Cheap Russian gas deal undermines Ukraine’s energy strategy

Ukraine is in turmoil but wants to develop its own energy sector (photo: dpa)
Ukraine is in turmoil but wants to develop its own energy sector (photo: dpa)

Ukraine’s plans to cut gas imports and its reliance on Russia for its energy have been undermined by a new cut-price gas contract. The new deal, agreed in December 2013, undermines Ukraine’s strategic objectives of developing its own energy sector and keeps Russia’s most important neighbour, under Moscow’s influence.

<i>Ukraine stopped all gas imports from Poland and Hungary in January 2014 after importing two billion cubic metres (cm) in 2013 through a newly-created reverse-flow option operating in Poland since 2012 and Hungary since 2013. The suspension of these imports highlights its shifting energy strategy and a rising gas dependence on Russia. Officially, this is justified...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment