EBRD ready to participate in increasing gas production in Ukraine.

By bne IntelliNews October 11, 2011
The European Bank for Reconstruction and Development is ready to take part in projects for building up output of hydrocarbons in Ukraine, EBRD Managing Director for Energy Riccardo Puliti has announced in an interview with Zerkalo Nedeli newspaper. Puliti believes that Ukraine's key problem is its dependence on energy imports from one source. He remarks, the EBRD is ready to take part in privatisation of energy companies in Ukraine on condition of the privatisation process maximum transparency and predictability. At the same time, Puliti said that the EBRD would not finance the exploration of energy resources, as the Bank only works with proven reserves.

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