13:27 02.04.2014

Ukraine retains plans to build LNG-terminal, says prime minister

2 min read

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.

"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 Wednesday.

The premier said that the realization of the project in Odesa 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.

He also projected that after the denouncement of the agreements regarding the deployment of the Russian Black Sea fleet on the Ukrainian territory, the price of gas for Ukraine will be increased by $100 from $385.

Ukraine and Naftogaz Ukrainy will take all measures, including legal measures, to protect their interests, he said.

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