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Europe is ready to finance the modernization of the Ukrainian gas transportation system, European Commissioner for Energy Gunther Oettinger said.
"We have discussed conditions for granting loans with our partners from the European Investment Bank, the EBRD and the IMF. We want to finance the modernization of the Ukrainian gas transport system," the Ukrainian Cabinet’s press service quotes Oettinger.
At the meeting with Prime Minister of Ukraine Mykola Azarov, European politician also said that Ukraine’s increase in its own production of hydrocarbons, particularly from shale deposits, is a great opportunity to attract long-term investment.