How safe are investments in the Ukrainian energy market?
Brussels (pts101119014) - On 22 November, held a summit of EU and Ukraine. Participants will deal inter alia with the transparency of the Ukrainian energy market. The reason is that foreign investment in the heating and power system of Ukraine is required. On the agenda is the security of the investments of companies with their want to expand funding to the Ukrainian gas and oil business.
The subject has received the new energy strategy, a completely different meaning. Günther Oettinger, EU Energy Commissioner, said that is needed for energy infrastructure in the EU over the next ten years, a trillion euros of investment. The top priority will be on the security and stability in the oil and gas supplies. "The need to provide stable and secure energy system on pillars, a lot of time," said Oettinger. "These decisions are ambitious but necessary and must be taken now."
James Wilson, Founding Director of the EU-Ukraine Business Council in Brussels welcomed the impending participation of Ukraine as a full member of European Energy Community. The Ukrainian energy market is integrated in the light of competition, standards and rules in the EU and those brought on track - for a safe and environmental development.
"European investors will support all efforts by President Viktor Yanukovych, to increase market transparency and to create a level playing field for all investors," Wilson promises.
It is not to overlook the fact that Ukraine has already taken initial steps to become a reliable partner of the European Energy Community to be. On the same day that the EU's energy strategy was adopted, by the Higher Administrative Court in Kharkov, a law put into effect that regulates the import market. Thus, import plans laid down and the import of fuel shall be prohibited if it no taxes are deducted.
After an estimate of the European Business Association in Kiev within a period of three months, 810 000 tons of fuel and 330,000 tons of crude oil below, introduced discriminatory conditions for foreign investors. Had the government in Kiev did not stop these machinations by the end of the year 70 percent of the oil market would have gone on duty over. Thus the state would be missed $ 400 million in revenues.
EU observers expect that the fight against non-transparent and dubious machinations in the market for raw materials and fuels, only the first step in a larger fight against the smuggling of energy supplies. (Gennady Silbermann, Silvercomm)
0 comments:
Post a Comment