Ukraine has enough biomass resources for biogas production. However, this energy potential is not used sufficiently. This research is aimed at examining the current experience of commercial biogas systems in the Europe Union and its adaptation for Ukraine. Special attention was paid to economic indicators, such as specific investment costs, production costs (biogas, biomethane, and electricity), and incentives. Using statistical data for the European Union and Ukraine, the biogas potential for Ukraine (based on European experience) was determined. The economic competitiveness of biogas production was evaluated compared to alternatives, such as photovoltaic, wind power, biomass, conventional fuels, and liquid biofuels. The results showed that biogas complexes have higher specific investment costs and produce more expensive electricity. It was highlighted that agricultural residues and industrial waste are sustainable feedstocks for biogas systems. A perspective biogas plant is a plant that is an integrated part of the circular bioeconomy that is based on organic residues. Biomethane production (as a substitution for vehicle fuel) combined with capture and utilization of carbon dioxide is a more profitable pathway. Awareness and perception of the importance of biogas are key factors for the development of the biogas industry. To develop an effective strategy for the biogas industry, it is necessary to create a positive image in order to raise awareness and knowledge of biogas technologies.