Oil and Gas: Lithuania, Ukraine and Belarus to establish alternative oil supply system

Lithuania, Ukraine and Belarus have agreed to establish an oil supply system that serves as an alternative to Russian supplies.

Ukrainian President Viktor Yushchenko said, "I hope we will soon witness a special energy strategy of the European Union and Central Asia being developed. Certainly, as we repeatedly stress, in this context Ukraine and other transit countries should not be forgotten."

Local media reported that crude bought at the Rotterdam oil exchange will be pumped through the Klaipeda terminal to Kiev, Ukraine, or Minsk, Belarus. The move would provide an alternative supply should Russia cut off supply.

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