Ukraine Is Failing To Capitalize On Its Gas Potential

Many nations that intend to become self-sufficient with regard to their hydrocarbon needs oftentimes lowball the terms and conditions they offer to prospective investors. This is fairly logical, high-risk spots must be attractive enough and afterwards, following the first commercial discovery and the first project commissioning, the state can think of ways of increasing the tax burden and finding new methods of hiking revenues.

As banal and trite this might seem, there are cases when this sequence breaks down and the phase of opening degenerates…