Ukraine has one of the most energy-intensive economies in the industrialised world. While energy consumption has dropped since the country’s independence, reliance on imports, particularly on gas from Russia, has not declined. This dependence increases risks for security of supply. As tension between Ukraine and its main energy supplier has grown in recent years, the country’s energy policy is driven by a strong desire to improve domestic energy security and reduce natural gas imports. Energy transit through Ukraine is significant. Due to its geographic position, the country plays a major role in securing Europe’s energy needs: 84% of Russian gas supplies to Europe transit through Ukraine via pipeline. How can the country meet these challenges?
Ukraine: Energy Policy Review 2006 identifies three key priority areas for action: energy efficiency, cost-reflective pricing and transparency. Efficiency represents not only Ukraine’s single best opportunity to improve energy security but is also vital for the country’s growth and development. The Review is an essential read for Ukrainian policy makers, potential investors and anyone interested in Eurasian energy issues. It covers all aspects of the energy sector, such as energy demand, the policy framework and subsectors including energy efficiency, oil, gas, coal, electricity, district heating and renewable energy.