Ukraine Gas Pipeline Gets European Funding

GALWAY, IRELAND--December 5, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Funding to upgrade the key Ukraine pipeline carrying Russian gas into Europe has been approved by the European Investment Bank (EIB).

President of the EIB, Werner Hoyer, and Ukraine's Prime Minister, Arseniy Yatsenyuk, have signed an agreement for the bank to loan Ukraine €150 million ($185 million) for the overhaul and reconstruction of the Urengoy-Pomary-Uzhgorod pipeline, also known as the Trans-Siberian, or, West-Siberian Pipeline