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Ukraine seeks $ 100 million

January 5 2006

Ukraine plans to raise about $ 100 million investment in the upgrading of underground gas storage facilities.

"We will create opportunities for 100 percent use of our groundwater storage. To do this we need to make investments of approximately $ 100 million," - said Prime Minister Yuriy Yekhanurov. Ukraine plans to increase the volume of cushion gas in underground storage.

"We need, at least, get off at plus 16, maybe up to 18 billion cubic meters of gas a plus for several years" - said Yekhanurov, said

As you know, on the eve of Russia and Ukraine agreed on deliveries of Russian gas priced at $ 230 per thousand cubic meters. Ukraine has high hopes for Turkmen gas, which in the first half would come at a price of 50 dollars per thousand cubic meters, but the second half of the price increase to $ 60.

The gas conflict has forced the European Union to reconsider its energy policy. Currently, Europeans want to get rid of the dependence of Russian gas.

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