16% Of Natural Gas Consumed In Europe Flows Through Ukraine

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Hira Shahnawaz Akhtar
Published on
Updated on

European countries consumed a total of 18.7 trillion cubic feet (tcf) of natural gas in 2013, of which 5.7 tcf came from Russia. The Energy Information Administration (EIA) has recently released its finding that of the 5.7 tcf gas that flows to Europe from Russia, 3 tcf flowed through the Ukrainian pipeline networks. Major natural gas pipelines flowing through Ukraine There are primarily three pipeline systems that carry Russian gas to Europe via Ukraine. The first of these is the Bratstvo (Brotherhood) pipeline which is the largest pipeline to Europe. “It crosses from Ukraine to Slovakia and splits in two…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.