Ukraine’s Energy Future Lies in Good Governance, Not in Diversification

... to note that 80% of Ukraine’s natural gas output is extracted in Poltava and Kharkov regions . Only the peaceful 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) over smaller private enterprises and risks undermining both the growth of “independents” and the liberalization of Ukraine’s gas market. From a purely commercial prospective, energy cooperation between Russia and Ukraine make ...