Ukraine’s path to gas independence is to encourage private investment and to break up the monopoly of Naftogaz, the state company that produces 75% of the nation’s gas,
Monday, September 10, 2018

Ukraine’s path to gas independence is to encourage private investment and to break up the monopoly of Naftogaz, the state company that produces 75% of the nation’s gas,

Ukraine’s path to gas independence is to encourage private investment and to break up the monopoly of Naftogaz, the state company that produces 75% of the nation’s gas, Ukrainian businessman Pavlo Fuks writes on Telegram. Through August, private company gas production is up 8.7% yoy, while Naftogaz production is up 2.6%. Fuks praised the government’s steps to place geological seismic data online and to hold transparent, ProZorro-style electronic auctions for gas fields. If deregulation continues, he says, Ukraine can double gas production. He writes: “If there is a political decision to de-monopolize the market, we will get fast growth.”

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