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You're reading: Azarov: Modernization of gas transport system to cost Ukraine EUR 4.5 billion
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“We understand that the so-called gas conflicts of Ukraine and Russia
in recent years have demonstrated the need for the joint coordination
of actions on energy security. I mean the combination of the interests
of Russia as a supplier, Ukraine as a transit country, and the EU as a
major customer. It’s clear that the Ukrainian gas transport system is in
need of major modernization,” Azarov wrote in an article in the German
newspaper Frankfurter Allgemeine Zeitung, the text of which was
published in the Izvestia v Ukraine newspaper on Monday, Sept. 10.

He said that the Ukrainian government had proposed transferring
control of the gas transport system to an international consortium of
Ukraine, Russia and the EU, which would “ensure its transparent and fair
administration and be engaged in its modernization, which will cost
just EUR 4.5 billion.”

“The capacity of our gas transport system will grow by about 30%.
Moreover, the recent extreme cold has demonstrated that neither Nord
Stream nor South Stream has or can have reliable gas storage facilities,
the reserves of which could be used in periods of low temperatures.
Ukraine has such storage facilities,” he said.

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