Ukraine Looking For USD 3 Bln In Investments To Upgrade Pipelines.
14 February 2008
Naftogaz chairman Oleksiy Ivchenko said that Ukraine will seek to secure USD 3 bln financing to upgrade its natural gas supply network. The money will be primarily spent to reduce gas consumption from 7.8 to 3.9 bln cm/year. Concorde Capital: Cutting technological gas consumption in half is going to be a complex project that will take time, we do not expect to see any significant changes anytime soon.
