Volodymyr Demchyshyn and Ambassador of Canada to Ukraine Roman Vashchuk discuss cooperation issues in energy sphere

posted 06 February 2015 12:48

On 5 February, Minister of Energy and Coal Industry of Ukraine Volodymyr Demchyshyn held a meeting with Extraordinary and Plenipotentiary Ambassador of Canada to Ukraine Mr. Roman Vashchuk. During the meeting the parties discussed cooperation issues in the energy sector, in particular in the nuclear power and oil and gas industries.

Volodymyr Demchyshyn thanked the Canadian party for the support of Ukraine, in particular for the promotion of reforms in the energy sector of Ukraine, the work of experts from Canada as a part of the Ukraine-US-Canada working group on the development of a National Emergency Plan for Gas and Electricity.

He noted that last week, in the Ministry there had been working the Ukraine-US-Canada working group led by William Bryan, Senior Advisor to the U.S. Secretary of State for Energy, and it resulted into approval of a preliminary decision to prolong work on the enlargement of the Plan in March of this year.

During the meeting, the Minister outlined the situation in the fuel and energy complex of the country and stressed that Ukraine takes measures directed to de-monopolization of the economy, bringing Ukrainian legislation in compliance with European requirements to ensure transparent tenders, the regulation of tariffs for energy resources and the creation of market relations in the energy sector. Volodymyr Demchyshyn noted that these measures would contribute to attracting investment and achieving energy security of the country.

The Minister of Energy told about principal lines of reforms in Ukraine in energy sector and draw attention to solving environmental and social problems.

The Ambassador of Canada in turn reaffirmed commitment of Canada to prolong cooperation with Ukraine, in particular in applying technologies and investments of Canada in the energy sector of Ukraine.

In the meeting from the Canadian side there were present Trade Commissioner of the Embassy of Canada to Ukraine Clint Martin, Counsellor and Director of the technical assistance programme of the Embassy of Canada to Ukraine Steven Potter, Advisor and Senior program analyst of the Embassy of Canada to Ukraine Zheng Zhang.