas of exploration, production, processing, transportation and sales of gas.

Ukraine is able to fully supply itself with gas. This was stated by the chairman of Naftogaz of Ukraine Yuriy Vitrenko. He said that we can achieve this goal in five years and that success will depend on three factors: increasing gas production, increasing biogas production and improving energy efficiency.

During the first day of the event, Ukrainian and international senior officials, investors and technicians discussed the transformation of the Ukrainian gas sector and its key role for European energy security, as well as investment opportunities and partnerships in gas exploration and production.

A memorandum of understanding was signed during the congress with foreign companies: Dragon Oil from the UAE, Azerbaijan's SOCAR AQS, American Helmerich & Payne, Inc. (H&P) and 3 Seas Energy. These documents form the basis for partnerships planned in the framework of new strategic projects, such as the development of the Black Sea and gas deposits of dense rocks, as well as to increase the efficiency of production in depleted fields.

In addition, Romanian representatives at the congress stated that they support Ukraine with the start of natural gas production on the Black Sea shelf. After all, our country is one of the most important partners in the energy sector.

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