The Azov Sea x 2: gas, oil and gas condensate reserves in Ukraine

Ukraine is one of those countries that have all types of fossil fuels: oil, natural gas, condensate, coal, peat, oil shale. Kosatka.Media figured out how much gaseous and liquid minerals we have.​


 

According to the Mineral Resources of Ukraine project, our state has gas reserves of 779 billion cubic meters. Of these, 680 billion are being developed. 20.2 billion cubic meters of gas were produced last year. To make a point, we compared these volumes with the Azov Sea, which has 320 billion cubic meters of water. Therefore, we have the Azov Sea x 2.4 of gas reserves.

Ukrainian oil reserves amount to 94 million tons (of which 79 million tons are being developed). And this is half of Lake Svitiaz, which has 180 million tons of water.

We have 39 million tons of gas condensate reserves (of which 33 million are in the development stage). And this is like the ¾ of the Kuialnytskyi estuary with 52 million tons of water. In 2020, 2.4 million tons of oil and gas condensate were produced.

However, analysts mention that the degree of provision of reserves, their production and use in Ukraine are not the same and, in total, do not create the necessary level of energy security of the state.

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Tags: gas, oil, stocks, oil reserves

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