President takes part in Kyiv Energy Forum

13:35, 22 May 2008
738 0

Ukraine has suggested to the EU forming common energy policy

President Victor Yushchenko took part in opening of Kyiv International Energy Forum today, according to the President`s press-office.

Addressing those present, President Yushchenko stressed that Ukraine considers its gas and oil transport systems integral the parts of European energy policy. He reminded that Ukraine has suggested to the EU forming common energy policy, including reconstruction of our gas transport system. In autumn the European Commission is expected to hold a first discussion on granting 2.5 billion dollars for the reconstruction. “We proceed from the assurance that such plans, including forming our common principles and fundamentals for ensuring security of the process, enhances energy security by country and within the EU as a whole”, - he said.

Among other important energy projects President named completing Odesa-Brody pipeline construction, building a high-tech oil refinery in Ukraine to process Caspian oil, Ukraine’s own oil and gas deposits exploration.

Of no less importance for increasing energy security in Europe according to Victor Yushchenko is establishment of Baltic-Black Sea-Caspian Energy Transit Community. “Main goal of this ambitious political-economic project is increasing reliability and transparency of energy resources supplying to Europe”, - said Victor Yushchenko.

If you see a spelling error on our site, select it and press Ctrl+Enter