Thursday, November 10, 2011

KYIV, November 10, 2011 (UKRINFORM). Ukraine regards with understanding the construction of the Nord Stream gas pipeline, which should ensure the transit of additional volumes of gas produced in northern Russia, Ukrainian Energy and Coal Industry Minister Yuriy Boiko has said.

"We regard with understanding the construction of Nord Stream, realizing that additional volumes of gas that will be produced at the Shtokman field and on the Yamal Peninsula require additional transit flows," he said.

At the same time, Boiko said that the Ukrainian gas transport system would remain the most economically attractive route for Russian gas transit to Europe.

"Our national interests correspond to the position that our gas transport system should be operated at full capacity. And we are demonstrating the reliability of our gas transport system, as well as its potential and economic attractiveness, to all of our European partners and Russian colleagues," Boiko said.

As reported, on November 8, the leaders of Germany, Russia, France and the Netherlands launched the first line of the Nord Stream gas pipeline, which was completed in June 2011. This line is expected to transport 27.5 billion cubic meters of gas per year. The second section of the pipeline, which is almost 70% finished, is to be commissioned next autumn.

Ukraine is the largest supplier of Russian gas to Europe. Gazprom's plan on gas transit through Ukraine this year is 102.7 billion cubic meters, of which over 99 billion cubic meters will be supplied to Europe.