Money Pit? EU's Billions Mysteriously Miss Ukraine's Gas Pipeline System

© Sputnik / Stringer / Go to the mediabankBilche-Volytsko-Uherske underground gas storage facility in Ukraine
Bilche-Volytsko-Uherske underground gas storage facility in Ukraine - Sputnik International
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The EU consumers have paid billions of euros for transportation of Russian gas via Ukraine, but country's pipeline system has not been modernized yet, CEO of oil and gas company Wintershall, Mario Mehren, said Tuesday.

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MOSCOW (Sputnik) — Mehren told Russian Vedomosti newspaper he did not know where the money had gone, but definitely not for modernizing the pipeline system, noting low technical characteristics of Ukrainian gas transportation system.

Wintershall's CEO added that more options for gas deliveries should be created, noting that the decision to decline the Russian project on construction of the South Stream pipeline bypassing Ukraine was disadvantageous for the European Union in terms of energy security, especially for such countries as Romania and Bulgaria.

In 2016, gas transit through Ukraine accounted for approximately 43% of Russian gas exports to Europe.

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