September 01, 2015

Ukraine’s energy crisis may invite hydraulic fracturing and regulatory uncertainty

Viktoriia De Las Casas

Since 2014, Ukraine has been in turmoil. An ouster of the Ukrainian president, disputes over Ukraine’s natural gas payments debt to Russia, and the annexation of Crimea, among other events, have culminated in a severe energy crisis in the country.

Traditionally, Ukraine has been a significant consumer and vital transporter of natural gas produced in Russia. Ukraine provides Russia with access to the European gas markets through an extensive network of Ukrainian pipelines, guaranteeing Ukraine a continuous supply of natural gas at discounted prices. Russian gas satisfies 40 percent of Ukrainian energy demand.

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