Business news from Ukraine

YATSENIUK: UKRAINE MUST HAVE 100% OF ITS OWN GAS PRODUCTION IN TEN YEARS

30 June , 2015  

KYIV. June 30 (Interfax-Ukraine) – Prime Minister of Ukraine Arseniy Yatseniuk has said that Ukraine should switch to exclusively domestic natural gas extraction by 2025.

“We have a common task: in ten years Ukraine must completely, by 100%, to meet its own natural gas needs”, he said in the program “Ten Minutes with Prime Minister” broadcast on Sunday.

Yatseniuk stressed that one must increase the amount of natural gas extraction to fulfill this task, “but at the same time to reach market gas price.”

According to him, Ukraine has several targets: to become energy independent country, to increase production of Ukrainian gas so that to finally get rid of the “gas needle” of the Russian Federation, to reduce energy resources consumption and to make the state’s economy energy efficient and competitive.