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Nord and South Stream projects not to affect Ukraine

      RBC, 25.05.2011, Kiev 16:13:33.The Ukrainian route for Russian natural gas's transit to Europe will prevail after the Nord Stream and South Stream gas pipelines are completed, President of the Russian Gas Society Valery Yazev announced at the second economic forum of Ukrainian regions and the Urals Federal District of Russia.

      "Ukraine is a major importer of Russian gas, and also a key transit country. Our cooperation is extremely important not only for our bilateral relations," Yazev noted. He is scheduled to meet with Ukraine's Energy and Coal Industry Minister Yury Boyko today.

      The Russian official also pointed out that Gazprom did not come up with the correlation between the gas price and the oil price in the formula for calculating the price of gas for Ukraine. Yazev believes that special discounts could be offered to countries, with which Russia "has extensive economic cooperation."

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