Few countries in the world have a more precarious energy situation than Ukraine. A heavy dependence on oil and gas imports, inefficiently mined coal, and unsafe nuclear power have left the country vulnerable to energy supply disruptions. Despite some positive moves to restructure the energy sector, Ukraine has not charted a course toward the adoption of market-oriented, long-term energy strategy. This IEA report takes an in-depth look at recent developments and additional steps needed to move Ukraine's energy sector through the difficult transition process, including a redefinition of the government's energy role a shift toward market-led business practices in oil and gas production, oil refining and marketing, coal mining and distribution, electricity generation, and gas and power distribution improved energy security through more diversified energy imports, reliance on domestic coal, and safer use of nuclear energy and a drive to conserve energy and minimize energy waste, in tandem with energy price liberalization. Included in the IEA survey are revised data on Ukraine's energy demand, supply, trade, and prices. This study offers policy makers and private companies a better understanding of the energy risks and trade-offs facing the Ukraine in the years ahead.
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