Gas Reform in Ukraine : Monopolies, Markets, and Corruption

Reform of the natural gas industry in Ukraine started a year later than reform of the power industry. Because gas reform had no blueprint, its direction has remained ambiguous. That ambiguity is the result of a conflict between those who advocate vertically integrated, opaque, monopolistic structures and those who want a transparent, competitive gas market governed by stable rules. This conflict will likely continue for several years, making the ultimate outcome difficult to predict. More by accident than by design, the reform produced a number of innovative features that might be of interest for other countries planning to restructure and privatize their gas industries.

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Bibliographic Details
Main Author: Lovei, Laszlo
Format: Viewpoint biblioteca
Language:English
Published: World Bank, Washington, DC 1998-12
Subjects:ALTERNATIVE ROUTE, COAL, COAL INDUSTRIES, DISTRIBUTION ASSETS, DISTRIBUTION COMPANIES, DISTRIBUTION NETWORK, DISTRICT HEATING, ELECTRICITY, ENERGY CONSUMPTION, ENERGY SECTOR, GAS, GAS COMPANIES, GAS DEMAND, GAS DISTRIBUTION, GAS EXPLORATION, GAS FIELDS, GAS IMPORT, GAS IMPORTS, GAS INDUSTRIES, GAS INDUSTRY, GAS MARKET, GAS MARKETING, GAS MARKETS, GAS PRICES, GAS PRODUCER, GAS PRODUCERS, GAS PRODUCTION, GAS SECTOR, GAS STORAGE, GAS STRATEGY, GAS SUPPLIES, GAS TRADING, GAS TRANSMISSION, GAS TRANSMISSION SYSTEM, GAS TRANSPORT, NATIONAL OIL, NATURAL GAS, NATURAL GAS SUPPLY, NET IMPORTS, OIL, OIL AND GAS, OIL AND GAS SECTOR, PIPELINES, PIPES, POWER INDUSTRY, POWER PLANTS, PRICE OF GAS, PUBLIC UTILITIES, RESTRICTIONS, SPOT MARKET CORRUPTION, MONOPOLIES, TRANSITIONAL ECONOMY, NATURAL GAS SECTOR, NATURAL GAS STORAGE, MARKET ECONOMY, PRIVATIZATION, NATURAL GAS PIPELINES,
Online Access:http://documents.worldbank.org/curated/en/1998/12/441540/gas-reform-ukraine-monopolies-markets-corruption
http://hdl.handle.net/10986/11507
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Summary:Reform of the natural gas industry in Ukraine started a year later than reform of the power industry. Because gas reform had no blueprint, its direction has remained ambiguous. That ambiguity is the result of a conflict between those who advocate vertically integrated, opaque, monopolistic structures and those who want a transparent, competitive gas market governed by stable rules. This conflict will likely continue for several years, making the ultimate outcome difficult to predict. More by accident than by design, the reform produced a number of innovative features that might be of interest for other countries planning to restructure and privatize their gas industries.