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Europe Doesn't Need Nord Stream 2. Russia Does

09 March 2018In late January, the Nord Stream 2 pipeline project received permission for construction and operation where it would make landfall in Germany. Nord Stream 2, like its first iteration, seeks to transit 55 billion cubic meters (bcm) of Russian natural gas annually—by the Baltic Sea instead of through Ukraine. By redirecting gas flows, the Kremlin aims to simultaneously undermine European unity and the Ukrainian economy.

Opening access to geodata: Are we on the verge of an Open Data revolution in extractive industries?

14 November 2017Opening access to geodata as well as simplifying the process of obtaining permits may significantly improve the business climate in Ukraine. It will be much easier for potential investors to objectively evaluate attractiveness of staring an extractive business in Ukraine and its possible scale, otherwise they will choose countries with more advantageous and simpler working environment.

Win-win. How the government, business and local communities can benefit from extractive contract disclosure

03 November 2017Business of extractive companies is associated with high risk due to both the complex nature of the extraction as a production process and the bureaucracy. According to the estimations provided by the Association of Gas Producers of Ukraine, bringing new deposits into commercial production requires approximately 40 permits to be issued by 16 different authorities.

Sustainable Legal Framework to Regulate Transparency in Extractive Industries as a Basis for Establishing a Dialogue and Raising Investments

08 August 2016The “offshore” scandal, the notorious investigation of Onyshchenko case and the recent decision on the investor in Yuzivska field much increased the importance of ensuring transparency in the extractive business.