Prime Minister of Ukraine Yulia Tymoshenko discussed bilateral cooperation with European Commissioner for External Relations and European Neighbourhood Policy Benita Ferrero-Waldner, according to the government’s press-office.

      Summing up talks Yulia Tymoshenko told about achieving understanding on holding an International Donor Conference in the second half of 2008 aiming at collecting funds necessary for updating the gas transport system of Ukraine.

      “I hope, the Donor Conference will take place in the nearest future and give an opportunity to accumulate funds for modernization and reconstruction of the supplying system of Russian gas to Europe,” Yulia Tymoshenko stated at a joint press conference summing up negotiations in Brussels, adding that the Donor Conference “enables Ukraine to obtain serious technical and financial support”.

      During the bipartite meeting the Head of Government offered the European Union to be a partner in implementation of the “White Stream” project on gas supply to Europe which envisages construction of a new gas transportation network via the territory of Ukraine and uniting Turkmenistan with the EU.

      “Thus, today the EU supports the “Nabucco” project. “But we would like to suggest considering the “White Stream” project which could go via Ukraine and function as diversification of gas supply to Europe. This project can be economically more efficient and we would like to see Ukraine and the EU as partners in its implementation,” Yulia Tymoshenko said.

      The Prime Minister stressed that Ukraine and the European Union are interested in creating powerful diversification systems of energy supply and can have common projects on nuclear fuel supply.

      “We have like-minded persons in the EU concerning energy carriers supply and this can be one of the directions of Ukraine’s integration to the EU. We also have a chance to combine efforts of the nuclear branches of Ukraine and the EU. As regards nuclear fuel supply – it can be a common project of Ukraine and the EU,” Yulia Tymoshenko said.