Ukraine's Energy Challenge
OP-ED
Anders Aslund: Why Ukraine needs market-based gas prices
Dmytro Firtash, one of Ukraine's most influential oligarchs attends a trial on April 30 in Vienna.The billionaire was recently arrested in Vienna at the request of the FBI and Viennese court is to decide on a US extradition request.
A fundamental problem with Ukraine’s gas sector has been very low prices for consumption and domestic production by state-related companies, which have led to over-consumption and underproduction. However, Ukraine does not need to import gas or coal if it only offers normal market-economic conditions for the energy sector.
