Europe less reliant on Russian gas through Ukraine


  • World
  • Monday, 03 Mar 2014

LONDON/PRAGUE (Reuters) - A mild winter and improved infrastructure mean Europe is less reliant on Russian natural gas pumped through Ukraine than in past years, easing worries that the escalating crisis in Ukraine could hurt supplies.

Russia is Europe's biggest gas supplier, providing around a quarter of continental demand, which at current daily flows of 270 million cubic metres (mcm) is worth almost $100 million a day. Around a third of Russia's gas is exported through Ukraine.

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