Ukrainian Journal reported that Mr Mykola Azarov Prime Minister of Ukraine has proposed that Austrian Federal Chancellor Mr Werner Faymann consider the possibility of investing in the modernization of the Ukrainian gas transport system as an alternative to the construction of the South Stream gas pipeline.

He said that "Of course, we would ask the Austrian side I know about your talks with the Russian side [on the South Stream project to consider constructively as an alternative our idea of modernizing the Ukrainian gas transport system."

(Sourced from Ukrainian Journal)