Congress

The Ukrainian government has defined ambitious strategic targets to increase its domestic natural gas production by 50%, to halt natural gas imports by 2030 and to achieve net zero carbon emissions by 2040.

Government policy and consistent regulatory frameworks play a key role in influencing foreign direct investment.  In the current investor landscape, and with Ukraine open for business, what are the opportunities available for neighbouring government partnerships?  And what is the current appetite of international energy companies, independents, investment banks and private equity players? 

Attendee insights

A must attend discussion to understand regional government and state-owned company expectations for Ukraine, Eastern Europe and Western Asia’s energy future over the coming 5-10 years.  How has Ukraine’s new recently signed investment law, attractive fiscal regimes, reforms and gas system unbundling been received by potential partners?

Sustainable supplies of natural gas as a transition fuel will remain instrumental for Europe’s energy security in the next 30 years.  With an Association Agreement with the EU and Free Trade Agreements with 16 countries, plus 13 seaports with direct access to the Black and Azov Sea’s, Ukraine is strategically positioned to fulfil this requirement.

As energy transition gains pace and initiatives such as the EU Green Deal carbon border adjustment mechanism comes into effect, regional infrastructure modernisation becomes a necessity to enable transportation and export of not only natural gas and LNG, but alternatives such as hydrogen and biofuels.  With its vast midstream transit infrastructure and underground storage capacity, what are the immediate modernisation and integration needs to ensure a modern, efficient and resilient energy network for the future?  How do they compare and what can be learned from other neighbouring country networks?

Attendee insights

In this discussion, panelists will focus in on the importance of accelerating technology deployment and its pivotal role in maximising the regions natural resources, at the same time positioning infrastructure for energy security of supply and energy transition, the EU Green Deal, transportation and trading of decarbonised gases to the European Union.

In 2020, Naftogaz took ownership of 40,000 square kilometres of onshore and offshore acreage for exploration and appraisal.  With a gas portfolio comprising greenfield and brownfield, onshore and offshore, there are wide-ranging opportunities to explore and produce conventional and unconventional gas at various stages of developed, explored, and underexplored. 

As part of Government plans to produce 30 billion cubic metres of gas per annum by 2030 to alleviate gas import dependency, Ukraine’s business environment is undergoing radical change to encourage foreign investment and international partnerships from public governance, anti-corruption laws, energy liberalisation and diversification, trading and pricing transparency and unbundling of state-owned conglomerates.

Attendee insights

A must attend discussion for specialised Independent E&P companies, international energy companies, global oilfield service companies, technology providers and investors looking to identify longer-term strategic investment opportunities and gain E&P access to key gas rich reserves within Ukraine and regional neighbouring countries.

In a market framed by geopolitical uncertainty, the COVID-19 pandemic, energy transition and growing ESG requirements, how are global energy investors and private equity financiers factoring the Ukraine into their portfolios?

For the Ukraine to deliver upon the Governments strategic priority of becoming self-sufficient in gas production by 2030 and being the partner of choice for gas supply and transmission, anticipated spend of US $20-30 billion is required, making access to FDI a must.

Attendee insights

This panel will detail how the oil and gas sector’s access to finance is changing and shifting away from more traditional financing models.  How international players can partner successfully in Ukraine.  How ESG governance, disclosure and financial reporting is supporting the transition to sustainable, climate conscious hydrocarbon investments and the appearance of non-traditional investors rising in this space.

With growing global urgency and as increasingly more companies and countries commit to climate conscious hydrocarbon production and net zero targets by 2050, what does the energy transition agenda mean for the Ukraine and how does it compare to other nations? and companies already making the transition from an international oil company to an integrated energy company? 

Energy sector reform remains central to Ukraine’s sustainable energy transition, subsequent growth and integration within the EU energy space.  At the same time, transparent financing mechanisms, modern management systems and access to international know-how are key to redesigning Ukraine’s energy infrastructure, unlocking access to low-carbon technologies to support its transition roadmap, opening new business avenues to CCUS, CO2 storage and hydrogen processing and transportation.

Attendee insights

A key discussion for all parties globally, already involved in, or looking to take an active investment and partnership role in supporting Ukraine’s energy transition journey.

A possible supplier of renewable hydrogen as part of the EU’s Hydrogen Strategy, the Ukraine is set to enter the hydrogen race.  

With major countries and companies scaling up investment in potential hydrogen production and infrastructure, the Ukraine is no different in looking to enter the hydrogen challenge.  If modernised, its vast gas transmission and distribution pipelines would be capable of carrying hydrogen safely.  In parallel, Energoatom, Ukraine’s National Nuclear Energy Generating Company is investigating the potential for commercial hydrogen production.  How can cross-sector R&D and public-private partnerships fast-track commercial hydrogen technologies?  What are the immediate next steps and priority areas for Ukraine to realise this vision?  And what are the opportunities for the entire supply value chain to transition to a climate-neutral circular economy?

Attendee insights

In this panel, attendees will hear about the upcoming opportunities for collaboration within Ukraine’s hydrogen energy space and how investors and technology providers can get involved and become crucial partners in this exciting and important opening.

Strategically placed between Europe and Asia and bordered by Bulgaria, Romania, Georgia, Turkey and the Ukraine, the Black Sea shelf is a potential E&P playground for its neighbouring countries. 

Already home to Romania’s Neptun Deep block gas discovery, Ukraine has been awarded exclusive rights to 20, 30-year E&P licences within the Neptun and Dolphin blocks.  Recognising its future potential, international partners have already signed MOUs to cooperate in unlocking the regions natural gas resources.

Attendee insights

In this panel, attendees will hear from industry executives as they look to boost regional cooperation, jointly implementing energy and infrastructure projects with their international partners.  The discussion will detail the opportunities open to investors and technology providers to partner, to accelerate new discoveries, delivering energy security and economic stability to each nation.

For Ukraine to realise its upstream potential and given ambitious Government growth plans, urgent modernisation of its oil and gas assets is a necessity.   

With a portfolio including over 140 conventional and unconventional brownfields, Naftogaz requires immediate access to the latest digital and Industry 4.0 technologies, along with international technical know-how to increase field output, operational efficiency, recovery of CO2 emissions and refurbishment of infrastructure interconnection points for product transmission.

Attendee insights

An important discussion for international technology and service providers and engineering procurement and construction companies, and investors to hear first-hand the modernisation and investment needs of Ukraine’s gas fields from drilling to enhanced recovery mechanisms, transport and distribution infrastructure, and supply value chain from CCUS, leak detection, interconnection upgrading, cost optimisation and digitisation.