URENGOY- POMARY- UZHGOROD GAS PIPELINE

The financing will enable Uktransgaz to make important upgrades and repairs to 120 km of the pipeline, increasing its efficiency and safety. The Ukrainian government estimates that gas loss during transportation will be reduced by a fifth. The financing will also support the modernisation of a gas compression station in the town of Romny, Ukraine.
 
As part of the project, Ukraine’s government has committed to reforms in the gas market that will help move the sector towards best practice with respect to market-based principles and liberalisation. The financing is offered subject to further improvements in transparency and corporate governance within both Naftogaz and Uktransgaz.