You're reading: Yatsenyuk calls on EU to invest in Ukrainian gas transport system

Ukrainian Prime Minister Arseniy Yatsenyuk has called on the member states of the European Union to invest in the Ukrainian gas transport system, the press service of the Ukrainian government reported on Sept. 2.

“On behalf of the government, I am appealing to our European friends
for the member states of the European Union to start investing in the
Ukrainian gas transport system,” he said at a ceremony to put into
operation the pipeline Vojany-Uzhgorod pipeline in Velke Kapusany
(Slovakia) on Sept. 2.

Yatsenyuk noted that the Verkhovna Rada of Ukraine had adopted a law
that would allow only European and U.S. companies to get a stake in the
company for the management and operation of the Ukrainian gas transport
system and Ukrainian underground storage facilities.

“We need unity, common approaches in policy and economy, and common
approaches in energy. And our joint work will provide one hundred
percent guarantees for gas supply and transit if we will jointly operate
and modernize the Ukrainian gas transport system,” Yatsenyuk said.

He said that Europe needs new energy rules, “fair, transparent,
clear, which will not allow creating a monopoly in the energy market.”

“Monopoly is a road to nowhere, both in the economy and in the energy
sector. Therefore, competition, market transparency and the effective
protection of our joint energy security with the European Union is the
only right way,” Yatsenyuk said.