Ukraine Wants to Join Russian-German Gas Pipeline Project
by BBC Monitoring Former Soviet Union
March 14, 2007
Ukraine is willing to supply equipment and materials for the
construction of the Nord Stream gas pipeline that will link Russia
and Germany via the Baltic Sea, the news agency Interfax-Ukraine
reported Tuesday, quoting Ukrainian Fuel and Energy Minister
Boyko was speaking at the Ukrainian energy summit, which was held
in London as part of the Ukrainian investment summit, the agency
The cabinet has postponed indefinitely the signing of a
production sharing agreement (PSA) on the offshore Prykerchenska oil
and gas field with the US company Vanco International Ltd, another
Interfax-Ukraine report said.
The reason is that the Ukrainian Defense Ministry has discovered
World War II minefields there, Boyko said. But he did not disclose
the possible timeframe for resolving the problem, the agency added.
Ukraine's energy strategy for 2030 envisages enhanced cooperation
with the EU, a third Interfax-Ukraine report said, quoting Boyko.
The strategy is aimed to create an up-to-date energy complex in
market conditions and on the basis of close ties with Russia, the
agency said, quoting Boyko.
The Ukrainian cabinet launched a program to invest US$1.4 billion in the country's fuel and energy sector, Interfax-Ukraine
said, quoting Boyko.
Ukraine is planning to develop alternative sources of energy and
to cut its energy consumption by 12 per cent by 2030, including in
metallurgy by 30 percent and in the chemical industry by 20 per
cent, the Ukrainian news agency UNIAN reported Tuesday, quoting
Boyko told the London summit that the Ukrainian government is not
planning to sell assets in the nuclear industry, according to
another UNIAN report.
Ukraine is planning to pump about 18 billion cubic meters of gas into its
underground gas storage facilities in April-October 2007, Interfax-
Ukraine reported, quoting the board chairman of the Ukrainian
national oil and gas company Naftohaz Ukrayiny, Yevhen Bakulin..
Bakulin told the energy summit in London that Naftohaz Ukrayiny's
net nonconsolidated profit for 2006 was 2 billion hryvnyas (US$400 million), yet another UNIAN report said.
(C) 2007 BBC Monitoring Former Soviet Union. via ProQuest Information and Learning Company; All Rights Reserved
Nord Stream Pipeline
Nord Stream AG
Vyborg, Russia to Greifswald, Germany Russian Federation