Deputy Minister of Energy and Coal Industry of Ukraine on European Integration Natalia Boyko met with representatives of the energy regulator of the province of Alberta, Canada.
During the meeting the sides touched upon burning issues in the energy sector, inter alia questions pertaining to ensuring transparency and openness in the oil and gas sector.
The Deputy Minister of Energy and Coal Industry stressed the interest in learning the experience of transparency and risk prevention in the energy sector, which will facilitate investment attraction and efficient use of deposits in Ukraine.
The Canadian side shared experiences and presented a presentation on transparency and openness in the energy sector in Alberta. In particular, they briefed on the Canadian experience of developing a database that is updated promptly. Such awareness promotes risk-taking in the decision-making process and provides the opportunity for consistent and coordinated regulation throughout the use of resources cycle. An increased transparency, according to the Canadian representatives, allows to continuously focus on the process, to improve regulation and to implement integrated application of solutions.