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Ukraine signs gas link deal with Poland

Staff writer |
Ukraine's state-owned energy company Naftogaz and Polish pipeline operator Gaz System have signed a deal for the construction of a gas interconnector, Ukraine's Prime Minister Arseniy Yatsenyuk said.

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Speaking at a joint news conference with Poland's Prime Minister Ewa Kopacz in Kiev, Yatsenyuk said the interconnector between a newly-built liquefied natural gas (LNG) terminal in Poland and Ukraine would be able to transport up to 10 billion cubic metres (bcm) of gas per year.

According to Yatsenyuk, the agreement ensures that Ukraine will remain an important hub in the European energy market.

The interconnector will give Ukraine access to LNG terminals already built in Lithuania and Poland. It will also provide Ukraine with access to Germany's gas market, which is one of the biggest and most active ones, Yatsenyuk added.

The cost of the project on the Ukrainian territory is estimated at $245M, reported.

A feasibility study for the new, 65-kilometre pipeline should be completed in the first half of the year.

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