KyivPost

Prime Minister says Ukraine to provide itself with its own gas reserves within 15 years

Print version
Sept. 15, 2012, 1:07 p.m. | Ukraine — by Interfax-Ukraine

Ukrainian Prime Minister Mykola Azarov
© AFP

Yalta - Ukrainian Prime Minister Mykola Azarov has said that Ukraine will completely provide itself with its own gas reserves within 15 years.

"Within 15 years Ukraine will completely provide itself with its own gas reserves," he said on Saturday during the 9th Yalta Annual Meeting entitled "Ukraine and the World: Addressing Tomorrow's Challenges Together," which was organized by the Yalta European Strategy (YES) in partnership with the Victor Pinchuk Foundation.

In addition, Azarov said that Ukraine would halve natural gas consumption next year.

"We can provide ourselves with gas and oil within 15 years," he said.

While speaking about the price for Russian gas, the prime minister said: "The price that we currently pay for gas, which is $540 per 1,000 cubic meters of gas, does not exist anywhere. This is a stranglehold for us. We are obliged to empty our foreign exchange reserves and burden our people with such high prices for energy resources. Therefore, the energy challenge is a key one for us."

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.