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The government has approved draft laws for the effective development of Ukrainian gas production

Ukraine

Proposed two major steps to reform the sector – the license of the decommissioned sites and the modernization of the relevant regulatory fields.

The government has approved draft laws for the effective development of Ukrainian gas production

Government Alexey Goncharuk passed the bills, which are aimed at support and effective development of the oil and gas industry in Ukraine. According to the press service of the Ministry of energy and the environmental protection of Ukraine, the package of regulatory reforms for the sector includes two balanced step.

First step - the fight against "sleeping licences".

If the area is not mined for more than three years, will be charged a monthly fee for use of space depending on the size and date of issuance of the permit. That is, or mined, or pay taxes from gas production without profit.

If you are not able to pay return the site to the state. The license is stopped and a court will be cancelled. The plot will be auctioned to attract new investors effective.

This practice corresponds to international practice and applied in some countries, such as Azerbaijan, Great Britain, Norway, USA, Croatia, noted in Mineconomy.

the Second step is a comprehensive legal regulation of the key issues the oil and gas industry.

Language is a complete modernization of the relevant regulatory field. This change in the Code of Ukraine about subsoil, the Law of Ukraine "On oil and gas" and to the Law of Ukraine "About agreements on production section".

These measures, according to Minamaneho ensure transparent conditions for foreign investors, the areas of oil and gas subsoil will be used more efficiently, the corruption factors in the obtaining of a special permit go in the past, the environmental impact will be assessed according to international standards, and the volumes of oil and gas production in Ukraine will increase significantly.

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