Ukraine's gas upstream sector: focus on international investment

Roman Opimakh Economic Reforms Coordination Center Kiev, Ukraine Ukraine depends to a large extent on natural gas imports, which are mainly met by one external supply source. To enhance energy security and develop market competition, the Ukrainian government has taken measures to increase the indigenous gas production and liberalize the domestic gas business. Achieving these goals requires large-scale investments in the upstream sector. To attract these investments requires systemic reforms in the areas of tax regime, access to hydrocarbon reserves, and pricing to develop an attractive, stable, and transparent business environment. The past year has shown a positive trend in this directio...

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