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Project Insights

Ukraine calls for European investment

Kiev is asking for funds in an attempt to move Europe’s purchase point for Russian gas from Ukraine’s western frontier to its eastern border Kiev is asking for funds in an attempt to move Europe’s purchase point for Russian gas from Ukraine’s western frontier to its eastern border.
By Elena Opimakh and Tom Washington 3 September 2014 Europe & Russia / Pipelines, Storage & Power 0 13317
Naftogaz Chief Executive Andriy Kobolev: ‘European companies will be able to use Ukrainian storage’. (PA)

Ukrainian Prime Minister Arseniy Yatsenyuk has called on EU member states to invest in the Ukrainian gas transport system (GTS) as Kiev’s cash crisis deepens. 

Ukraine would like European purchasers of Russian gas to buy it at the Russian-Ukrainian frontier, rather than at Ukraine’s western border. This could pave the way for direct European investment in Ukraine’s GTS. 

“On behalf of the government, I am addressing our European friends so that the EU member states start investing in the Ukrainian GTS,” Yatsenyuk said at the launch ceremony...