Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, September 19, 2017

Georgetown professor speaks on energy security in Ukraine

During the annual meeting of the European Bank for Reconstruction and Development (EBRD), Professor of Government at Georgetown Thane Gustafson spoke about Ukrainian energy security, the EBRD reported on Monday.

A large factor, he states, is Ukraine's reliance on gas from other countries, due to the fact that Ukraine does not produce enough natural gas to serve itself. The country also has a greater amount of transit than Russia does.
 
"There is less reliance on Russian transit going through Ukraine," Gustafson said. "The Russians use other pipelines now, and the Ukrainians themselves now have more options for their own gas supply. Add those things together, and there is good news down the road. Maybe five years from now, 10 years from now, Ukraine will be much more secure on the energy front."

He also states that this issue will resolve itself as the Ukrainian economy develops and evolves to surpass outdated industry from the Soviet Union time period.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

Get notified the next time we write about European Bank for Reconstruction and Development!