FOR IMMEDIATE RELEASE
August 15, 2012
MEDIA INQUIRIES:
Steve Lewis | (703) 875-4357

USTDA SUPPORTS UKRAINE'S EFFORTS TO EXPAND GAS PRODUCTION

KYIV, UKRAINE – Strengthening the energy security of Ukraine is the goal of a grant awarded today to the state-owned Ukrainian natural gas production company UkrGasVydobuvannya (UGV). The grant will provide technical assistance to UGV to assist Ukraine in expanding domestic production of gas and gas condensates, thereby reducing Ukraine's dependence on foreign sources for energy. As part of the technical assistance, the project includes the preparation of a pilot gas condensate production project.

The grant was signed at U.S. Embassy in Kyiv. Ambassador John Tefft and UGV Director Yurii Borisov signed the grant agreement on behalf of the U.S. government and UGV, respectively. The signing was witnessed by the Ukraine Minister of Energy and Coal Industry, Mr. Yuriy Boyko, and the Commercial Attaché of the U.S. Embassy, Ms. Cheryl Dukelow.

In recent years Ukrainian gas production has declined, hampered in part by gas condensates in older fields cutting off gas production. UGV will use the technical assistance to invest in well workovers and other gas production enhancing techniques. Implementation will extend the life and production rates of existing natural gas wells and allow for new gas condensate production.

"A pilot project to expand natural gas production with modern technologies, pioneered in the United States, will help Ukraine on its path to increased energy security," stated Regional Director Geoff Jackson. "We are pleased to partner with UGV in this endeavor."

Next, UGV will select a U.S. contractor to perform the technical assistance. The opportunity to conduct the USTDA-funded technical assistance will be competed on the Federal Business Opportunities (FBO) website. A link to the FBO announcement will be posted to USTDA's website at www.ustda.gov. Interested U.S. firms should submit proposals according to the instructions in the FBO announcement.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.

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