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THE ASSOCIATION'S OIL AND GAS INDUSTRY ROADMAP HAS RECEIVED AN EXPERT OPINION


The Association of Gas Producers has continued the discussion of future gas production industry reforms amongst the famous Ukrainian experts. The round table, dedicated to the detailed discussion of the Roadmap in the Oil and Gas Industry in the Tax Policy part, has joined together the representatives of the Razumkov Center, the Subsoil Users Association, the Gas Traders Association, the EITI project, Everlegal, Easy Business companies, specialized journalists from Dzerkalo Tyzhnia, Unian, Hubs news agencies. The discussion that was publically initiated by the Association at the round table, has resumed in the expert environment.

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What is choking gas production in Ukraine?

October 20th, 2015
Liga.Blogs
 
The theme of energy independence has become a top issue discussed in government circles and in the Ukrainian society. However, analyzing the results of the government effort in this context, the question arises about the "underperformance" of the plans Ukrainian politicians. For the actual confirmation of such serious accusations give a little sad statistics. For example, gas production in Ukraine in January-August 2015 amounted to 13.17 billion m3, which is 2.2% lower than a year earlier. "Naftogaz Ukraine" for eight months reduced production by 4.9%. Gas production in August 2015 compared to the same month last year, declined by 1% - up to 1.68 billion m3. Nftogaz mining companies in August fell by 6.5%. The reason of the lower production volumes in 2015 were high tax rates on natural gas and as a result - the mining companies have reduced or even stopped any investment.
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Association "Subsoil users of Ukraine" urges the government and MPs to reduce the competitive rates of rent

September 16, 2015
Geonews.com.ua
 
Energy market participants urge the government and the Verkhovna Rada of Ukraine to establish fair competitive rates of rent payments for public and private gas producing companies. This was stated by president of the association "Subsoil users of Ukraine" Roman Storozhev at the round table "Will Ukraine be with gas: mining, taxes, investments," held at September 10, 2015 in Kyiv.
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Roman Storojev: Mining companies legally obliged to report on pay taxes

June 23, 2015
Oil-gas-energy.com.ua

June 16th, 2015 the Verkhovna Rada adopted the Law "On amendments to some legislative acts of Ukraine concerning the strengthening of transparency in the extractive industries in Ukraine." For the adoption of the bill №2591 generally voted 238 deputies. The main purpose of the bill - to ensure the availability and transparency of financial information on the activities of mining companies to minimize corruption component in the production and increase the investment attractiveness of the industry.

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Ukrainian gas production in urgent need of reform - experts

April 8, 2015
Oilreview

April 3, 2015 at the International Centre for Policy Studies (ICPS), a round table on the topic: "Is there a future gas industry of Ukraine." Participation in the discussion were representatives of the Ministry of Energy and Coal Industry of Ukraine, the State Fiscal Service, the Verkhovna Rada Committee on Energy, gas companies, associations and specialized companies and industry experts.

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R. Storozhev: with the introduction of standard EITI, the state will have to report how many received with subsoil and for taking

April 07, 2015
Oil-gas-energy.com.ua

Prospects for the development of gas production business in Ukraine are very good in terms of long-term strategy. If we talk about the short-term plans of mining companies and the possibility of their business interests, while operating conditions to develop business for the extraction of hydrocarbons in Ukraine is difficult and not cost-effective. Why are such radically different predictions can be made? Writes about this in his blog Roman Storozhev, president of the Association "Ukrainian Subsoil users."

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Roman Storozhev: «The opening of access to geological information will increase the investment attractiveness of the oil and gas industry»

April 6, 2015
http://shalegas.in.ua/

Roman Storozhev, president of the Association "Subsoil users of Ukraine" commented progress in improving access to the geological information and challenges faced by the government in this area.

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Tax policy in the sphere of gas production decline threatens the industry - experts


Oilreview
March 11, 2015

March 2, Parliament adopted the Law of Ukraine №2213 «On Amendments to Articles 165 and 252 of the Tax Code of Ukraine", which amends the scope of natural gas public companies. The law establishes the rent increase from 20% to 70% for gas producing companies in which the state owns 50% + 1 share. Private companies are also not in a better position.

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Subsoil users are willing to use EITI


LigaBlogs
March 10, 2015

The lion's share of state budget of Ukraine formed mining companies. But ignorance of society on the flow of subsoil users and the fair distribution of these funds often leads to the fact that there is a distrust of companies distortion amount of their income. Through the implementation of EITI standard first population and business and investors could watch the payments to the state subsoil users and their distribution.

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Double Bottom


"Terminal" № 1- (752) on March 9, 2015

Further and further Ukraine moves towards implementation Initiative Extractive Industries Transparency (IPDO). In January 2015 members of the Multilateral stakeholder group in Ukraine EITI reporting templates drafted in accordance with the requirements of the Initiative, which was published for public discussion. EITI International Secretariat noted improvements in key components of reports, but in this line of activity is still mnoho.leduyuschim step for implementing IDPO should be the first publication of data in accordance with standard Extractive Industries Transparency Initiative in October 2015 report mining company, for its part, must disclose payments to the budget and the government - the revenue from mining companies.
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Subsoil 2014. Emergency motions

January 15, 2015
Roman Storozhev, "Terminal" № 1 (743) on January 5, 2015
 
If a couple of years ago to take stock of the mining industry has been difficult because of the closeness of the information is already public in 2014 were not only senior managers of most oil and gas companies, but officials in geology. As a result of the emergence of public dialogue among subsoil users, including international geological organizations, for the first time in Ukraine has become available on-line digital information about the special permit for subsoil use and mining companies have been actively speak out about planned innovations in the industry, making, thus agenda regulators questions regarding these or other problems in the industry.
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Look into the oil future


January 8, 2015
"Terminal" № 2

The past year marked a record for the last five years fall in oil futures. While the "black gold" clearly lost in value, some states counted loss, others - profit. Falling oil prices brought about changes in the plans of the major geopolitical players. What will happen next?
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"TIME" PROBLEMS


December 2, 2014
"Energobusiness"

Reduction of Ukraine's dependence on hydrocarbon imports is impossible without attracting large private investments in oil and gas production. At the same time, the state policy in the sphere of subsoil use still causes a lot of complaints from investors. The current system in the country to use subsoil does not meet current world trends, and adopted in the current year non-market mechanisms for regulating relations, in particular between suppliers and consumers of natural gas in general can lead to a decline in its production.
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Trouble has come - it pours

"Terminal" № 47 (737) on November 24, 2014

Economic and political collapse of the extremely complicated operation of companies that are engaged in the production and implementation of such a valuable resource as gas. However, the Ukrainian government has decided to add to their already savory life a contribution by adopting a resolution on November 7 №596, who are obliged to industrial, energy and heat generating companies go for the purchase of natural gas exclusively from "Naftogaz of Ukraine".

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Under the terms of openness

October 14, 2014
"Energobusiness", №41 (879)
 
In October 2014 marks exactly one year as Ukraine has received the status of candidate country Extractive Industries Transparency Initiative (Extractive Industries Transparency Initiative, EITI). According to the decision of the Board Initiative, Ukraine should implement the necessary reforms in the subsoil and publish its first report on the implementation of EITI to 17/10/15, the
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Think long-term

August 19, 2014
"Energobusiness"
 
The system of taxation of subsoil users in Ukraine has changed: 07/31/14, Parliament approved amendments to the Tax Code, which resulted in increased rates twice as rent payments for oil, gas and condensate. Such measures may be forced to bring in additional state budget 4.8 billion USD, due to which the plan to ensure that the military needs.
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