14:43 27.10.2017

France's Engie provides up to 20% of gas supplies to Ukraine, ready to help develop oil and gas sector - govt

France's Engie provides up to 20% of gas supplies to Ukraine, ready to help develop oil and gas sector - govt

 France's Engie is providing up to 20% of natural gas supplies to Ukraine from the West, the press of the Cabinet of Ministers of Ukraine has reported.

According to the report, Ukrainian Prime Minister Volodymyr Groysman met Engie CEO Isabelle Kocher on Friday.

"French energy giant Engie pledges readiness to comprehensively contribute to the development of the oil and gas sector in Ukraine, including the creation of a flexible gas market," the press service reported after the meeting.

The Ukrainian market is one of the strategic ones for the company, and now the management of the energy giant is shaping opportunities for further cooperation with Kyiv on projects seeking to increase gas production in the country.

"The French energy major Engie was the first western company to import commercial volumes of natural gas into Ukraine and currently provides up to 20% of such supplies," the press service said.

The prime minister praised the decision of the company to take part in the enhancement of the oil and gas complex in Ukraine.

"We commend the ambitious reform plan offered by the Ukrainian government, first of all in the oil and gas sector. Our target is to increase local gas production, so that Ukraine could be able to become an exporter and supplier of gas. We are ready to provide staunchest support to your country on the path of reform," Kocher said.

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