In the past few years, Ukraine has reduced its gas consumption almost twice — to 28 bln. cu. m, having become the world leader in reducing energy consumption. At the same time, this reduction was mainly due to a drop of the GDP, not implementation of energy efficiency measures.
Also, Ukraine currently has second largest natural gas reserves in Europe after the Netherlands. These reserves contain almost 600 bln. cu. m. Undiscovered resources are estimated at approximately 3 trillion cu. m.
