Ensuring energy security is a key factor in building a new energy architecture of Ukraine, President Viktor Yanukovych said in his speech at “New Energy Architecture: Enabling an effective transition” session of the World Economic Forum.

According to him, Ukraine's integration into the European energy space would contribute to strengthening energy security in the region.

Viktor Yanukovych also stressed that our country will remain a reliable partner in the transit of hydrocarbons.

The President said Ukraine is interested in developing a constructive and mutually beneficial cooperation with all partners to form new energy transportation corridors.

He drew particular attention to the considerable untapped potential of Ukraine in the area of alternative energy use.

Viktor Yanukovych expressed confidence that joint efforts will allow efficient transformation of the existing energy architecture in Europe into a new and effective model.

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