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Asters has extensive experience in advising clients on diverse energy-related projects in Ukraine. Our track record spans oil and gas, electricity, renewable energy, natural resources, mining, waste management, and emission reduction projects.

Asters serves international energy companies, institutional investors, developers, banks, lenders, EPC contractors, supply chain companies, technical support providers and governmental entities. Our expertise covers complex business and regulatory matters, facility development, mergers and acquisitions, project finance, energy markets, permitting, and green transition.

Asters boasts a large multidisciplinary team of experts in regulatory, environmental, ESG, real estate, construction, corporate, M&A, finance, and dispute resolution.

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Firm recognition:

  • Tier 1 law firm for energy and natural resources, The Legal 500: EMEA 2024
  • Leading law firms for energy and natural resources, Ukrainian Law Firms 2024. A Handbook for Foreign Clients
  • Band 1 law firm for energy and natural recourses, Chambers Europe 2022
  • Named Law Firm of the Year in energy and natural resources, Legal Awards 2014, 2019
Representative experience:
  • China Machinery Engineering Corporation in connection with signing a contract with DTEK, Ukraine’s largest private power producer, for the EUR 230 million construction of a solar power plant in Nikopol, Ukraine.
  • Green Genius, part of Modus Group international holding, in connection with the construction of 14 MW solar power plant in Ivano-Frankivsk region, Ukraine.
  • Norsk Solar AS in connection with the project of construction of 9 MW solar power plant in Kyiv region, Ukraine.
  • Major wind turbines manufacturers on import and installation of wind turbines in Ukraine.
  • International investors, developers, EPC contractors, equipment manufacturers and financing institutions on implementation of more than 50 renewable energy projects, supervising construction and EIA matters.
  • Danish Environmental Protection Agency, C6 Capital Ltd., Climate Focus B.V. in Kyoto Protocol emission trading transactions.
  • Bechtel Inc. in negotiations with the Ministry of Fuel and Energy of Ukraine and the Cabinet of Ministers of Ukraine in connection with the scope and terms of nuclear indemnity to be granted by the Government of Ukraine to Bechtel as one of the major general contractors of the Chernobyl Shelter project.
  • Green Gas International B.V. on corporate, regulatory and energy law issues in connection with the company's anticipated methane utilisation programme in Ukraine with a view of producing heat and electricity and trade of emission reduction units.
  • Eustream, a.s. on Ukrainian aspects of the reverse gas supply to Ukraine from the Slovak Republic and subsequent preparation of transactional documents executed by Eustream, a.s. with PJSC Ukrtransgaz and PJSC NJSC Naftogaz of
  • MI Energy of China in connection of acquisition of oil & gas fields in the Western part of Ukraine.
  • Nadra Oles'ka LLC regarding drafting, negotiation, and execution of the Production Sharing Agreement for hydrocarbons to be recovered within the Oles'ka block between the State of Ukraine, Chevron Ukraine B.V. and Nadra Oles'ka LLC.
  • Nadra Yuzivs'ka LLC on drafting, negotiation, and execution of the Production Sharing Agreement for hydrocarbons to be recovered within the Yuzivs'ka block between the State of Ukraine, Shell Exploration and Production Ukraine Investments (IV) B.V. and Nadra Yuzivs'ka LLC.
  • NAK Nadra Ukrayny in connection with negotiation of the Production Sharing Agreement between Ukraine, ExxonMobil, Shell, OMV Petrom and NAK Nadra Ukrayny for hydrocarbons to be produced at the Skifs’ka block.
  • Regal Petroleum Corporation on (i) exploration and production of natural gas and gas condensate in Poltava region, Ukraine; (ii) litigation regarding licensing and title to gas producing assets.
  • Shell East Europe Company on corporate, commercial and regulatory issues in connection with the company's activities in Ukraine.
  • Toshiba Corporation on Ukrainian law issues in connection with acquisition of Westinghouse, a worldwide commercial nuclear electric power corporation, which has subsidiaries in Ukraine.
  • Union Fenosa in connection with participation in the open international privatization tender for the acquisition of the controlling share packages of 6 Ukrainian regional power distribution companies.
Featured services:
  • Regulatory compliance, including market design and obtaining all relevant permits and licensing documentation
  • Energy efficiency
  • Energy transition strategies
  • Energy-related transactions, including joint ventures, production sharing agreements, M&A, restructurings, merger clearance
  • Full-scope support of construction projects, including land issues, supply, installation, O&M, FIDIC
  • Project structuring
  • Project development
  • Financing
  • Operational issues, including employment, HSE, tax, and customs clearance matters
  • Public Advocacy and Law
  • Dispute resolution and mediation
Publications
Asters Energy Policy Pulse (volume 27)
Ukraine develops distributed generation
Asters Energy Policy Pulse (volume 26)
Asters Energy Policy Pulse (volume 25)
Ministry of Energy of Ukraine Lifts Martial Law Restrictions on "Green" Tariff Payments
Asters Energy Policy Pulse (volume 24)
Asters Energy Policy Pulse (volume 23)
Asters Energy Policy Pulse (volume 22)
Asters held an event regarding the prospects of connecting wind energy projects to the Ukrainian power grids
Asters Energy Policy Pulse (volume 21)
Asters Energy Policy Pulse (volume 20)
Asters Energy Policy Pulse (volume 19)
Electricity imports could help companies operate smoothly during power outages
Asters Energy Policy Pulse (volume 18)
Asters Energy Policy Pulse (volume 17)
Asters Energy Policy Pulse (volume 16)
Asters Energy Policy Pulse (volume 15)
Asters Energy Policy Pulse (volume 14)
Asters Energy Policy Pulse (volume 13)
Asters Energy Policy Pulse (volume 12)
Asters Energy Policy Pulse (volume 11)
Asters Energy Policy Pulse (volume 10)
Asters Energy Policy Pulse (volume 9)
Asters Energy Policy Pulse (volume 8)
Asters Energy Policy Pulse (volume 7)
Asters Energy Policy Pulse (volume 6)
Asters Energy Policy Pulse (volume 5)
Asters Energy Policy Pulse (volume 4)
Asters Energy Policy Pulse (volume 2-3)
Asters Energy Policy Pulse (volume 1)
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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