Publication

In the light of the 2009 gas dispute between the Ukraine and Russia this policy brief argues that the problem needs a comprehensive solution. According to the authors, this would be a gas transit consortium, bringing all major stakeholders, namely Gazprom, Naftohaz, one or a few European energy companies, and the international financial institutions, to jointly manage the trans-Ukrainian trunk pipeline. The authors conclude that this consortium should be bound by European standards of transparency, corporate governance and accounting in order to tackle the major problem, namely a lack of trust, in the EU-Ukraine-Russia energy triangle.