Wednesday, September 21, 2011

Yanukovych welcomed the entry into the Energy Community

President of Ukraine Viktor Yanukovych signed a law on ratification of the Protocol on Ukraine's accession to the Treaty establishing the Energy Community. " Reported by the press office of the state. As you know, on December 15 the Verkhovna Rada ratified the protocol on Ukraine's accession to the Treaty establishing the Energy Community. For the bill, initiated by the President of Ukraine, voted 371 MP. According to the Minister of Energy and Coal Industry of Ukraine Yuriy Boyko, our country will receive several benefits from joining the Energy Community. In particular, he stressed that the process of integration into the European Energy Community will provide an opportunity to liberalize the gas market, including the alternate gas supply. In addition, Ukraine's accession to the Energy Community will provide an opportunity to supply electricity to end users in the countries of the counterparty. Also, according to the Minister, Ukraine will get access to cheap financial resources, which can be sent, including the modernization of the Ukrainian gas transport system to be implemented jointly with the European Union, Russia and, possibly, with other parties. As is known, 24 September EU and Ukraine signed a protocol on Ukraine's accession to the Energy Community Treaty. Ministry of Industry

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