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 JAs between private and State companies.
In 2015 Ukraine's natural gas consumption made up 33.8 billion cubic meters (“bcm”), what represents a 20.7% decrease from the previous year.
Ukraine's natural gas consumption is decreasing primarily due to reduced industrial consumption, which dropped by 22.2% from 14.4 bcm to 11.2 bcm due to the falling industrial production. Heating utilities and population decreased consumption from 8.6 bcm to 7.1 bcm and 15.1 bcm to 11.3 bcm respectively.