Burisma Offers Hope for Ukraine’s Energy Independence

2017/10/12 16:50:20

As of today, Ukraine produces 30 percent of its natural gas consumption, but it must look to alternatives. If it can organize a concerted mining effort, then it could deliver gas to its consumers at a cheaper rate and exercise its own political and economic sovereignty.


From the Int’l Policy Digest, Oct 12, 2017

 

[…]

 

Ukraine sets its sights on energy independence

 

It is becoming increasingly clear to the Ukrainian government that the country must mine and manage its own energy resources to become self-sufficient, a task which it is slowly warming up to.

 

But it cannot succeed alone and has so far failed to secure support from foreign investors given the harsh barriers to doing business in the country, namely, excess bureaucracy and corruption.

 

As of today, Ukraine produces 30 percent of its natural gas consumption, but it must look to alternatives. If it can organize a concerted mining effort, then it could deliver gas to its consumers at a cheaper rate and exercise its own political and economic sovereignty.

 

But this will only be feasible with the rise of private energy producers.

 

Burisma Group, one of Ukraine’s largest private companies, has been working to promote the country’s energy security inside and outside its borders in parallel with the state’s own efforts, most recently by launching the import of large volumes of gas from Europe in August 2017.

 

[…]

https://intpolicydigest.org/2017/10/12 ... ne-s-energy-independence/

 

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