Premier orders energy ministry to start talks on financing of construction of gas interconnection pipeline from Poland with EBRD, EIB

14:54, 31.10.2014 1 min read

Ukrainian Prime Minister Arseniy Yatseniuk has instructed the Energy and Coal Industry Ministry and national joint-stock company Naftogaz Ukrainy to commence negotiations on the financing of the construction of a gas interconnection pipeline between Ukraine and Poland with the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB).

"The task is the following: we're preparing a project. We should urgently hold talks with the EIB and EBRD on the financing of the project. I set the term that we will commission it in 2016, this is the realistic [term]," he said at a meeting of the anti-crisis energy center on Friday.

Yatseniuk said that a capacity of the new gas pipeline could be around 80 million cubic meters of gas a day, which will allow buying almost all the gas volume required for Ukraine in the EU.