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

... Ukraine? Political turmoil, economic crisis, and armed conflict have led to a significant reduction in primary energy and natural gas consumption in Ukraine. Between 2010 and 2013, the price charged by Gazprom to Ukraine’s national energy company Naftogaz - considered by Kiev as excessive and unjust – was used as a main argument for diversification away from Russia. According to Ukraine’s State Statistics Committee data, Gazprom shipped 37.5 bcm in 2011, while billing Naftogaz $11....