West asked to back CIS gas plan
Monday 25 January 1993
Top managers from Kiev-based Vnipitransgaz (VTG), the design company that was largely responsible for the pipeline network in the old Soviet Union, have been visiting London to drum up interest in their scheme to boost gas storage facilities in Ukraine. They met British Gas, BP, Chevron - the construction arm of the Norwegian company Kvaerner - and several financial institutions.
VTG says that if all the worked-out gas reservoirs in Ukraine were filled with gas they would be able to hold enough to keep Western Europe supplied for a month.
This would provide an important cushion to companies that are becoming worried about the continuity of supplies from Russia, which satisfy 20 per cent of Western European demand.
In October the gas supply coming into the West was cut in half for a week, apparently because of a dispute between Russia and Ukraine over payments, and tension between the two countries has been growing since. Gas experts say this caused great anxiety in the industry which looks on Russia, with by far the biggest reserves in the world, as the main source of increased imports.
The Ukrainians say that if Western companies had control of storage facilities the political risk associated with Russian gas would be greatly reduced.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...