Ukraine’s Interest in the Arab Gas Pipeline

Via Oil and Gas Eurasia, a report detailing Ukraine’s interest in playing a role in the completion of the Arab Gas Pipeline intended for natural gas deliveries from Egypt to Europe via Syria and Turkey.  As the article notes:

“…We hope to take part in the modernization of Syrian enterprises, including in the construction of the Arab Gas Pipeline. We are ready to provide the necessary construction materials and pipes,” Ukraine’s first deputy prime minister, Oleksandr Turchynov, said Thursday at the meeting with Syrian Prime Minister Mohammed Naji Otri.

The Arab Gas Pipeline is viewed as an alternative to Russia’s natural gas supplies to Europe. Once completed it will be 1,200 km (750 miles) long and, according to experts, capable of transporting 10 billion cubic meters of natural gas annually.

Ukraine first mentioned its wish to join the international consortium on the construction of the pipeline in 2005.

Kiev’s bitter gas price row with Russia’s energy giant Gazprom in 2005 led to shortfalls in gas supplies to Ukraine amid Arctic temperatures in January of 2006, prompting fears that a similar situation could develop again.

Ukraine primarily receives Turkmen gas pumped across Russia. Producers in former Soviet Central Asia have announced plans to bring prices in line with EU levels, and Gazprom has said recently said prices for Ukraine could rise to $400 from next year. In 2008, Ukraine has paid $179.5 per 1,000 cu m for Russian supplies.”

This entry was posted on Friday, October 10th, 2008 at 2:37 am and is filed under Egypt, Syria, Turkey, Ukraine.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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