Ukraine: Naftohaz Restructuring in Question
Ukraine: Naftohaz Restructuring in Question

Author(s): Bartosz Bieliszczuk, Daniel Szeligowski
Subject(s): National Economy, Business Economy / Management, Governance, Environmental and Energy policy, International relations/trade, Transport / Logistics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Ukraine; reforms in gas sector; Nord Stream 2 gas pipe line; national oil and gas company Naftohaz; restructuring of Naftohaz;
Summary/Abstract: Ukraine has started reforming its gas sector simultaneous with its struggle against Russian aggression and trying to prevent the construction of the Nord Stream 2 gas pipeline, which would deprive the country of most of its current gas transit revenues. However, further reforms are hampered by the lack of political will among Ukrainian authorities. The slow pace of the reforms and a dispute between the government and management of Naftohaz have negatively affected Ukraine’s international image. These factors could lead to a situation in which gas transit via Ukraine no longer is considered a viable alternative to the new Gazprom pipelines, which would seriously undermine Poland’s diplomatic efforts in support of Ukraine’s opposition to Nord Stream 2.

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