Ukraine proposes new Russia-Europe gas pipeline

Ukraine proposed to build a new pipeline across its territory in addition to the existing link.

Ukraine proposes new Russia-Europe gas pipeline

 

Ukraine, which runs the main transit route for Russian gas headed to Europe, proposed on Friday to build a new pipeline across its territory in addition to the existing link.

The proposal follows the more developed projects South Stream and Nord Stream, links planned by Russia's Gazprom and that would bypass Ukraine.

"(Our) concept suggests creating a joint venture with EU countries, Russia and Ukraine to build a pipeline across Ukraine that would provide additional volumes of gas transit to Europe," Ukrainian President Viktor Yanukovich said after a meeting with visiting U.S. Secretary of State Hillary Clinton.

"Our calculations show that this idea can be competitive and attractive," Yanukovich said, adding that Ukraine was awaiting feedback from Russia and the EU.

Yanukovich provided no technical details of the proposed pipeline. Last year, Ukraine shipped 96 billion cubic metres of Russian gas.

Russia supplies Europe with a quarter of its gas needs but Kiev and Moscow have a long history of gas pricing disputes that have disrupted European supplies.

However, those disputes took place amid badly strained relations between the Kremlin and Ukraine's pro-Western former President Viktor Yushchenko.

Ties have dramatically improved since Yushchenko was replaced in February by Yanukovich, seen as much more loyal to Moscow.

Reuters

Güncelleme Tarihi: 03 Temmuz 2010, 10:05
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