ESay
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- Mar 14, 2015
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Well, it is somewhat contradictory. One part of your post says about 0.56% of a global share, another one about great (possible, still unproven) deposits.The below data is from 2017.
Ukraine Oil reserves
Ukraine has a century-long history of oil and gas production and possesses substantial conventional and unconventional hydrocarbon reserves, estimated at 9 billion tonnes of oil equivalent (Btoe).
Ukraine Gas Reserves
39,000,000 MMcf
Global Rank: 23rd | Share of World's Gas: 0.56 %
36 years of natural gas left
(at current consumption levels)
Summary Table
Million Cubic Ft
(MMcf)Global Rank 39,000,000 23rd in the world 670,985 36th in the world 1,171,928 29th in the world -500,943 500,943 0 500,943
And IIRC - there are far more substantial Gas reserve deposits (according to a 2020/21 survey) in the Black-Sea and Eastern-Ukraine areas, then those mentioned above.
E.g.
From Wikipedia,
See also: Russia–Ukraine gas disputes and Natural gas transmission system of Ukraine
Ternopil
Ukraine extracts about 20 billion cubic meters of fossil gas each year, and since 2022 this has almost met demand.[1] Ukraine has been estimated to possess natural gas reserves of over 670 billion cubic meters (in 2022),
E.g. From Rand Corporation
Ukraine does indeed control Europe's second-largest known reserves of natural gas, almost 80 percent of which are located east of the Dnipro River. And though Ukraine theoretically might have considerable shale gas reserves, Russia currently has no experience or technology for shale gas production. For shale oil production, Russia has historically relied on Western technology. However, this reliance has been seriously impeded since 2017, when the United States introduced sanctions to ban American companies from providing shale oil extraction technologies to Russia.
Russia’s invasion and continued possession of the Donbass region and the Crimea Peninsula since March 2014 has subsequently caused significant, strategic level damage to Ukraine’s economy. Looking at Figures 5 and 6, the fighting between Ukraine and the DPR/LPR in the southern edges of the Dnipro-Donetsk basin, along with its proximity to Russia-Ukraine borders, would appear to deny Ukraine the full use of its largest oil and gas basin. Furthermore, the possession of Crimea by Russia would appear to deny Ukraine access to its Crimea Oil and Gas basin as well as use of its Deepwater Licences due to the risk of Russian naval activity in the Black Sea.
Adding to the above problems is the impact of Russia’s invasion on Foreign Direct Investment (FDI) in the industry. After the conflict began in 2014, oil and gas firms Royal Dutch Shell and Chevron withdrew their investments in the Yuzovsky and Olesska shale gas blocks, affecting even the Carpathian basin despite it being insulated from the fighting. As shown in Figures 4-6, the withdrawal of these investments has amplified the impact of losing the Dnipro-Donetsk basin and the Crimea basin Central Intelligence Agency, 2021; Intelligence Fusion, 2021).
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The Forgotten Potential of Ukraine’s Energy Reserves
A resolute development of Ukraine’s untapped reserves in the production, export and storage of energy would be in the interest of all sides involved.hir.harvard.edu
Despite the enormous potential of Ukraine’s energy reserves, there are non-trivial costs to developing Ukraine’s capabilities. According to an assessment study by the Ukrainian Institute for the Future, a transformation of Ukraine into a self-sufficient energy consumer and potential exporter would require a number of investments amounting to approximately US$19.5 billion. Of this amount, about US$3.5 billion are needed for developing gas fields and building pipelines, US$14 billion would have to be invested into oil extraction, and US$2 billion would go toward oil refining.
Hydrogen is another new horizon for Ukraine’s underdeveloped energy industry. Today, various gas distribution companies are examining Ukraine’s pipeline capacities with the hope of converting some of the existing infrastructure to deliver hydrogen to their customers in the future. The EU has identified Ukraine as a priority partner for future collaboration in the use of hydrogen to enhance the Union’s energy supply and security.
About the shale gas. This theme isn't new. It became to gain momentum in 2015-2016 or so years, when rumors began circulating that the 'Maidan government' was going to lease great swathes of Ukrainian land to American companies for this gas extraction by cracking. And how this method was going to destroy these lands for generations. How things are in reality, I don't know.
empire is gone. NEVER 2 WITHOUT 3, the Saddam Putsein ´s 
