The European Union will continue supporting Ukraine in the issue of modernization of its gas transit system. This is stated in a joint statement at the end of the 16th EU-Ukraine summit, agreed in Brussels today, the Foreign Ministry press service informs.

"The EU will continue its support for the modernization of the Ukrainian GTS as a key part of the European grid network and support Ukraine in intensifying its dialogue with the International Financial Institutions in order to disburse the first loan for the emergency gas transit project “Reconstruction of Line Facilities of the Urengoy-Pomary-Uzhgorod Natural Gas pipeline, first stage," the statement reads.

The parties stressed the possibility of organizing joint high level roundtables to promote the development of a regional gas market involving the EU relevant countries, financial institutions and companies.

The leaders of Ukraine and the EU noted with satisfaction that since November 2012, Ukraine has been connected to the EU gas market through effective bi-directional gas flows.

In addition, the leaders welcomed Ukraine’s progress in implementing their obligations under the Energy Community Treaty and recognized that further efforts are required to implement all the obligations.

The Parties also welcomed Ukraine’s full participation in the nuclear “stress tests” on the basis of the EU specifications and looked forward to early finalization of the EBRD and Euratom loans for upgrading Nuclear Power Plants in Ukraine.



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