Monday, April 11, 2016

Over the past two years Ukraine has moved from the direct Russian gas deliveries to the European use.


By incorporating the GTS system to reverse, we buy, in fact, the same Russian gas, but at the European prices, which are far below those that "brotherly nation"offers us. It is possible to reduce the dependence on Russian energy, and, thus, to reduce its impact as a whole.

But finally, only substitution of one major gas market to another will help to "get off" with the Russian "gas needle". Thus, the Israeli gas can become the output for Ukraine and for Europe as a whole.

I remind you that in the years 2014-2015 Israel opened two giant fields in the Mediterranean Sea. According to the experts, the stock of "Leviathan" and "Tamara" is enough for both domestic Israeli market and for export for many decades to come. The contracts for the supply of gas to Jordan are already signed, the deliveries to Egypt are planned. The Israeli gas could be delivered to Europe through Egypt, and also Turkey. Besides the already known fields, the geologists suggest to open several more on the territory of ​​the Mediterranean Sea. This will further strengthen Israel's position in the gas market, improve the economy of the country and will allow the European countries, including Ukraine, to overcome the dependence on the Russian energy.

I believe that we should look at the issue of energy security for several years ahead. Ukraine can improve the reliability of power supply due to the Israeli gas. The partnership between our countries significantly strengthened during the last few years. Israel proves to be a reliable friend and partner for Ukraine.

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