President Victor Yushchenko participated in Pipeline Politics section of the World Economic Forum, according to the President`s press-office.

V. Yushchenko assured those present that Ukrainian side fully understands its responsibility for energy security of Europe and meets its obligations resulting from being a transit country for energy resources.

President also informed that one of the strategic directions of Ukrainian energy policy is modernization and development of the existing gas-transport infrastructure.

Along with Victor Yushchenko participants of the discussion were EBRD President Jean Lemierre, Director of the Program on Energy and Sustainable Development at Stanford University`s Freeman Spogli Institute for International Studies David Victor and representatives of business groups.