Energy Headlines

April 7, 2012

Bohdan Danylyshyn: Implementation of energy budget formation concept will strengthen national security of energy supply

On October 30, 2008, the Cabinet of Ukraine, during its session, had approved the draft order “On validation of the Plan of Arrangements on implementation of energy budget formation concept”, developed by the Ministry of Economic Affairs.

Bohdan Danylyshyn had told that abovementioned draft order provides validation of the plan of arrangements, focused on implementation of energy budget formation concept for 2008 to 2011, and enables development of regulatory framework, regarding energy budget formation since 2011.

According to the head of economic department, energy budgets compliant with international standards, had not been formed in Ukraine down to recent times. The procedure of energy budget development, in terms of its content and volume of work to be performed, is more complicated than accumulation, processing and making use of statistical data on certain statistical issues.

At present, Ukrainian statistical information has no comprehensive data, required for energy budget formation.

“Basing on world practice, - the Minister of Economic Affairs had stated, - in order to perform the whole complex of work regarding energy statistics, which will grant an opportunity to form energy budget, we have to provide thoroughgoing modernization of energy statistics and cardinal reconstruction of national statistical estimates in effect, as well as to introduce a number of new surveys”.

The Ministry of Economic Affairs, on the basis of energy budget reporting, will be able to: identify beforehand certain problems that affect the development of electric-power industry of Ukraine; predict general volume and structure of production and consumption of all types of fuel and energy resources in the country and certain regions; determine the level of fuel and energy consumption in the economy as a whole and in its particular industries; introduce nonconventional and alternative energy sources; determine major purpose-oriented ways of consumption, nature of economic relations between producers and manufacturers of fuel and power resources. In other words, the Ministry of Economic Affairs will be able to balance the volumes of manufacturing and consumption of all types of fuel and energy resources in Ukraine.

“Development of energy budget, - B. Danylyshyn has stressed, - is strategically important for the ascertainment of domestic and foreign policy of the state and will grant an opportunity to improve the quality and transparency of national decisions regarding operation of fuel-and-energy complex, in order to strengthen national security of energy supply”.

Source: Ministry of Economy of Ukraine

← All News and Events

Contact Us

4-B, Inzhenerniy Alley, office 311
Kyiv, 01010 Ukraine
Tel: +38 044 332-66-08
Fax: +38 044 280-04-12
Email:
Contact Us
Copyright © 2015 FGL Energy LLC All rights reserved Privacy policy | Terms of use