EUR 2.5 billion to be invested into Ukraine's gas transportation system

The amount of international investments into the modernization of Ukraine's gas transportation system may reach EUR 2.5 billion, deputy Foreign Minister Kostiantyn Yeliseev told the press in Brussels following his talks with representatives of the European Commission on organization of an international donor conference on modernization of the Ukrainian gas transportation system, due in Brussels on March 23.

Having conducted its own technological evaluation of the Ukrainian gas network, the EC concluded the Ukrainian gas transportation system needs investments in the amount of EUR 2.5 billion, according to the Ukrainian diplomat.

With the maximal loading of the gas transportation system in its current condition, Ukraine stands a chance to guarantee transit to the European market of natural gas in the volume of 145 billion cubic meters a year.

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