Gas market: the direction is clear – but the devil is in the details
Ukraine has all structural preconditions in terms of market size and infrastructure to develop a well-functioning gas market. Also, the regulatory reforms of the past two years not only created a general legal framework but already enabled some market development.
NL 101 | March 2017
Energy and Climate
But important steps are still to be taken to make the wholesale gas market, the retail gas market, the balancing energy market, and
pipeline capacity auctions functioning properly. The coordination and sequencing of the individual reform steps is crucial. Otherwise the political climate (e.g. through steeply rising household prices), or the entrenchment of new vested interests could irreparably derail the reform process.
