Ukrainian Gas Transporting System is Europe's Most Important - Günther Oettinger

    Ukrainian Gas Transporting System is Europe's Most Important - Günther

  PR Newswire

  KYIV, Ukraine, March 6, 2013

KYIV, Ukraine, March 6, 2013 /PRNewswire/ --

"Your [Ukrainian] Gas Transporting System (GTS) is the most important in
Europe, however, its maintenance and renovation requires considerable
investments," stated European Commissioner for Energy Günther Oettinger in his
interview with Ukraine has to find the necessary funds taking
into consideration its commitments to the European Energy Community (EEC),
such as providing the third parties with an access to the GTS, added
Oettinger. The commitment becomes especially important given the prospects of
commercial shale gas production and reverse-flow technologies in Ukraine.

Ukrainian GTS, which mainly served as a transit system for pumping Russian gas
to the West, is now becoming a flexible infrastructure, highlighted the
European Commissioner. There is an opportunity to operate reverse-flow gas
transmissions through Poland and Hungary. Currently EU is working on
increasing the number of paths that would enable Ukraine to receive gas from
the LNG-terminal in the Mediterranean Sea and the Netherlands. The
Commissioner also negotiated the opening of the reverse gas transit corridor
with the Government of Slovakia.

He reminded that the EU offered Ukraine a tripartite consortium to manage its
GTS (Russian party, Ukraine's Naftogaz, and European businesses). EU
considers such consortium favorable for it would include producer,
transporter, and consumer of gas. European side is currently expecting
Ukrainian energy minister's official invitation to discuss the consortium at
the round table.

Along with the GTS, the 27-nation bloc highly appreciates Ukrainian gas
storage facilities. EU's demand for the country's facilities continues to
increase, pointed out the Commissioner. Such demand largely depends on the
amount of gas pumped by the South Stream, he stated, adding that "Gazprom is
the investor of the South Stream, there is no EU money". There are EU member
states or candidates, who express a desire to participate in the construction
of the South Stream pipeline, however, the EU does not support it financially
or otherwise.

Commenting on Ukraine fulfilling its commitments to the EEC, the European
Commissioner stated that the country has already took a number of necessary
steps, including the introduction of European standards into its legislation.
"…I would say that most of the steps have already been done, but more needs
to be done," summed up the Commissioner.

Contact: For more information, please contact Maryna Khorunzha +380443324784, Project Manager at Worldwide News Ukraine.
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