February 13, 2013
will renew gas supplies to
and countries of
according to the memorandum of understanding, signed between Ukrainian Naftogaz and Turkmen Turkmengaz state companies. The bilateral memorandum was finalized during the official visit of the President of Ukraine Viktor Yanukovych to
February 13, 2013
. "I confirmed
interest in renewal of gas supplies from
and readiness to deepen cooperation in the area," stated President Yanukovych.
The document will regulate broadening of cooperation between the two companies and stipulate further gas exploration in
, commented Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi.
plans to participate in open bids for the right to explore Turkmen gas fields, added the minister.
may be delivered using the pipeline running across northern
and the territory of
, said Minister Stavytskyi. Previously, Turkmen gas was delivered to
through the Russian territory.
started buying Turkmen gas in early 1990s, after the dissolution of the USSR. The most recent five-year-long contract with
expired in 2006.
Under the conditions of the bilateral agreement,
purchased from its Asian partner 36 billion cubic meters of gas per year, paying in goods and cash. At the time
was the largest supplier of gas to
was the main customer of Turkmen gas. In 2011,
briefly imported Turkmen gas, along with Uzbek and Kazakh gas, through third parties.
major gas supplier is
. Ukrainian officials made numerous statements regarding the strain that high price for Russian gas put on Ukrainian economy. As
is looking into cutting domestic gas consumption, boost production and find new gas suppliers, it introduced the State Program on Energy Efficiency 2010-2015. Just in
, the country's energy minister informed about plans to purchase gas from
, in addition to the newly established supply of gas through Polish pipelines.
To further reduce
dependency on gas import the country signed up global energy leaders - Shell, Chevron, and ExxonMobil - to develop domestic energy resources in western and eastern regions of the country, as well as the Black Sea shelf. Additionally,
is implementing a program of substitution of natural gas with locally produced coal, using Chinese technology.
SOURCE Worldwide News Ukraine