Carcetti Capital Corp V.CART.H

RE:Ukraine parliament fails to approve reduced gas production

[Bobwins]

They probably thought that reducing the tax from 45 to 29% was a magnificent feat and didn't want to give the industry another gift so soon.  They just don't get it.  Incenting new wells will dramatically increase production quickly, which is what they want.  Production will still increase at 29% but likely won't hit their target of self sufficiency.  

What they want is not only new investment but new technology.  You can only attract outside investments, which use the latest technology by competing with other countries for attractive overall investment conditions.  

Hopefully they will learn these hard facts before a long cold winter comes and they don't have enough ngas.