Energy opportunities in Ukraine

by Roman Cheplyk
Sunday, January 23, 2022
Energy opportunities in Ukraine

Energy sector of Ukraine is a promising market both in terms of natural resource extraction and supplying them

Energy opportunities for Ukrainian businesses are plenty, such as:

Foreign investors can contribute to the energy sector by helping to develop new technologies and by creating job opportunities. Moreover, they can invest directly into companies that produce energy products. For example, Exxon Mobile Corp has acquired nearly 20 percent stake of Ukraine's largest independent gas producer NAK Naftogaz Ukrainy (NNKFU: NYSE).

Partnership with foreign companies increases chances of Ukrainian energy producers to enter the European market. This stimulates demand for their products and allows these firms to increase production levels. Also, it provides more diverse jobs for skilled workers like geologists or engineers.

It is believed that Ukraine has untapped potential in the energy sector. However, the country should improve its ability to extract and implement them into day-to-day activities.

Nowadays, Ukraine heavily relies on coal for electricity generation, which makes it one of the most polluting forms for this purpose. Also, there are only few power plants using clean technologies such as gasifiers or carbon dioxide capture systems.

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