Kiev looks east
Ukraine may have swapped dependence on Russian natural gas for reliance on European supply but diversifying import routes is proving challenging
Having eliminated its dependence on Russian natural gas by switching to supply routed through neighbours in the European Union, Ukraine is now looking for alternative sources to strengthen its energy security and bring down costs. Central Asia's producers are top of Kiev's wish list, but getting hold of the gas won't be easy. Ukraine still acts as a transit route for Russian gas to Europe. But it hasn't imported any for domestic use since late 2015, due to the long-running political hostilities that escalated with Moscow's support for pro-Russian fighters in the east of the country, and the Russian annexation of Crimea in 2014. Instead, Kiev has been buying gas through the EU countries it bo
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition