You're reading: Yatsenyuk orders to start talks on financing of construction of gas interconnection pipeline from Poland with EBRD, EIB

Ukrainian Prime Minister Arseniy Yatseniuk has instructed the Energy and Coal Industry Ministry and national joint-stock company Naftogaz Ukrainy to commence negotiations on the financing of the construction of a gas interconnection pipeline between Ukraine and Poland with the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB).

 “The task is the following: we’re preparing a project. We should urgently hold talks with the EIB and EBRD on the financing of the project. I set the term that we will commission it in 2016, this is the realistic [term],” he said at a meeting of the anti-crisis energy center on Oct. 31.

Yatseniuk said that a capacity of the new gas pipeline could be around 80 million cubic meters of gas a day, which will allow buying almost all the gas volume required for Ukraine in the EU.