Calculate and compare the amount and price of natural gas

Reference no: EM13565345

calculate and compare the amount and price of natural gas, the European Union will be divided into two regions: East and West. Countries located west of Germany will be Western European Union and countries located east of Germany will be Eastern European Union. Currently, the European Union comprises of 28 countries, 12 are which from west and 16 are in the east. The west comprises of Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Spain, and the United Kingdom. The east comprises of Austria, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Estonia, Finland, France, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, and Sweden. The next step is to use Gazprom's annual report of natural gas and determine how much natural gas is exported into each country in addition to the amount of money per thousand cubic meters. The last step is to add the volume of natural gas in cubic meters along the amount of money in both regions to determine if the amount and price and amount differences in the two regions. Once all the numbers are calculated for pre and post sanctions, the study will look into the amount of natural that is exported to European Union and determine if the sanctions has hindered Russia ability to sell natural gas.

Reference no: EM13565345

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