Ukrainian company Ukrgazdobiv, which is part from the state-owned enterprise Neftogaz, started shale gas production, using the fracking method. The region of the drilling works was not disclosed, but according to the officials the first shale well was drilled in cooperation with leading European companies in the sector.
The country started shale gas production, aiming to reduce its dependency from the Russian natural gas deliveries and support its delaying economy. Ukraine has intention to stop its long-lasting decrease of natural gas production, planning to increase it by 35% to 27 billion cub m per year, which will be enough for the consumption of the country.
According to the data of US Energy Information Administration (EIA), Ukraine has 128 trillion cub m of shale gas, taking the fourth position in Europe. The statistics shows that the country produced 17.4 billion cub m natucal gas in 2015, which is the lowest level in last 10 years