Ukraine saved 1.6 billion cubic meters of natural gas in 2011 due to energy saving efforts, the press service of the State Agency for Energy Efficiency and Energy Saving has reported.

"Based on the results of monitoring the implementation of sectoral and regional energy efficiency programs and programs to reduce energy consumption in 2011, Ukraine saved 1.6 billion cubic meters of natural gas... The economic effect is estimated at more than UAH 21 billion," reads the statement, according to UKRINFORM.

According to the agency, UAH 16.171 billion was used to take measures to improve energy efficiency last year, including UAH 426.61 million from the state budget, UAH 1.416 billion from local budgets, UAH 2.803 billion as funds of enterprises, and UAH 11.525 billion from other sources.

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