Ukraine to further work on Caspian gas transportation

Ukraine is holding an active dialogue with Azerbaijan on implementation of joint projects in energy sector, President of Ukraine Viktor Yanukovich told Ukrainian mass media outlets in Davos on Thursday following a meeting with Azerbaijani President Ilham Aliyev, the presidential press service reported.

"We held another round of negotiations. Two protocols are being prepared for signing. There are technical issues that need to be considered by specialists. Undoubtedly, Ukraine will continue to work on transportation of the Caspian gas as a gas consumer and as a country that can take part in the construction of gas-transport systems involving our resources. It is very interesting for us," President Yanukovych said.

He said now trilateral negotiations are underway between Ukraine, Azerbaijan and Turkey on cooperation in energy sector projects.

"We see the perspective," President Yanukovych said, adding that the negotiation parties practically confirmed their interest in these projects.

Two documents will be signed between the two countries on gas supplies to a LNG terminal and establishment of a Ukrainian-Azerbaijan company to develop the project to build the facility.