KIEV, September 5 (RIA Novosti)
Ukraine’s state-run company Chornomornaftogaz on Wednesday started commercial operation of the Odessa natural gas deposit on the Black Sea shelf.
President Viktor Yanukovych pushed the button launching the gas flow at one of the three boreholes.
The Odessa deposit has estimated reserves of 22 billion cubic meters. The gas produced there will be fed into Crimea’s gas supply system.
Yanukovych said that by launching the Odessa operation Ukraine has taken an important step toward acquiring “energy independence.”
By the end of the year Chornomornaftogaz is planning to raise production to 53 billion cubic meters.
By 2015, production should hit 1 billion cubic meters a year.
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Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.