MOSCOW, November 11. /TASS/. The European Bank for Reconstruction and Development (EBRD) will allocate up to $200 million to the Ukrainian national energy company Naftogaz to modernize the Soviet-era export gas pipeline, the EBRD said on Tuesday.
The funds will be used to replace four sections of the Urengoy-Pomary-Uzhgorod gas pipeline running from gas fields in Russia’s West Siberia to western Ukraine, and also modernize a gas compressor station, the EBRD said in a statement.
The Urengoy-Pomary-Uzhgorod pipeline is a key part of the Ukrainian gas transportation system ensuring Russian natural gas deliveries to Europe and Ukraine’s gas imports from the EU, the statement said.