Ukraine Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

SUMMARY

Ukraine Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Ukraine. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the oil and gas assets (oil and gas fields, exploration blocks, refineries, pipelines, LNG terminals and storage terminals) in Ukraine. The report also analyses the fiscal regime relevant to the oil and gas assets in Ukraine and compares the investment environment in Ukraine with other countries in the region. The profiles of the major companies operating in the oil and gas sector in Ukraine together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
• Historical and forecast data and information for all the major exploration blocks, oil and gas fields, refineries, pipelines, LNG terminals and storage terminals in Ukraine for the period 1995-2020.
• Operator and equity details for major oil and gas assets in Ukraine
• Key information relating to market regulations, key energy assets and the key companies operating in the Ukraine's energy industry.
• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
• Information on the top companies in Ukraine including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country's energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Evaluate the attractiveness of the geography for oil and gas investment in the light of government policies and the fiscal environment.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Understand the geography's policies and fiscal terms, and their impact on contractor's profits from upstream oil and gas assets.
• Assess your competitor's major oil and gas assets and their performance.
• Analyze the latest news and financial deals in the oil and gas sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in each the country.

TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2 Introduction 8
2.1 What Is This Report About? 8
2.2 How To Use This Report 9
2.3 Market Definition 9
3 Ukraine Energy Report 11
3.1 Ukraine Energy Sector, Market Overview 11
3.2 Ukraine Energy Sector, Crude Oil 12
3.2.1 Ukraine Crude Oil, Overview 12
3.2.2 Ukraine Crude Oil, Supply and Demand Balance 12
3.2.3 Ukraine Crude Oil, Regulatory Structure 18
3.2.4 Ukraine Crude Oil, Infrastructure 19
3.3 Ukraine Energy Sector, Natural Gas 20
3.3.1 Ukraine Natural Gas, Overview 20
3.3.2 Ukraine Natural Gas, Supply and Demand Balance 20
3.3.3 Ukraine Natural Gas, Regulatory Structure 26
3.3.4 Ukraine Natural Gas, Infrastructure 26
3.4 Ukraine Energy Sector, Coal 27
3.4.1 Ukraine Coal, Overview 27
3.4.2 Ukraine Coal, Supply and Demand Balance 27
3.4.3 Ukraine Coal, Regulatory Structure 29
3.4.4 Ukraine Coal, Infrastructure 30
3.5 Ukraine Energy Sector, Electricity 30
3.5.1 Ukraine Electricity, Overview 30
3.5.2 Ukraine Electricity, Supply and Demand Balance 32
3.5.3 Ukraine Electricity, Regulatory Structure 38
3.5.4 Ukraine Electricity, Infrastructure 38
4 Ukraine Fiscal Regime 40
4.1 Ukraine Petroleum Fiscal Environment 40
4.2 License Terms 43
4.3 Key Fiscal Terms 44
4.4 Sample Cashflows Calculations 49
5 Ukraine Upstream Investment Environment Benchmarking 50
5.1 Introduction 50
5.2 The Overall Ranking 50
5.3 Upstream Fiscal Attractiveness 50
5.3.1 Maximum Government Take Index 52
5.3.2 Maximum State Participation 52
5.4 Oil and Gas Sector Performance 52
5.4.1 Exploration Activity 54
5.4.2 Oil and Gas Production 55
5.4.3 Oil and Gas Reserves 56
5.4.4 Consumption 56
5.4.5 Refining Industry 56
5.5 Economic Performance 56
5.5.1 GDP Growth Index 58
5.5.2 FDI Confidence Index 58
5.5.3 Balance of Trade Index 58
5.6 Socio-Political Performance 58
5.6.1 Democracy Index 60
5.6.2 Governance Index 60
6 Ukraine Refining Sector 61
6.1 Ukraine Refining Sector, Overview 61
6.2 Ukraine Refining Sector, Crude Distillation Unit Capacity 61
6.3 Ukraine Refining Sector, Coking Capacity 62
6.4 Ukraine Refining Sector, Fluid Catalytic Cracking Capacity 62
7 Ukraine Pipeline Sector 63
7.1 Ukraine Pipeline Sector, Overview 63
7.2 Ukraine Pipeline Sector, Natural Gas Pipelines 63
8 Financial Deals Landscape 67
8.1.1 Shelton Canada Acquires Zhoda 2001 From Kroes Energy 67
8.1.2 Protec To Acquire 51% Interest In KrymTexasNafta 69
8.1.3 Protec Industries Forms Joint Venture With EEU 70
8.1.4 Transeuro Energy Forms Joint Venture With RAG Rohol-Aufsuchungs 71
8.1.5 Marathon International Petroleum And Naftogaz Ukrainy Form Partnership 72
8.1.6 Shell Partners With Naftogaz 73
8.1.7 EuroGas To Form Joint Ventures With OJSC ZNVKIF New Technologies 74
9 Recent Developments 76
9.1 Strategy and Business Expansion 76
9.1.1 Jul 07, 2008: Naftogaz In Talks With Gazprom On Joint Production At Black Sea 76
9.1.2 May 26, 2008: PGNiG Opens Representative Office In Kiev, Ukraine 76
9.1.3 Jun 05, 2007: Marathon and Naftogaz Ukrainy Sign Cooperation Agreement 77
9.1.4 Jun 05, 2007: Naftogaz Signs Exploration Agreement With Marathon International 77
9.1.5 Mar 29, 2007: Shell And Alliance To Set Up Retail Joint Venture 78
9.1.6 Jun 08, 2006: Shell And UGV Sign JAA 78
9.1.7 Jul 11, 2008: Cadogan Provides Operations Update 79
9.1.8 Aug 12, 2008: Transeuro Updates On Its Activities In Ukraine 81
9.1.9 Jun 23, 2008: Shelton Updates On Lelyaki Oil Field, Ukraine 81
9.1.10 Jun 05, 2008: Vanco Says Ten Year Delay On Black Sea Exploration If Dispute With Ukraine Goes To Court 81
9.1.11 May 26, 2008: Transeuro Updates On Karl 101 Well In Ukraine 82
9.1.12 Apr 09, 2008: Transeuro Updates On Karlavskoye 101 Well In Ukraine 83
9.1.13 Feb 26, 2008: Shelton, Ukrnafta Announces New Drilling In Ukraine 84
9.1.14 Jan 09, 2008: JKX Updates On Ukrainian Drilling 85
9.1.15 Jan 08, 2008: Transeuro Updates On Drilling Operations In Ukraine And Armenia 85
9.1.16 Dec 13, 2007: JKX Provides Ukranian Drilling Update 86
9.1.17 Dec 12, 2007: Shelton, Ukrnafta Completes Drilling Well No.304 In Kashtan Petroleum Joint Venture 86
9.1.18 Oct 02, 2007: JKX Updates On I129 Well 87
9.1.19 Sep 27, 2007: JKX Updates On Well M161 87
9.1.20 Aug 31, 2007: JKX Provides Ukrainian Drilling Update 87
9.1.21 Aug 07, 2007: JKX Updates On Well I128 88
9.1.22 Mar 02, 2007: Kroes Energy Participates In Drilling Activity 88
9.1.23 Aug 12, 2008: Ukraine Reduces Crude Output By 4.3% 88
9.1.24 Jul 16, 2008: Vanco Files For International Arbitration With Ukraine 89
9.1.25 Jun 16, 2008: Russia Asks Ukraine To Halt Black Sea Oil Drilling 89
9.1.26 Apr 24, 2008: Transeuro Updates On Karlavskoye 101 Well 90
9.1.27 Jan 02, 2008: Naftogaz On Verge Of Bankruptcy 91
9.1.28 Nov 26, 2007: Regal Reports Termination Of Ukraine MoU 91
9.1.29 Aug 21, 2007: JKX Announces Completion Of M158 Well 91
9.1.30 Aug 16, 2007: Naftogaz Signs MoU With CBM Oil For Exploration And Development Of Black Sea Shelf 91
9.1.31 Aug 02, 2007: Naftogaz And Shell Start Execution Of Their Joint Activity 92
9.1.32 Mar 02, 2007: Naftogaz Appoints New Chairman 92
10 Appendix 94
10.1 Methodology 94
10.1.1 Coverage 94
10.1.2 Secondary Research 95
10.1.3 Primary Research 95
10.1.4 Forecasts 96
10.1.5 Expert Panel Validation 99
10.2 Definitions 99
10.3 Unit Of Measure 100
10.4 Contact Us 101
10.5 About Global Markets Direct 101
10.6 Disclaimer 101

1.1 List of Tables
Table 1: Ukraine, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Ukraine, Historical and Forecasted Import of Crude Oil And Export, 1996-2020 15
Table 3: Ukraine, Historical and Forecasted Reserves of Crude Oil, 1996-2020 17
Table 4: Ukraine, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 21
Table 5: Ukraine, Historical and Forecasted Import of Natural Gas, 1996-2020 23
Table 6: Ukraine, Historical and Forecasted Reserves of Natural Gas, 1996-2020 25
Table 7: Ukraine, Historical and Forecasted Coal Production And Consumption of Coal, 1996-2020 28
Table 8: Ukraine, Historical and Forecasted Electricity Generation Capacity, 1996-2020 33
Table 9: Ukraine, Historical and Forecasted Generation and Consumption of Electricity, 1996-2020 35
Table 10: Ukraine, Historical and Forecasted Import and Export of Electricity, 1996-2020 37
Table 11: Ukraine, Depreciation Rates on Fixed Assets, 2007 48
Table 12: Eastern Europe, Investment Benchmarking, Overall Country Rankings, April 2008 50
Table 13: Eastern Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 51
Table 14: Eastern Europe, Investment Benchmarking, Oil and Gas Sector Performance, April 2008 52
Table 15: Eastern Europe, Investment Benchmarking, Economic Performance, April 2008 57
Table 16: Eastern Europe, Investment Benchmarking, Socio-Political Performance, April 2008 59
Table 17: Ukraine , Europe, Crude Distillation Unit Capacity in Ukraine (MMTPA), 2000-2012 61
Table 18: Ukraine , Europe, Coking Unit Capacity in Ukraine (MMTPA), 2000-2012 62
Table 19: Ukraine , Europe, Fluid Catalytic Cracking Unit Capacity in Ukraine (MMTPA), 2000-2012 62
Table 20: Natural Gas Pipelines in Ukraine, 2007 63
Table 21: Natural Gas Pipelines in Ukraine, 2007 (Contd....) 64
Table 22: Natural Gas Pipelines in Ukraine, 2007 (Contd....) 65
Table 23: Natural Gas Pipelines in Ukraine, 2007 (Contd....) 66
Table 24: Brent Blend NYMEX Future Prices 98

1.2 List of Figures
Figure 1: Ukraine, Energy Sector break-up, 2007 12
Figure 2: Ukraine, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 14
Figure 3: Ukraine, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 16
Figure 4: Ukraine, Crude Oil Reserves, Million Barrels, 1996-2020 18
Figure 5: Ukraine, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 22
Figure 6: Ukraine, Natural Gas Imports And Export, Billion Cubic Feet, 1996-2020 24
Figure 7: Ukraine, Natural Gas Reserves, Billion Cubic Feet, 1996-2020 26
Figure 8: Ukraine, Coal Production And Consumption, Million Tons, 1996-2020 29
Figure 9: Ukraine, Electricity Production by Fuel Type, 2007 31
Figure 10: Ukraine, Electricity Consumption by End User, 2007 32
Figure 11: Ukraine, Electricity Generation Capacity, Megawatt, 1996-2020 34
Figure 12: Ukraine, Electricity Generation And Consumption, Billion Kilowatt Hours, 1996-2020 36
Figure 13: Ukraine, Electricity Imports And Exports, Billion Kilowatt Hours, 1996-2020 38
Figure 14: Ukraine, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 49
Figure 15: Eastern Europe, Country Standings, Upstream Fiscal Attractiveness, April 2008 51
Figure 16: Eastern Europe, Country Standings, Oil and Gas Sector Performance, April 2008 53
Figure 17: Eastern Europe, Country Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 54
Figure 18: Eastern Europe, Country Standings, Number of Active Exploration Blocks Made Active, April 2008 55
Figure 19: Eastern Europe, Country Standings, Economic Performance, April 2008 57
Figure 20: Eastern Europe, Country Standings, Socio-Political Performance, April 2008 59
Figure 21: Global Markets Direct Methodology 94