Asters has extensive experience in advising clients on various significant energy related projects in Ukraine. Our attorneys have represented developers, private equity funds, and equity investors, lenders, contractors, project companies, the government and its departments/agencies in the development, financing, construction, operation, merger & acquisition, and the restructuring of a wide range of oil & gas, electricity, renewable energy, waste-management and emissions reduction projects. Our experience is very timely in view of the Ukrainian Government’s energy independence and efficiency strategy with the subsequent market developments.

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Firm recognition:

  • Tier 1 law firm for energy and natural resources, The Legal 500: EMEA 2024
  • Band 1 law firm for energy and natural recourses, Chambers Europe 2022
  • Ranked among the Top 3 law firms for energy and natural resources, Ukrainian Law Firms 2021. A Handbook for Foreign Clients
  • Named Law Firm of the Year in energy and natural resources, Legal Awards 2014, 2019
Representative experience:

We work for major energy companies and government agencies responsible for energy matters:

  • Eustream, a.s. (Slovak Gas TSO) on Ukrainian law matters related to the reverse gas supply to Ukraine from the Slovak Republic and the subsequent preparation of the transactional documents executed by Eustream, a.s. with PJSC Ukrtransgaz and NAK Naftogaz Ukrayni;

  • Toshiba Corporation on various issues under Ukrainian law in connection with the acquisition of Westinghouse;

  • General Electric Energy on issues of Ukrainian merger control law, including obtaining clearance from the competition authority for a 100% equity acquisition in Vetco International Limited;

  • CEZ Group, a major Czech energy and power distributor, on various issues of Ukrainian law, including a full-blown due diligence in connection with a planned acquisition of major regional power distribution companies;

  • Union Fenosa and EDF in privatisation tenders for Ukrainian power companies;

  • Nadra Yuzivs'ka LLC in regards to the negotiation and execution of the Production Sharing Agreement between Ukraine, Shell, and Nadra Yuzivs'ka LLC for hydrocarbons to be produced at  Yuzivs'ka;

  • Nadra Oles'ka LLC in connection with the negotiation of the Production Sharing Agreement between Ukraine, Chevron, and Nadra Oles'ka LLC for hydrocarbons to be produced at Oles'ka;

  • NAK Nadra Ukrayny in connection with the negotiation of the Production Sharing Agreement between Ukraine, ExxonMobil, Shell, OMV Petrom, and NAK Nadra Ukrayny for hydrocarbons to be produced at Skifs'ka;

  • International Finance Corporation on a 45 million USD loan to AES-Kyivoblenergo, and AES-Rivneoblenergo, both power distribution companies previously owned by AES Corporation in Ukraine;

  • The European Bank for Reconstruction and Develoment in connection with financing several large scale renewable energy projects;

  • The Danish Environmental Protection Agency in a carbon transaction with the City of Kiev;

  • Green Gas International, a global gas management and utilisation company, on corporate, regulatory and energy law issues in connection with the company's coal mine methane utilisation programme;

  • Bechtel Inc. in negotiations with the Ministry of Energy and the government of Ukraine regarding the client's operations as one of the leading general contractors to the Chernobyl Shelter project;

  • KazMunaiGaz, the Kazakhstan state oil and gas company, regarding a joint venture with Naftogaz of Ukraine – a Ukrainian state oil and gas company;

  • OAK Utilities Solutions and Development in connection with the realization of a pilot "waste to energy" project in one of the cities in Ukraine, including advising on investment structuring, the establishment of an SPV, the acquisition of land rights, and drafting a long-term waste supply agreement;

  • Assisting a large PV developer in connection with the sale of several "shovel ready" PV projects;

  • Assisting a leading wind turbine manufacturer with wind energy projects in Ukraine, including with  import, installation, commissioning, and licensing issues;

  • Assisting investors in renewable energy projects in relation to the due diligence of "shovel ready" renewable energy projects; 

  • Advising international traders on the import of natural gas, on the establishment of businesses in Ukraine, and on licensing.

Featured services:

Our attorneys provide clients with complex legal services, including: 


  • advising on all aspects of energy projects and transactions, including incorporated and non-incorporated joint ventures, production sharing agreements, mergers and acquisitions
  • conducting due diligence of companies in energy sector


  • advising on all aspects of oil & gas and electricity regulatory proceedings
  • representing clients before regulatory bodies
  • assisting in obtaining all relevant permits and licensing documentation

Project Finance:

  • advising on financing and refinancing of projects, including negotiations
  • advising on tools and structures for obligations security

Project Related Advice:

  • project structuring and development
  • competition clearance
  • advising on employment, land rights and HSE matters
  • advising on tax, currency control, and customs clearance matters
  • government-relations and lobbying

 Energy Disputes:

  • advising clients on dispute resolution options
  • representing clients in negotiations and settlement discussions
  • representing clients before courts of general jurisdiction, commercial and administrative courts as well as international arbitration
Asters held an event regarding the prospects of connecting wind energy projects to the Ukrainian power grids
Electricity imports could help companies operate smoothly during power outages
Development of biomethane sector: new changes from the NEURC
Procurement for the construction of industrial solar power plants: what to pay attention to
A register of biomethane guarantees of origin will be launched in Ukraine
The Ministry of Energy introduces a Feed-in-Premium for RES producers
The new draft law aims at developing energy storage systems in Ukraine
New opportunities in energy sector in Poland and their impact on Ukraine
Verkhovna Rada has registered a draft law on simplifying the connection of small and medium-sized businesses to power grids
Investing in traditional and alternative energy sources: pros and cons
The most interesting cases of 2020 in the construction industry of Ukraine, Kazakhstan, Belarus and Russia
Compensation of imbalances by RES producers and estimating the imbalances cost when leaving the Guaranteed Buyer balancing group
Compensation of imbalances by RES producers in the electricity market of Ukraine and aspects of leaving the Guaranteed Buyer balancing group
New minimal requirements for energy efficiency in Ukraine
Hydrogen: is it hype or new reality?
Key changes in the construction legislation of Ukraine, Kazakhstan, Belarus and Russia
Construction in Post-Soviet Countries 2021: Ukraine
Top 5 expected changes in renewable energy regulation in Ukraine in 2021
Smart contracts for the new electricity market
Green hydrogen for Ukraine. Energy Chat #7 with Marta Halabala and Yaroslav Petrov
Asters advises Naftogaz Group on the construction of a 33 MW solar power plant in Zhytomyr region
5 top reforms in the Ukrainian oil & gas industry in 2020
Estimating energy production by solar stations
The Regulator publishes the draft methodology for calculation of natural gas losses
Ukraine approves RAB tariff for distribution system operators
Yaroslav Petrov elected Co-Chair of the ACC's Renewables Committee
Ukrainian energy sector in transition. Opportunities for Norwegian-Ukrainian cooperation
Prospects for investment arbitration in the renewable energy sector in Ukraine
What will happen to solar projects which have obtained prePPA and are not commissioned by 31 October 2020?
Impact of the Law #810-IX on the future of renewable energy sector in Ukraine
The parliament approves retroactive cut of the "green" tariff
RES investors in Ukraine: what protection can investment arbitrage offer them?
Legal aspects of force-major with the wind projects on lock-down
Asters advises Regal Petroleum on acquisition of Arkona Gas-Energy
Reform of the State Architectural and Construction Inspection of Ukraine
Latest Changes in the Renewable Energy Legislation
Recent changes to Ukrainian legislation regulating construction industry
Future of Production Sharing Agreements in Ukraine: Expectations vs. Reality
Asters advises Green Genius on the construction of a 14 MW solar power plant in Ivano-Frankivsk region
Retrospective green tariff changes in Ukraine
Interview of Armen Khachaturyan and Anzhelika Livitska to The Legal Practice weekly
Ukrainian Parliament is Considering the First Draft Law Impacting Renewable Energy
Interview of Anzelika Livitska to Yurydychna Gazeta
Counsel Anzhelika Livitska Appointed to Co-chair Asters Energy, Natural Resources & Construction Practice
Asters advises Norsk Solar AS on a 9 MW solar power plant project in Kyiv region
Ukraine adopts law on renewable energy auctions and new PPA
Energy law disputes: appeal against refusal to issue special permission for subsoil use
Recent Trends in the Energy Sector
The Parliament of Ukraine Has Taken the First Step for Introduction of Renewable Energy Auctions
Land Access Is Simplified for Alternative Energy Projects
Asters Partner Yaroslav Petrov reelected Co-Chair of the EBA Fuel & Energy Committee
Due Diligence of Renewable Energy Projects
Interview of Yaroslav Petrov on renewable energy
Asters advises VR Capital Group on acquisition of a 50% stake in 34.75 MW solar power plant project
The Ukrainian Parliament has adopted the Law "On Strategic Environmental Assessment" to be enacted on 12 October 2018
Ukraine improves regulation for wind power projects
Interview of Anzhelika Livitska on Energy law practice development trends in Ukraine
Anzhelika Livitska joins Asters as Counsel
Ukraine Improves Procedures for Granting Subsoil Use Licenses
Renewable energy auctions in Ukraine
New Procedure for State Support of RES Producers Registered with the Ukrainian Parliament
Ukraine Approves Secondary Legislation Required for Launch of the New Electricity Market
Asters advises VR Capital Group on acquisition of a 50% stake in 60 MW solar power plant project
Changes to the Ukrainian Tax Code regarding subsoil use licensing
Ukraine elaborates new stimuli for renewable energy
Asters advises CMEC on signing a EUR 230 million contract with DTEK to build a 200 MW solar plant in Ukraine
Renewable Energy Auctions
Nord Stream 2 vs EU: who will win?
The newest trends in Energy Law consulting in Ukraine
Yaroslav Petrov's interview for Yurydychna Gazeta
The Ukrainian Energy Regulator Adopts Controversial Changes to the PPA
Asters announces the appointment of Yaroslav Petrov as Partner
Yaroslav Petrov reelected Co-Chair of the EBA Fuel & Energy Committee
Parliament granted the President of Ukraine an authority to appoint new members of the NEURC for a period of up to three months
Natural Gas Storing Issues in Ukraine
Vector of Energy
Ukraine improves PPA for renewable energy
Asters Counsel Yaroslav Petrov coauthors the first guidelines on the wind energy projects development in Ukrainian language
Asters joined the roster of experts of the Energy Community Secretariat
Ukraine Encourages the EU Suppliers to Store Gas in Ukraine
Ukraine adopts tariffs for natural gas transmission and distribution
Ukrainian Energy industry review
Ukraine promotes heat energy production from alternative energy resources
Asters advises EBRD on USD 3 million loan to Ecosoft
Ukraine adopts a new approach for urban planning, which impacts energy projects
Asters joins the Energy Law Group
Ukraine Improves Tax Regime for Oil & Gas Production
Ukraine: Energy Community Implementation Report
Asters supports the first Legal Energy Forum
Ukraine Reduces Natural Gas Stock Reserve Obligation
Asters Advises International Finance Corporation on USD 15 Million Financing to Nadezhda
Asters acts as a co-organizer of the seminar on improvement of legislation in the gas sector
Ukraine Enters 2016 with Decreased Royalty Rates for Production of Natural Gas
Asters' Counsel Yaroslav Petrov has been acknowledged for his contribution to the OECD's project Sector Competitiveness Strategy for Ukraine
Ukraine is reforming the "green" tariff and creating conditions for investments in renewable energy
Ukraine Supports Use of Energy Service Agreements
Ukrainian Parliament Brings Natural Gas Market Regulation into Compliance with the Third Energy Package
Verkhovna Rada of Ukraine Reforms the Management System of the Ukrainian Unified Gas Transportation System
Verkhovna Rada Amends the Laws Regulating Taxation of Energy Companies
Law "On Operating Principles of Electricity Market of Ukraine" to Impose New Restrictions on the "Green" Projects Implementation
Ukraine Liberalizes Its Electricity Market
Ukraine Improves Production Sharing Agreements Law
Ukrainian Government Empowered Ukrainian Chamber of Commerce and Industry to Issue Certificates of Origin Evidencing Share of the "National Content" in Renewable Energy-Generating Facilities
The Ministry of Justice of Ukraine Approved the NERC Procedure on Calculation of Local Content in Renewable Energy Projects
Ukraine to Conduct Two Tenders for Exploration and Production of Oil & Gas at Foros and Skifska fields of the Black Sea under Production Sharing Agreements
Royalties decrease in 2012
New Law Changes Legal Regime of the Land Used for Energy Facilities
Tax Code of Ukraine Will Have Oil and Gas Producers Tightening Their Belts
Corporate profit tax
Yaroslav Petrov represents Asters at the international conferences dedicated to investment in Ukrainian mining and dispute resolution in the CIS
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