Ukraine’s Energy Future Lies in Good Governance, Not in Diversification
... resolution of internal tensions, taking into account the interests of all regions and parties, will help to revive Ukraine’s economy and its energy sector. The new fiscal regime clearly favors the license–holder of the large fields (e.g. Naftogaz) ... ... and heavily depends on the position of Ukrainian government. From a purely rational economic point of view, cooperation with Gazprom – especially in the time of low prices – is commercially viable and outcompetes all available or planned diversification ...