Title: Natural gas in Ukraine - Wikipedia
Headings: Natural gas in Ukraine
Natural gas in Ukraine
Contents
Domestic production
Regions
Consumers
Imports
Prices of import
Ukraine as transit route of natural gas
Shale gas
See also
Notes
References
External links

Content: Natural gas is Ukraine's biggest import at present and is the main cause of the country's structural trade deficit. In the 17 December 2013 Ukrainian–Russian action plan it was agreed that the cost of Russian natural gas supplied to Ukraine would be lowered to $268 per 1,000 cubic metres (this price was more than $400 in December 2013). During the Russian - Ukrainian crisis, starting in February 2014 with the Russian military intervention in Crimea, severe tensions extended to the gas sector. Eventually, the EU commissioner for energy Günther Oettinger was called in to broker a deal securing supplies to Ukraine and transit to the EU. The package signed on 30. October included Russian supplies of gas to Ukraine in the period November 2014 through March 2015, conditioned on the payment of undisputed Ukrainian gas debt ($3 billion). The price for November and December 2014 was set at $378 per thousand cubic meters, to be adjusted in January. Deliveries were to be prepaid. During that winter Ukrainian monopoly Naftogaz was able to import limited quantities of gas from the EU (reverse flow from Slovakia, Poland and Hungary) at Central European hub prices, around $250 per thousand cubic meters. Due to severe drop of oil market price (the price halved from mid-2014 to end of the year) Gazprom had to reduce the oil-linked gas price.