Ukraine’s untapped energy potential remains attractive to foreign investors despite the sector’s lack of transparency and related risks.
According to an October 2012 report by the International Energy Agency, an intergovernmental energy adviser, in spite of Ukraine’s inefficient infrastructure and heavy reliance on expensive imports of fossil fuels, there is “potential for Ukraine to experience an energy revolution, one that could boost employment, lift economic growth and enhance energy security.”
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The report also noted Ukraine is taking steps in the right direction: “Energy policy in Ukraine is showing signs of a shift to foster the further development of domestic resources and to strengthen the energy market framework to European Union levels.”
