The sole and main guarantee for attracting investment into the energy sector is the liberalization of the energy market.
This was stated by Naftogaz CEO Oleksiy Chernyshov.
"The future undoubtedly lies in the state's ability to attract investments and financing into these sectors, primarily the energy sector, which is crucial for us. The only guarantee for attracting investments, apart from the well-known reform packages that need to be implemented to provide transparency, trust, and predictability of government actions, is the liberalization of the energy market," he said.
Chernyshov emphasized that the energy sector is 90% comprised of state-owned companies and requires significant reform.
"Therefore, liberalizing the energy market will be the first substantial and necessary step that will begin to positively impact and revitalize this system. In my opinion, this should be the starting point. It is fundamental," the Naftogaz head stressed.
Earlier, the International Finance Corporation (IFC) stated that liberalizing energy prices is necessary to unlock $97 billion in investments in the energy sector.
