Press Release: High level Investment Conference on modernisation of Ukraine’s gas transit system

On 23 March 2009 in Brussels, the EU and Ukraine will meet with International Financial Institutions (IFIs), EU Member States and other countries, and representatives from the gas industry to discuss the necessary steps for the modernisation of the Ukrainian gas transit system. Participants of the Joint EU-Ukraine International Investment Conference on the Rehabilitation of Ukraine's Gas Transit System: 'EU-Ukraine: Partners for securing gas to Europe' will discuss the reforms needed to ensure the sustainability, reliability, efficiency and transparency of this infrastructure for the next decades. The Commission will be represented by President José Manuel Barroso and Commissioners for External Relations and Neighborhood Policy, Benita Ferrero-Waldner, and for Energy, Andris Piebalgs. On the Ukrainian side, President Viktor Yushenko and Prime Minister Yulia Timoshenko as well as a governmental delegation will participate. At the conference a Joint Declaration will be signed by the EU, Ukraine and the IFIs setting out the framework in which investments should take place.

ESO: Background information: Moscow irked at Kiev’s EU overture http://www.europeansources.info/record/moscow-irked-at-kievs-eu-overture/

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