Ukraine should become an energy hub: German Glushchenko meets with team of the U.S. Chamber of Commerce

During his working visit to Washington, D.C., Minister of Energy of Ukraine German Galushchenko discussed with the leadership and members of the U.S. Chamber of Commerce the involvement of American business in the restoration and modernisation of the Ukrainian energy sector and the transformation of Ukraine into an energy hub in Europe.

The meeting was attended by Marjorie Chorlins, Senior Vice President for Europe at the U.S. Chamber of Commerce, and CEOs of Baker Hughes, Trimble Inc., Logistics Plus, Varyag LLC, Bechtel, GE, GE Vernova, ExxonMobil and others.

The parties paid particular attention to cooperation in gas production and storage. German Galushchenko emphasised that the participation of American traders in the use of Ukrainian underground gas storage facilities would contribute to the energy security of the entire European continent.

"We are interested in increasing the presence of American companies in Ukraine. Our response to russia's war should be to strengthen the resilience of the energy sector and accelerate the green transition. The Ukrainian energy sector has a huge potential for cooperation in this area," emphasised German Galushchenko.

The Minister of Energy outlined a vision for the future development of the Ukrainian energy sector, with the key goal of transforming Ukraine into a European green energy hub. In this context, the Minister invited American businesses to invest in the infrastructure of the future EU member, including the expansion of cross-border crossings and interconnectors.

The parties also focused on the prospects for cooperation in developing hydrogen technologies in Ukraine and creating conditions for localising the production of equipment for energy needs.

"Ukraine is facing serious challenges, but at the same time, these challenges also offer great opportunities," said Marjorie Chorlins.