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JOINT EU-UKRAINE INTERNATIONAL INVESTMENT CONFERENCE
ON THE MODERNISATION OF
UKRAINE'S GAS TRANSIT SYSTEM
(23 March 2009, Brussels)
Joint Declaration
AGENDA
European Commission website
Presentations and photos
The objective of the investment conference is to help Ukraine maintain its capacity to serve as the main transit country for EU consumers and foster the implementation of structural reforms for both domestic gas supplies and international transit.
This conference co-hosted by the European Commission and the Government of Ukraine brought together representatives of the EU, Ukraine and third countries, as well international financial institutions and the private sector.
The modernization of the Gas Transit System (GTS) of Ukraine is a priority in the medium run for the security of EU gas supplies coming from Russia, as well as for the sustainability of Ukraine’s economic development. At the same time, any multi annual modernization programme must be accompanied by a deep reform of the gas sector as well as by assurances from both suppliers and consumers that transit through Ukraine will be maintained over at least the forthcoming decade.
In 2006-2007 a joint EC-Ukraine audit of Ukraine’s natural gas transit infrastructure was conducted in the framework of a Tacis project. The conclusions of this audit, estimating a need of EUR 2.5 billion to modernize the audited infrastructure over the period from 2008-2013, were endorsed by the second Joint Progress Report on the implementation of the Memorandum of Understanding on Energy cooperation between the EU and Ukraine, signed on 14 September 2007.
The proposal for joint investment conference was first raised in the same report and was specifically welcomed at the EU-Ukraine Summit of 9th September 2008.
The Gas Transit System (GTS) of Ukraine ranks second in Europe. It is 38 thousand km long including 22 thousand km of high pressure lines, 73 compressor stations, 1600 gas transmitting stations. Ukraine has 13 underground gas storages, mostly located in the western part of the country, with a total volume of circa 34 bcm allocated along the high pressure pipelines.
The capacity of the Ukrainian GTS at the inlet is 290 bcm and 178 bcm at the outlet, 140 bcm of which are allocated to the European countries.
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