There are plans to concede Ukraine's gas transportation system (GTS) to a gas transportation consortium after its creation, First Vice Premier Andriy Kliuyev said at a press conference in Zaporizhia on Friday.

He said that the consortium should unite Russia with its gas reserves, Ukraine as a transit country, and the European Union as a gas consumer.

"The law on the transfer of the gas transportation system in concession after the creation of a gas transportation consortium has in fact been drafted. The GTS will remain in state ownership, but we will be able to attract funds from the European Union for reconstruction, and ensure the stability of gas supplies to EU countries," Kliuyev said.

He noted that the task for the new government was to enhance Ukraine's attractiveness as a transit country.

"Otherwise, I am sure that after the construction of Nord Stream and South Stream, our GTS will not be required either by the EU or Russia," Kliuyev said.