Arab Today, arab today ukraine\s naftogaz estimates gas pipe network
Last Updated : GMT 14:58:26
Arab Today, arab today
Arab Today, arab today

Ukraine\'s Naftogaz estimates gas pipe network

Arab Today, arab today

Arab Today, arab today Ukraine\'s Naftogaz estimates gas pipe network

KievI - Novosti

Ukraine\'s Soviet-era gas pipeline network needs $3.5 billion for its modernization expected to start this year, a senior executive of the national oil and gas company Naftogaz said on Sunday. \"As we outlined in the master plan, modernization will cost about $3.5 billion, which is much less than the cost of all alternative routes that are offered today in the world,\" Naftogaz Deputy CEO Vadim Chuprun said in an interview with Ukraine\'s TV Channel Five. Chuprun declined to specify the sources of funds for modernization, saying Ukraine would start modernizing its gas pipeline network on its own this year but pinned hopes on support from the European Union and Russia. Ukraine\'s Fuel and Energy Ministry has said the ex-Soviet republic intends to raise $6.5 billion in investments to modernize the gas pipeline system by 2018. Ukraine accounts for 80% of Russian gas transit to EU nations. Kiev has long been trying to persuade Moscow to abandon the idea of building the Nord Stream and South Stream gas pipelines, which will significantly reduce gas transit volumes through Ukrainian territory. Ukraine\'s gas network, which includes more than 37,500 kilometers of pipe plus 71 compressed air plants and 13 underground gas storage facilities, pumps 141 billion cubic meters of gas to Europe a year. Kiev has offered Russia and the EU on many occasions to jointly modernize its gas network saying the effort will be much cheaper than the construction of the South Stream pipeline bypassing Ukraine. Russia has said it keeps it interest in the Ukrainian gas pipe network but will not abandon the construction of new gas pipelines. Russian gas exports to Europe via a pipeline in Ukraine have been disrupted several times in recent years over pricing rows with Kiev. The most recent dispute in early 2009 left Europe without Russian gas for nearly two weeks. The Nord Stream project intended to deliver Russian gas under the Baltic Sea to Europe, bypassing Ukraine and Belarus as transit states, envisages the construction of two parallel pipelines, each with a capacity of 27.5 billion cubic meters a year. The 1,224-km pipeline is designed to stretch from Russia\'s Vyborg near the Finnish border to Greifswald on the German coast. The pipeline\'s first leg is expected to be launched in the fourth quarter of 2011. The $21.5 billion South Stream pipeline, which will transport up to 63 billion cubic meters of gas to Europe, is expected to be launched in 2015 to diversify Russia\'s gas supply routes. The underwater portion of the pipeline will go through Turkey\'s territorial waters.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukraine\s naftogaz estimates gas pipe network Arab Today, arab today ukraine\s naftogaz estimates gas pipe network

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 21:32 2017 Friday ,24 February

Dubai announces crude oil price for May

GMT 13:37 2017 Thursday ,23 February

Oman oil price rises 30 cents

GMT 05:33 2017 Thursday ,23 February

Oil slips but close to multi-week high

GMT 17:44 2017 Wednesday ,22 February

Gasoline 98 octane price surges LL100
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday