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White Stream Gas Pipeline Double Profitable for Azerbaijan – Ukraine’s President

Business Materials 30 May 2008 15:45 (UTC +04:00)

Azerbaijan, Baku, 29 May / Trend corr A. Gasimova/ Ukraine's President Viktor Yushchenko said that the planned White Stream project is quite interesting for Azerbaijan because it is a country which transits Asian gas and has its own gas, which it can sell in the most profitable market - European market.

In his exclusive interview to Trend Yushchenko said that the gas pipeline will connect Central Asia with the European countries via South Caucasus and Ukraine.

"Thus, we may join gas producing, transporting and consuming countries into one group," he said.

For the first time the White Stream idea was voiced by Ukrainian officials in 2005. In 2006, the idea to supply Turkmenistan and Iran's gas to Central and Eastern Europe via the Black Sea was mentioned again. Later the project was many a time discussed at international conferences, and in May 2007 it was presented at the Vienna gas forum. One more presentation took place at the energy security summit in Vilnius in October 2007.

"I think double profit makes real the participation of Azerbaijan in implementation of the project," Ukrainian President said.

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