Ukraine’s Energy Future Lies in Good Governance, Not in Diversification

... bcm in 2014) and the residential sector (consumption reduced from 16.84 bcm in 2013 to 15.1 bcm in 2014 ). Ukraine’s natural gas import bill also dropped from $12 billion in 2013 to $8.8 billion in 2014. In 2014, total financial transfers from Naftogaz to Gazprom were only $7.2 billion, including $1.45 billion in debt payments for 2013 supplies, and a $1 billion pre-payment to Gazprom wired in December 2014 (also used for gas purchases in January 2015) [2] . The decrease of energy imports/domestic gas ...