During the intergovernmental consultations between Ukraine and Slovakia, the delegations agreed on joint steps in the nuclear industry, diversification of oil and natural gas transportation, and synchronisation of market conditions and products to increase liquidity in the gas and electricity markets. This is the basis of the Eastern European Energy Hub.
In particular, Deputy Minister of Energy of Ukraine Mykola Kolisnyk and Deputy Prime Minister/Minister of Economy of Slovakia Denisa Sakova discussed increasing the capacity of interconnectors and developing projects of common interest to maximise market synchronisation, which is a prerequisite for enhancing regional energy security.
Also during the meeting, the parties signed a Memorandum on Deepening Cooperation in the Nuclear Sector.
The document envisages strengthening cooperation in nuclear energy, development of small modular reactors, including exchange of experience in operating nuclear facilities and fuel diversification.
The parties agreed to cooperate on investment activities in the energy sector and operation of the energy systems of both countries, in particular, taking into account Ukraine's experience in using alternative nuclear fuel at nuclear power plants.