Reserves and consumption
Ukraine’s natural gas reserves constitute 1.1 trillion cubic meters, 71% of which is licensed to PJSC Ukrgasvydobuvannya. Other State companies are licensed with 17% of the country’s proven gas reserves. The remaining 12% is shared among the private corporations and other Joint Activities between private and State companies.
In 2014 Ukraine's natural gas consumption made up 42.6 billion cubic meters (“bcm”), which represents a 15.5% drop from the previous year.
Ukraine's natural gas consumption is decreasing primarily due to reduced industrial consumption, which dropped by 21.9% from 20.1 bcm to 15.7 bcm due to falling production. Heating utilities and population decreased consumption from 8.3 bcm to 7.0 bcm and 17.7 bcm to 15.8 bcm respectively.