Ukrainian parliament backs bill to open gas pipelines to EU, U.S. firms

KIEV Thu Aug 14, 2014 6:05am EDT

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KIEV Aug 14 (Reuters) - Ukraine's parliament approved a law on Thursday to allow gas transit facilities to be leased on a joint venture basis with participation from firms in the European Union or United States.

Ukraine will hold 51 percent and foreign partners will be offered 49 percent in the venture, which would manage both transit pipelines and underground gas storage facilities.

(Reporting by Pavel Polityuk; Writing by Alessandra Prentice; Editing by Richard Balmforth)

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