Priority Reforms of Ukrainian State Regulation System in Natural Gas Upstream Industry (Taxation, Pricing, Access to Reserves)
Article from: OGEL 5 (2013), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
Ukraine depends to a large extent on natural gas import, being mainly met by one external supply source. To develop the economic competition in the domestic gas market the Ukrainian government takes encouraging measures to increase the indigenous gas production. Achieving this goal requires attracting very large-scale investments into this capital-intensive sector, which presupposes carrying out a systemic reform in the areas of taxation regime, pricing system, and licenses granting mechanism for the development of transparent and stable business rules. The past year shown the ...