Boosting gas trading in Ukraine
Ukraine needs a reliable price signal for natural gas to coordinate production, consumption, investment and trade. Such a price signal is best delivered by a transparent and liquid gas market. Ukraine has all structural preconditions in terms of market size and infrastructure to develop a wellfunctioning gas market. Also, the regulatory reforms of the past two years already enabled some market development. 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. We focus on the first market segment (wholesale) and identify four key areas that need to be addressed to enable a transparent and liquid market: ensuring liquidity, removing remaining administrative trade barriers, de-risking gas trading and finding a common platform.