Preparatory Studies for the Modernisation of Ukraine's Gas Transit and Storage

Under this technical assistance project, a feasibility study on the modernisation of Ukraine's gas transit corridors and underground gas storage facilities has been prepared, as well as an Environmental and Social Impact Assessment (ESIA) report focusing on the environmental and social impacts of the project proposed in the feasibility study. Both studies are a prerequisite for the financing by European Finance Institutions, which could result in concrete investments in the order of EUR 1.2 billion in the gas transit infrastructure of Ukraine, a key strategic interest of the European Neighbourhood Policy. The project thus provides NAK Naftogaz with sound studies, prepared by international experts, supporting the company in its decision-making process for new investments in the sector. In the long run, the project will contribute to increased regional integration in the field of energy, including cross-border linkages with the EU. This will facilitate increased gas supply from the Eastern neighbours to the EU market thus improving the energy security of European countries.