Natural gas in Ukraine

Natural gas in Ukraine

Ukraine has natural gas reserves of 1.1 trillion cubic meters[1] and is ranked 24th among country's with proved reserves of natural gas.[2]

In 2008 Ukraine's gas production was 21.014 billion cubic meters (bcm) with natural gas output rising 1.7% to 19.985 bcm. Ukraine boosted gas production with 1.1% during January-November 2009 year-on-year to 19.413 billion cubic meters (bcm), with natural gas output rising 1.6% to 18.541 bcm.[3] Despite this Ukraine still has to import about 80% of its natural gas needs,[4] mainly from Turkmenistan and Russia[1]; disputes over prices lead to several economic conflicts with Russia.[5]

References

  1. ^ a b Europe Review 2003/4: The Economic and Business Report, Kogan Page, 2004, ISBN 0749440678/ISBN 978-0749440671 (page 384)
  2. ^ Country Comparison :: Natural gas - proved reserves, CIA World Factbook (1 January 2009 est)
  3. ^ Ukraine boosts gas production 1.1% up to November, Kyiv Post (December 10, 2009)
  4. ^ Ukraine at the Crossroads: Economic Reforms in International Perspective by Axel Siedenberg (Editor), Lutz Hoffmann, Physica-Verlag Heidelberg, 1999, ISBN 3790811890/ISBN 978-3790811896 (page 393)
  5. ^ Country profile: Ukraine , BBC News

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