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

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 disabling its online comment section due to an increase in trolls, violent comments and other personal attacks. Other news organizations worldwide have taken similar steps for the same reasons. The Kyiv Post regrets having to take this action. The newspaper believes in a robust public debate, but the discussion must be constructive and intelligent. For the time being, the Kyiv Post will allow comments on its moderated Facebook group The newspaper will consider hosting online comments again when circumstances allow. Thank you from the Kyiv Post.


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the 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
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.