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2015-05-18 18:16:00

UKRAINE'S EFFICIENT GAS MARKET

UKRAINE'S EFFICIENT GAS MARKET

At the Flame conference in Amsterdam, the Netherlands, Yuriy Vitrenko, Managing Director, Head of International Business at Naftogaz of Ukraine, said that Naftogaz's role is the creation of an efficient gas market in Ukraine. Other speakers conceded some progress, but pointed out more pressing problems.

For one, Mr. Vitrenko said that Ukraine is finally concentrating on real diversification, "something we've been talking about for 23 years."

He reported, "One year ago, we had roughly 5 bcm of interruptible capacities to get gas from the West to Ukraine. It's very unreliable because they were dependent on a number…

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Tags: EUROPE, RUSSIA, UKRAINE, GAS, GAZPROM, NAFTOGAZ

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