Related Articles
Forward article link
Share PDF with colleagues

Ukraine must be bold to stimulate growth in the gas sector

There is great potential still in the country’s gas sector, but Kiev must be bold if it wants to attract the investment – and players – it so desperately needs

In August 2014, Ukraine’s government more than doubled its taxes on gas production for private companies as part of a broader effort to shore up its embattled budget. The result is a combined marginal tax rate of close to 70%, putting Ukraine on a par with hydrocarbon exporting countries such as Norway, Russia and Kazakhstan. But Ukraine is not an exporter of hydrocarbons. Not any more. It is a country in the midst of a desperate gas shortage, as it continues to negotiate with Russia over gas supplies needed to cover demand for the winter. The tax increase, originally introduced as a temporary measure running until the end of the year, could now be extended indefinitely. This move, while un

Also in this section
NLNG strikes while the iron’s hot
20 July 2018
Plans are finally in motion to expand Nigeria’s LNG export capacity
Myanmar faces energy crossroads
20 July 2018
Huge potential in the country’s energy sector faces equally sizeable challenges
IOCs face choppy South China Sea conditions
20 July 2018
Beijing's determination to exert its influence in the South China Sea is causing problems for oil companies active in the region