Thursday, January 29, 2015

Ukrainian government and energy sector reform

According to Prime Minister, Ukraine has taken a number of important steps to reform the energy sector, made success in the fight against corruption, signed open and transparent contracts for purchase of the natural gas from European Union member states and is now looking forward to Western companies' investment in Ukraine's gas transportation system. In reality, however, these statements do not match the actual actions of the government and to most of the Ukrainian gas market players would seem deceptive. In the course of last year Ukraine's private gas producers were doing their best to overcome, if not survive, the consequences of the government significantly increasing fiscal and administrative pressure on the industry without any consultations with the latter, not delivering on its own promises and undermining what was left of any trust to it. Read more >>>
KyivPost