Ukraine suggests extending its gas transit system

In addition to the existing gas transit system of Ukraine (GTS) it is economically sound to build several new lines. They will cost the future partners in a consortium ten times cheaper than the bypass gas pipelines, says Ukraine's Foreign Minister Petro Poroshenko.

“I admit no discussion on the change of the pattern of ownership for the GTS. But we have been talking even since 2005 that in addition to the existing GTS, having the capacity of transporting almost 140 billion cubic meters a year, it will be economically reasonable to build several new branches that would cost either the Russian taxpayer or any other our partner ten times cheaper,” Poroshenko said, according to UKRINFORM.

He also added that 'we are ready not just to speak about the format of ownership of a newly-built part of the GTS, but we are also interested in'.

According to Poroshenko, negotiations on the creation of this consortium are planned to be launched even next year.

He believes that a unified price policy, as well as a multilateral format of gas talks should become a key to solving the current problems in gas sector.

The Ukrainian gas transit system annually delivers around 75 billion cubic meters of natural gas for domestic consumers and 110-120 billion cubic meters for consumers in 19 European states.

ForUm

Discuss news in the Forum

One-line news

13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”

10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012

13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

All news

News

13 February 2012

17:52 Parliamentary committee on public health recommends to ban smoking in public places

17:20 Drunken deputy broke window of traffic police car

16:50 Ukraine makes payment on first tranche of IMF loan on time

16:12 Ukrainian scientist suspected of spying for U.S.

15:40 European Commission welcomes progress made by Ukraine in implementing Action Plan on Visa Liberalization

15:00 Russia's ban on Ukrainain cheese is not catastrophic event, Ukraine's Agrarian Ministry says

14:31 Expert: Russia and EU will agree on Ukraine's conditions on gas consortium

14:00 Tymoshenko's defense team appeals court decision limiting time for review of case file

13:30 Ukrainian Green Party opposes construction of radioactive waste storage near Chornobyl

13:00 PM Azarov promises the most transparent elections ever

12:30 Barge with 11 Ukrainians onboard trapped in ice

11:55 Spring will come to Ukraine in mid-March

11:17 Regional Development Ministry signs $3 million contract with World Bank to revive housing sector energy efficiency by 2015

10:38 Foreign doctors arrived in Ukraine to examine Tymoshenko

10:00 President instructs establishment of EuroBasket 2015 organizing committee

All news

Top

Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2012