NJSC «Naftogaz of Ukraine», the experts of European Commission and international financial organizations have discussed the projects of modernization of gas transmission system of Ukraine

The meeting with technical experts of European Commission and international financial organizations has taken place at the central office of NJSC «Naftogaz of Ukraine» today. The purpose of the meeting was to determine the priority projects of Master plan for modernization of gas transit system of Ukraine and to discuss the mechanism of their financing.

Management of NJSC«Naftogaz of Ukraine», technical managers of SC «Ukrtransgaz» and other representatives of the Company, representatives of the Secretariat of the President of Ukraine, Cabinet of Ministers of Ukraine, Ministry of Foreign Affairs, Ministry of Fuel and Energy took park in the meeting on the Ukrainian part; on the part of European Commission – the Head of the Group on issues of energy and nuclear safety to General Directorate «Transport and power engineering» Fauzi Bensarsa; on the part of international financial organizations – the Head of the department on the issues of Eastern Europe to European Investment Bank (EІB) Konstantin Sinadino, leading banker of European Bank for Reconstruction and Development (EBRD) Matteo Colangeli, the analyst on the issues of infrastructure and energy to the World Bank (WB) Dmytro Glazkov.

During the meeting the parties have discussed certain projects of Master plan for modernization of gas transit system of Ukraine, which was presented within the framework of Joint international conference between the European Community and Ukraine concerning modernization of gas transit system of Ukraine on March 23, 2009.

According to the results of the discussion it has been agreed that NJSC «Naftogaz of Ukraine» will provide the EIB, EBRD, WB with detailed feasibility study of each of the projects for modernization of gas transit system of Ukraine in the nearest future. The parties also have agreed that upon examination of feasibility study of the projects they will hold the next meeting of experts in September-October 2009.

The parties have also discussed eventual involvement of the representatives of OJSC Gazprom in the negotiation process, having noted its important role as the exclusive supplier of natural gas to Europe through the gas transit system of Ukraine.

The representatives of NJSC «Naftogaz of Ukraine» and European Commission expressed confidence that realization of the projects for modernization of gas transit system of Ukraine will allow providing in future proper level of energy safety of the whole European continent.

Reference: The meeting with technical experts of European Commission and international financial organizations has been held in pursuance of the commission of the Ministry of Fuel and Energy of Ukraine of 11.06.09 №12/5167 to the letter of the Ministry of Foreign Affairs of 10.06.09 № 311/14-183-999 and on the initiative of European party, as well as in pursuance of the section «Next steps» of Joint declaration signed according to the results of Joint international conference between the European Community and Ukraine concerning modernization of gas transit system of Ukraine (March 23, 2009).

Press centre of NJSC «Naftogaz of Ukraine»

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