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Yuzivska Gas Field
The Yuzivska gas field ( ukr, Юзівська газова родовище) is an unconventional Natural gas in Ukraine, Ukrainian natural gas field that was discovered in 2010. It was expected to begin production in 2017, but development was halted because of the outbreak of the War in Donbas (2014–2022), 2014 war in the Donbas region near the field, a sharp plunge in European natural gas prices (making the costly shale gas development less profitable), and opposition from local residents. Background Ukraine's largest natural gas fields are about 80-85% depleted although there are still large quantities of unexploited gas reserves stored in hard-to-reach areas or solid rock, including the Yuzivska gas field. Since December 2020, the rights to the Yuzivska gas field has been held by the Nadra Yuzivska company, which is owned by Ukraine's state-owned Naftogaz. Extraction The Yuzivska block covers an area of 7,886 km2. The total proven reserves of the Yuzivska gas field ...
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ...
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Donetsk Oblast
The Donetsk Oblast ( ukr, Донецька область, Donetska oblast, ), also referred to as Donechchyna ( ukr, Донеччина, links=no), is an oblast of eastern Ukraine. It is Ukraine's most populous province, with around 4.1 million residents. Its administrative centre is Donetsk; however, its Regional State Administration has been temporarily relocated to Kramatorsk because of the ongoing Russo-Ukrainian war. Historically, the region has been an important part of the Donbas region. From its creation in 1938 until November 1961, it bore the name ''Stalino Oblast'' as Donetsk was then named "Stalino", in honour of Joseph Stalin. As part of the de-Stalinization process, it was renamed after the Siversky Donets river, the main artery of Eastern Ukraine. Its population is estimated as The oblast is known for its urban sprawl of Donetsk–Makiivka and Horlivka–Yenakiieve and it is often associated with the coal mining industry. The war in Donbas and the subsequen ...
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Kharkiv Oblast
Kharkiv Oblast ( uk, Харківська́ о́бласть, translit=Kharkivska oblast), also referred to as Kharkivshchyna ( uk, Ха́рківщина), is an oblast (province) of eastern Ukraine. The oblast borders Russia to the north, Luhansk Oblast to the east, Donetsk Oblast to the south-east, Dnipropetrovsk Oblast to the south-west, Poltava Oblast to the west and Sumy Oblast to the north-west. The area of the oblast is 31,400 km², corresponding to 5.2% of the total territory of Ukraine. The oblast is the third most populous province of Ukraine, with a population of 2,633,834 in 2021, more than half (1.43 million) of whom live in the city of Kharkiv, the oblast's administrative center. While the Russian language is primarily spoken in the cities of Kharkiv oblast, elsewhere in the oblast most inhabitants speak Ukrainian. Geography The oblast borders Russia (Belgorod Oblast) to the north, Luhansk Oblast to the east, Donetsk Oblast to the south-east, Dnipropetrovsk Obl ...
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Shell Plc
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whic ...
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Natural Gas In Ukraine
Ukraine has been estimated to possess natural gas reserves of over 1 trillion cubic meters, and in 2018 was ranked 26th among countries with proved reserves of natural gas. Its total gas reserves have been estimated at 5.4 trillion cubic meters. In 2021, Ukraine produced 19.8 billion cubic meters (bcm or Gm3) of natural gas. To satisfy domestic demand of 27.3 bcm that year, Ukraine relied on gas imports (2.6 bcm) and withdrawal from underground storage (4.9 bcm). Winter demand can reach 150 mcm per day. To meet domestic demand, Ukraine plans to increase domestic natural gas output to 27 bcm. During Soviet times, Ukraine produced a record of 68.7 bcm in 1976. At the time of independence in 1991 production was at 26.6 bcm, and fell in the 1990s to about 18 bcm. Since the mid-2000s production has stabilised between 20 and 21 bcm. According to a report issued by the OECD, over 70% of domestic gas production is extracted by UkrGasVydobuvannya, a subsidiary of the state-owned company N ...
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War In Donbas (2014–2022)
The War in Donbas, russian: Война на Донбассе was an armed conflict in the Donbas region of Ukraine, part of the broader Russo-Ukrainian War. In March 2014, immediately following the Euromaidan protest movement and subsequent Revolution of Dignity, protests by pro-Russian, anti-government separatist groups arose in the Donetsk and Luhansk oblasts of Ukraine, collectively called the Donbas. These demonstrations began around the same time as Russia's annexation of Crimea, and were part of wider pro-Russian protests across southern and eastern Ukraine. Declaring the Donetsk and Luhansk People's Republics (DPR and LPR, respectively), armed Russian-backed separatist groups seized government buildings throughout the Donbas, leading to armed conflict with Ukrainian government forces. Ukraine launched a military counter-offensive against pro-Russian forces in April 2014, called the "Anti-Terrorist Operation" (ATO) from 2014 until it was renamed the "Joint Forces ...
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Donbas
The Donbas or Donbass (, ; uk, Донба́с ; russian: Донба́сс ) is a historical, cultural, and economic region in eastern Ukraine. Parts of the Donbas are controlled by Russian separatist groups as a result of the Russo-Ukrainian War: the Donetsk People's Republic and the Luhansk People's Republic. The word ''Donbas'' is a portmanteau formed from "Donets Basin", an abbreviation of "Donets Coal Basin" ( uk, Донецький вугільний басейн, Donetskyi vuhilnyi basein; russian: Донецкий угольный бассейн, Donetskii ugolnyi bassein). The name of the coal basin is a reference to the Donets Ridge; the latter is associated with the Donets river. There are numerous definitions of the region's extent. It is now most commonly defined as the Donetsk and Luhansk regions of Ukraine. The historical coal mining region excluded parts of these oblasts, and included areas in Dnipropetrovsk Oblast and Southern Russia. A Euroregion of the ...
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Natural Gas Prices
Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe. Natural gas prices in the US had historically followed oil prices, but in the recent years, it has decoupled from oil and is now trending somewhat with coal prices. The price as at 20th January 2022, on the U.S. Henry Hub index, is US. The highest peak (weekly price) was US in January 2005. The 2012 surge in fracking oil and gas in the U.S. resulted in lower gas prices in the U.S. This has led to discussions in Asian oil-linked gas markets to import gas based on the Henry Hub index, which was, until very recently, the most widely used reference for US natural gas prices. Depending on the marketplace, the price of natural gas is often expressed in currency units per volume or currency units per energy content. For example, US dollars or ...
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International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded t ...
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Nadra Yuzivska Company
The National Database & Registration Authority (NADRA) ( ur, ) is an independent and autonomous agency under the control of the Interior Secretary of Pakistan that regulates government databases and statistically manages the sensitive registration database of all the national citizens of Pakistan. Currently, Tariq Malik is serving as Chairman of National Database and Registration Authority (NADRA) Pakistan. Nadra is also responsible to issuing the computerised national identity cards to the citizens of Pakistan, maintaining their sensitive informational upgraded in the government databases, and securing national identities of the citizens of Pakistan from being stolen and theft. It is one of the largest government database institution, employing more than 11,000 people in more than 800 domestic offices and five international offices. Codified by the Second Amendment§30of the Constitution of Pakistan in 2000, the Constitution grants powers to NADRA to enact civil registration ...
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Naftogaz
Naftogaz of Ukraine ( uk, НАК "Нафтогаз України", ''Naftogaz Ukrayiny''; literally "Petro-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned companyUkraine sets gas offer but wants no middleman
(7-1-2009)
subordinated to the Government of Ukraine. The vertical-integrated company carries out a complete cycle of exploration operations and development of d ...
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Proven Reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means. Operating conditions are taken into account when determining if a reserve is classified as proven. Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the am ...
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