Ukraine says it will 'remove need' for South Stream pipeline

More in the Ukraine saga for power and control.

Ukrainian Prime Minister Arseniy Yatsenyuk. Kyiv, April 2014. [US.Embassy Kyiv Ukraine/Flickr]

20 June 2014

Ukraine's parliament agreed yesterday (19 June) to discuss a bill to allow gas transit facilities to be leased on a joint venture basis with participation from firms in the European Union or United States.

Ukraine would hold 51% and foreign partners would be offered 49% in the venture, which would manage both transit pipelines and underground gas storage facilities.

Suffering a third cut-off of natural gas supplies from Russia in under nine years, and with political relations in crisis, Ukraine is desperate to become less dependent on Russian gas, but at the same time to provide more reliable transit for the Russian gas that Europe needs.

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