UKRAINE AND EU STRIKE DEAL ON GAS NETWORK IMPROVEMENTS
March 1st, 2009
BY KEITH NUTHALL
EUROPEAN Union (EU) institutions, the World Bank and Ukraine have agreed an investment plan to upgrade this eastern European country's ageing gas supply infrastructure, enabling it to increase supplies to the EU. A joint declaration signed in Brussels will pave the way for detailed planning involving all parties for upgrades, which the European Commission estimates could cost Euro 2.5 billion. The EU is expected to foot a large amount of this bill, with the European Investment Bank and the European Bank for Reconstruction & Development being ...
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