Ukraine retains plans to build LNG-terminal

April 3, 2014

The building of an LNG-terminal is still one of the realistic options for diversifying gas supplies to Ukraine, Ukrainian Prime Minister Arseniy Yatseniuk has said, Interfax reported on April 2.

"The LNG-terminal project discussed by the previous government is still on the table," he said at the 10th annual investment conference organized by Dragon Capital in Kyiv on April 2. The premier said that the realization of the project in Odessa region would allow Ukraine to receive several billions of cubic meters of gas every year.

Other key tasks in the change of gas supplies to the country is the organization of reverse supplies from the European Union (EU), the continuation of negotiations with Gazprom, work on the increase of energy efficiency, and the reduction of gas consumption. Commenting on reverse gas deliveries from Europe, Yatseniuk said that their volume could reach 20 billion cubic meters. He said that the boosting of this gas supply channel is hindered by Slovakia.

The Ukrainian prime minister said that the settling of the issue is a political one, and the claim that the building of additional gas pipelines is required is untrue. The premier expressed hope that the European Union will help Ukraine to settle the issue and receive access to cheaper gas, the price of which could be $365 per 1,000 cubic meters.

Copyright: Intefax, 2014