Ukraine as a key to Europe’s energy security. Towards a US-Polish-Ukrainian LNG trading platform

On August 31st 2019 a Memorandum of Understanding was signed in Warsaw to strengthen gas security in the region through LNG supplies from the US via Polish and Ukrainian infrastructure. This formal document may lay the foundations for developing a new natural gas trading market in Europe.

Free of political barriers, access to a diverse range of energy sources is necessary for effective industrial development. European economies have become increasing concerned with energy security. This is largely the result of growing desires to end a dependence on supplies of gas and oil from the Russian Federation. The diversification of energy sources guarantees supply and promotes market liquidity. What actions should be taken in order to ensure this diversification? Will the Ukraine-Poland Interconnector and Baltic Pipe be able to guarantee a continuous supply of gas to the Polish and Ukrainian markets? What are the challenges faced by companies which manage infrastructural projects in the natural gas sector?