Sunday, May 25, 2008

President takes part in Kyiv Energy Forum

Victor Yushchenko took part in opening of Kyiv International Energy Forum

those present, President Yushchenko stressed that Ukraine considers its gas and oil
transport systems integral the parts of European energy policy. He reminded
that Ukraine
has suggested to the EU forming common energy policy, including reconstruction
of our gas transport system. In autumn the European Commission is expected to
hold a first discussion on granting 2.5 billion dollars for the reconstruction.
“We proceed from the assurance that such plans, including forming our common
principles and fundamentals for ensuring security of the process, enhances energy security by
country and within the EU as a whole”, - he said.

Among other
important energy projects President named completing Odesa-Brody pipeline
construction, building a high-tech oil refinery in Ukraine
to process Caspian oil, Ukraine’s
own oil and gas deposits exploration.

Of no less
importance for increasing energy security in Europe
according to Victor Yushchenko is establishment of Baltic-Black Sea-Caspian Energy
Transit Community. “Main goal of this ambitious political-economic project is increasing
reliability and transparency of energy resources supplying to Europe”,
- said Victor Yushchenko.