Pipeliners

25.03.2005 17:22 MSK MosNews - On Friday, March 25, Ukraine's Anti-Monopoly Committee gave a green light to the plan to build a new transit gas pipeline that would boost exports of Russian natural gas to Europe. Russia's gas monopoly Gazprom and Ukraine's state-owned oil and gas company Naftogaz Ukraine agreed on plans to build a new pipeline in 2004. The new 200km (120 mile) pipeline will be built from Bohoradchany in Western Ukraine to Uzhgorod in the Carpathian mountains, located on the border with the European Union. The construction cost is estimated to equal $50 million. The pipeline is a part of a bigger plan to set up an international consortium that will manage a huge and somewhat outdated network of Ukraine's gas pipelines.