RIA Novosti
July 2, 2011

Ukrainian parliament will back a government bill to allow privatization of the Europe-bound transit gas pipelines as a step toward a joint venture with Europe and Russia, the ruling party said on Saturday.

Ukraine, which transports about 80% of Russian natural gas to Europe, has suggested modernizing its Soviet-era transit pipelines together with Russia and the EU as an alternative to the Nord Stream and South Stream pipeline projects bypassing Ukraine.

“I think we will back the government’s decision because the most important thing for us is the efficiency of the gas pipeline network,” said Mikhailo Chechetov, deputy head of the Party of Regions faction.

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