27-11-06 As Vice President of the "Strategy 1" foundation, former Deputy Chairman of the UkrTransNafta, Mykhailo Honchar said, a new gas pipeline from Azerbaijan to Ukraine will run on the Black Sea floor.
The project is being elaborated by the GUEU consortium (Georgia-Ukraine-EU), which consists of consulting and engineering companies.

The pipeline is supposed to run along the Shah Deniz-Baku-Supsa route relying on the infrastructure of the existing Baku-Tbilisi-Erzurum pipeline. In the vicinity of Supsa the branch will turn toward the Black Sea and will run to Feodosiya on the sea floor and then to Ukrainian mainline gas pipelines via Crimea.
The minimal cost of the first stage (700 km on the sea floor) is $ 2 bn.