Comparative analysis of the gas sector in Ukraine and the Czech republic

Abstract

In most countries, the gas sector is one of the sectors that have a significant impact on the state energy security. After the collapse of the Soviet Union and after the changes of communist rule, the Czech Republic as well as Ukraine began their own battle for energy independence. After political and economic revolution, there was a long and difficult journey which had both positive and negative consequences for the development of the countries. Natural gas consumption in Ukraine amounted to almost 114.95 billion cubic meters in 1991, while in the Czech Republic it was near 5.9 billion cubic meters. [2,4] Accordingly, gas consumption per person reached circa 2.2 thousand cubic meters per year in Ukraine, and 0.57 thousand cubic meters per year in the Czech Republic. Currently, Ukraine has a significant advantage in gas reserves and capacity of underground gas storages. According to the official data, the total gas reserves in Ukraine are about 1050 billion cubic meters, while in the Czech Republic only 4.73 billion cubic meters