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Ukrainian energy minister says country has sufficient gas reserves for 50 years

March 18, 2016, 16:45 UTC+3 KIEV

According to the energy and coal industry minister, Ukriane's gas reserves total 1 trillion cubic meters and production equals 20 bln cubic meters

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KIEV, March 18. /TASS/. Ukraine’s minister of energy and coal industry Volodymyr Demchyshyn says the country can provide itself with local gas for 50 years from now.

"Our [gas] reserves total 1 trillion cubic meters, production equals 20 bln [cubic meters], so our gas will suffice for at least 50 years," he said Friday.

"Instead, we buy at least 15 bln cubic meters in Europe and Russia. This makes up $3.5 bln, which we give to Europeans and Russians instead of giving those funds to our producers," he added.

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