Under any conditions the Ukrainian gas transmission system (GTS) will remain in national property in line with the national legislation,Ukraine's Deputy Foreign Minister Konstiantyn Yeliseyev said this after the talks in the European Commission dedicated to preparation of the donor conference on modernization of the Ukrainian GTS.
The diplomat voiced hopes that a text of the final declaration of this international forum due in Brussels on April 23 would reflect such a principled position of the Ukrainian party,UKRINFORM reports from Brussels.
Yeliseyev noted that Ukraine along with European partners had been readying this conference since 2006. At the same time,the January gas crisis has helped the international forum on modernization of the Ukrainian GTS gain a political dimension in addition to a particularly investment and economic content.
“It is of great importance for us that the conference be the first one among other such events. It should prove that,against the background of new projects,in particular,the South Stream or the North Stream,the Ukrainian GTS was,is and remains a strategic,component part of the common European transit system. In our opinion,this is what the importance of this conference lies in,” Yeliseyev underscored.
The IMF’s representative in Ukraine,Max Alier,has said that the country is edging closer to a renewal of the $16US.4-billion loan deal which was first struck in November 2008. The original deal was halted as the IMF withheld payment of the second tranche on 15 February,citing an unrealistic fiscal budget plan for 2009 and persistent tensions among Ukraine’s leading political authorities,especially between Prime
Continue reading IMF Sees Ukraine Coming Close to Renewal of Rescue Package
European Union leaders will gather for a two-day summit in Brussels on Thursday which will focus on the global economic slump,aid to non-eurozone states and energy issues.
The 27 countries are due to hammer out a common position on the issues ahead of a Group of 20 summit on April 2 in London,where major economies are expected to focus on boosting the global economy
Continue reading EU summit to focus on economic slump,stimulus measure
European Commission chief Jose Manuel Barroso urged Ukraine’s feuding leaders on Wednesday to overcome their differences in order to secure vital IMF loans.
“The duty of all responsible politicians is to work together for the common good of (their) country,”Barroso told journalists after meeting with Ukrainian President Viktor Yushchenko in Brussels.
“This is the message I conveyed to President Yushchenko and I hope to convey
Continue reading EU’s Barroso Urges Ukraine Leaders To Cooperate On IMF Loans
The transit of natural gas via Ukraine to Europe plummeted 52.4%,or by 12.6 billion cubic meters (bcm),to 11.1 bcm in January-February 2009 compared to the same period of 2008,a source at the Fuel and Energy Ministry told Interfax on March 17.
At the same time,the transit of gas increased 51.7% in February 2009 compared to January 2009.
The transit of natural gas
Continue reading Gas transit to Europe via Ukraine plunges 52.4% in Jan-Feb
The Japanese government concluded a deal on Wednesday to buy 30 million tons in greenhouse gas emission credits from Ukraine,Japan’s first purchase of emission credits from abroad.
Japan will purchase the credits as early as fiscal 2009,which starts in April,through the government-affiliated New Energy and Industrial Technology Development Organization.
The value of the deal was not disclosed,but is estimated at around 38
Continue reading Japan Buys Emission Credits from Ukraine
European Union leaders are hoping at a summit that starts Thursday to agree on a small energy-focused stimulus package they have been arguing over for months.
What they won’t be discussing,according to EU diplomats involved in the process,is whether to launch a fresh round of national stimulus packages in response to criticism from the U.S. that Europe isn’t doing enough to battle the global
Continue reading EU Summit to Discuss Energy Plan
The triple-headed crisis of an economic downturn,climate change and pressure on European energy security are at the top of Europe’s agenda right now. It will be very important that,at the upcoming European Council summit on 19-20 March,the EU charts a course that can guide us safely through the storm,so that we emerge all the stronger to face the challenges of the future.
Continue reading Energy efficiency and green growth
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
Continue reading EUR 2.5 billion to be invested into Ukraine’s gas transportation system