THE IMPACT OF UKRAINE'S FINANCIAL COOPERATION WITH THE IMF ON THE REFORMATION OF THE ENERGY MARKET AND PRICE POLICY IN THE FIELD OF GAS SUPPLY
Keywords:
IMF and Ukraine, gas industry, market price, economy of Ukraine
Abstract
The research identifies necessity to implement the requirements established by the International Monetary Fund, as the need for a new tranche from the fund may lead to the implementation of uneffective policy in the gas market of Ukraine. The current competitive environment in the gas market of Ukraine has been analyzed. The article estimates the expediency of increasing gas prices in Ukraine to the market level and the possible effects of such solution for the retail customers. The comparison of the price environment on the markets of the European Union and the domestic market is carried out. Authors determine forecasted volume of the country's capacities in the gas industry and offer possible ways for the future development of the gas industry of Ukraine.
References
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Vakarchuk, S., Dovzhok, T., Kharchenko, M., Filyushkin, K. (2014). Unconventional gas resources in the Easten petroleum region of Ukraine. Visnyk of Taras Shevchenko National University of Kyiv: Geology, Vol. 2 (65), 49-53. DOI: 10.17721/1728-2713.65.10. [in English].
Dzoba, O., Marynchak, L., Romashko, O. (2017). A new approach to the assessment of effective management of gas supply diversification. Baltic Journal of Economic Studies, Vol. 3(1), 24-30. DOI: 10.30525/2256-0742/2017-3-1-24-30 [in English].
Energy Security in Europe, 251-273. DOI: 10.1007/978-3-319-64964-1_10. [in English].
Kulishov, V., Kotane, I., Yegorova, I., Puriy, H., Hushko, S. (2018). Influence of Conditions of Economic Systems on Innovation Processes in Modern International Economic Environment. Proceedings of the International Scientific Conference “Society. Integration. Educatoin“, Rezehne Academy of Technologies. DOI: 10.17770/sie2018vol1.3395. [in English].
Markevich, K., Omelchenko, V. (2016). Pricing in energy markets: experience of the EU and Ukraine. Analytical Report. Kyiv: Testament. [in Ukrainian].
Memorandum on Economic and Financial Policies. (2017, March 02). [Electronic resourse]. Retrieved from www.documentcloud.org/documents/3536089-Memorandum-IMF-02-04-2017.html#document/p1. [in Ukrainian].
Mitra, P., Atoyan, R. (2012). Ukraine Gas Pricing Policy: Distributional Consequences of Tariff Increases International Monetary Fund. [Electronic resourse]. Retrieved from DOI: 10.5089/9781475512878.001. [in English].
Pavel, F., Chukhai, H. (2006). Gas prices for the civil society: How to combine economic and social considerations. Kyiv: German advisory group. [in Ukrainian].
Price list for natural gas from the resources of the National joint-stock company "Naftogaz Ukraine". (2017). [Data file]. [Electronic resourse]. Retrieved from http://www.naftogaz.com. [in Ukrainian].
Shraiber, O. A., Antonets I. V. (2017). A method for calculating the dynamics of the process of natural gas reforming. The Problems of General Energy, 2 (49), 65-74. DOI: 10.15407/pge2017.02.065. [in Ukrainian].
Siddi, M. (2017). Identities and Vulnerabilities: The Ukraine Crisis and the Securitisation of the EU-Russia Gas Trade.
The official website of Government Portal. (2018, September 15). [Electronic resourse]. Retrieved from https://www.kmu.gov.ua/ua/npas/250250456. [in Ukrainian].
The official website of PwC Ukraine. (2018, September 15). [Electronic resourse]. Retrieved from https://www.pwc.com/ua/uk/. [in Ukrainian].
The official website of Reinis Fischer. (2018, September 15). Average salary in European Union 2018. [Electronic resourse]. Retrieved from https://www.reinisfischer.com/average-salary-european-union-2018. [in English].
The official website of TeploGov. (2018, September 15). How does the price for gas forms in Ukraine. [Electronic resourse]. Retrieved from https://teplo.gov.ua/tarify/kak-formiruetsya-tarif-na-gaz.html. [in Ukrainian].
The official website of trading economics. (2018, September 15). Ukraine average monthly wages 2018. [Electronic resourse]. Retrieved from https://tradingeconomics. com/ukraine/wages. [in English].
Vakarchuk, S., Dovzhok, T., Kharchenko, M., Filyushkin, K. (2014). Unconventional gas resources in the Easten petroleum region of Ukraine. Visnyk of Taras Shevchenko National University of Kyiv: Geology, Vol. 2 (65), 49-53. DOI: 10.17721/1728-2713.65.10. [in English].
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Published
2018-10-29
How to Cite
Vasylchuk, I., Yegorova, I., & Suzdal, N. (2018). THE IMPACT OF UKRAINE’S FINANCIAL COOPERATION WITH THE IMF ON THE REFORMATION OF THE ENERGY MARKET AND PRICE POLICY IN THE FIELD OF GAS SUPPLY. Scientific Journal of Polonia University, 30(5), 52-59. https://doi.org/10.23856/3004
Section
Social Sciences
