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You're reading: Ukraine’s energy security hostage to domestic pricing, not Russia

You may have noticed that Ukrainian government officials, as well as the country’s opposition politicians, never seem to tire of commenting on the status of the ongoing “natural gas price negotiations” between Ukraine and Russia.

One politician says that the pricing formula is unfair, a second that the transit volumes through the Ukrainian pipeline should be guaranteed, a third that the pipeline should be managed by a three-way European Union-Ukrainian-Russian consortium, a fourth that a giant new terminal should be built on the Black Sea for diversification purposes. And so on and so on.

Ukraine’s various political camps have been blaming each other for the high Russian gas price for as long as anyone can remember.

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