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Ukraine cut its gas imports by one quarter last year

Tuesday, January 29, 2019
Ukraine cut its gas imports by one quarter last year

Ukraine cut its gas imports by one quarter last year, Naftogaz reports. Imports fell from 14.1 billion cubic meters in 2017 to 10.6 bcm. Domestic production – overwhelmingly in the hands of state-owned Naftogaz – increased last year by only 2.5%, to 21 bcm. At the same time, Ukraine’s GDP grew last year by an estimated 3.4%. In this context, the most likely causes for the import drop were increased energy efficiency and shifts to other energy sources.

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