The Directions in Increasing Energy Security of Ukraine

The energy security of Ukraine has been analyzed and its problems have been exposed. The reasons that slow down the development of energy industry and lead to crisis in energy development have been determined. One of the directions of Ukrainian energy security improvement is state regulation of energy development as a part of national economy. But under market conditions state regulation requires improvement which can be realized by two directions. The first one is to improve organizational structure and functions of state regulation of energy development. The second one is to improve the law base of state regulation. All the measures give the opportunity to balance the interests of producers and providers of energy industry resources, their consumers and the state. At the same time the Concept of improvement in state regulation of energy development should be worked out. It will contribute to energy security of Ukraine and will strengthen the sovereignty of the country. The guarantee of Ukraine's energy security is cooperation with the European Union, as Ukraine has signed Energy Charter Treaty which gives the access to European energy markets and contributes to reduction of energy dependence. The important factor which essentially influences the energy security of the country is diversification of energy resources supply as it increases energetic and economic independence by the growth of the number of independent oil and gas providers in Ukraine. Thus, energy security is one of the most important problems, solving of which guarantees the steady development of Ukrainian society and the society in the European Union countries.