"Ukraine and the European Union have agreed on a new route for transporting natural gas from Croatia via Hungary to Ukrainian gas storage facilities," EU Energy Commissioner Gunter Oettinger and Ukraine's Energy and Coal Minister Eduard Stavytsky told reporters on Friday after their talks in Brussels.
According to Oettinger, Ukraine and the EU have finalized the text of a memorandum of understanding, in which Croatia, Hungary, and Ukraine undertake to develop, jointly with the European Commission, the gas transport infrastructure at a hi-tech level. Stavytsky said that the new gas transport corridor from the LNG terminal in Croatia to Ukrainian underground gas storage facilities would significantly diversify gas supplies to Ukraine and would enhance the energy security of the entire European continent. "We believe that we can achieve serious results and complete the diversification of gas supplies to Ukraine. Our unique storage capacities allow for storing up to 50 billion cu m of natural gas. That gas can be used by both the Ukrainian and European economies," Stavytsky said. The EU Energy Commissioner said that next year Kyiv would preside in the European Energy Community and that the prime issues on the organization's agenda would be the construction of the Central European gas hub and the development of new routes for transporting natural gas. Stavytsky said that Ukraine already had a lot of proposals to the agenda. "We are going to propose new routes, practicable mechanisms for liberalizing the gas markets in Ukraine and in the central part of Europe, and the construction of the Central European gas hub based on the Ukrainian storage facilities," Stavytsky said.