Ukrainian Prime Minister Yulia Timoshenko presented in Brussels a proposal for a new White Stream gas pipeline as an alternative for European pipeline project Nabucco, which has been developed to confront Russia's Europe gas supplying monopoly.
Gas-rich Central Asian republic of Turkmenistan, which gas is planned to transfer via White Stream, said it never heard about the project before presentation.
White Stream would move 31 billion cubic meters of Central Asian gas across the Caspian and Black Seas and Ukraine to Europe, saving $2 billion, while Nabucco pipeline will begin at the Caspian Sea and cross Azerbaijan, Georgia, the Black Sea, Turkey, Bulgaria, Romania, Hungary and Austria.
The Ukrainian proposal is to begin a pipeline with the same capacity at the Caspian Sea and route it through Georgia and the Crimea to Europe.
However, Yury Boiko, deputy chairman of the Ukrainian Supreme Committee on the Heating and Fuel Complex, noted that stability and independence are worth more to Europe, than the money Timoshenko’s proposal would save.
He also noted that Ukraine’s gas transit record is not ideal in Europe.
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Ukraine Seeks to Save Europe's Money: Yulia's Own Pipeline Proposal
The deputy chairman of the Ukrainian Supreme Committee on the Heating and Fuel Complex, noted that stability and independence are worth more to Europe, than the money Timoshenko' proposal would save