London—North American technology could give Ukraine’s stagnant upstream gas sector a major boost, even turning the country into a net exporter of gas to Europe in the future, the head of local player JKX Oil & Gas said Wednesday. Speaking at the IP Week conference in London, JKX CEO Tom Reed said there could be more than 20 gas fields in Ukraine, including its own Rudenkivske field, that with the right technological approach could boost Ukrainian domestic gas output to 40 Bcm/year from the current 20 Bcm/year. Reed said that the development of these resources “would dramatically change Ukraine’s production profile.”
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