... of Russia’s energy sectors, but struggles to remain relevant amid fast-paced changes in the global markets. Several crucial but politically sensitive energy issues still need further clarification of policies: the future fiscal regime for oil and gas that could incentivize output and prevent production declines; industrial and technological policy; the choice of the future model for Russia’s gas industry and whether it is going to develop under continued state regulation or in the market environment; ...
... on average $700 million per year. It is estimated that
at least 3 bcm of gas produced by Naftogaz
and its subsidiaries do not reach intended customers in the residential/heating sector.
REUTERS/Valentyn Ogirenko/Pixstream
Anna Tsybulina:
Ukraine's Economy: Where from and Where to?
Mismanagement in the state-owned company is combined with the over-taxation of the private (‘independent’) gas producers. Ukraine’s 'independents' are an important domestic source of natural gas supplies.
Ukraine produced 20.5 bcm of gas in 2014
, down 1.0 bcm when compared to 2013. Private producers, however, increased their output by 18 % to 3.3 bcm....
