11:09 26.12.2012

New energy minister wants to bring LNG-terminal project to logical end

2 min read
New energy minister wants to bring LNG-terminal project to logical end

Energy and Coal Industry Minister of Ukraine Eduard Stavytsky plans to work with Vice Premier Yuriy Boiko (earlier was energy and coal industry minister) as one team and he plans to bring the project on the construction of an LNG-terminal to the logical end.

"We'll work with Yuriy Boiko as one team," he told reporters before the cabinet meeting in Kyiv on Wednesday.

Answering the question what his actions towards the LNG-terminal will be, Stavytsky said that he plans to reload it and establish cooperation with the State Agency for Investment and National Projects.

"We'll bring the project to the logical end," the minister said.

As reported, on November 26, 2012, the State Agency for Investment and National Projects of Ukraine signed a cooperation agreement with Gas Natural Fenosa as part of the construction of the LNG terminal in Odesa region. The document was signed by Jordi Sarda Bonvehi, who earlier introduced himself as a representative of the Spanish company Enegas, which was allegedly interested in investing into the Ukrainian LNG-terminal.

However, Gas Natural Fenosa and Enegas denied they had signed any deals with the Ukrainian government. Each denied that Jordi Sarda Bonvehi represented it. The two companies said they were not considering joining the consortium that would run the project.

The LNG-terminal project manager, Vitaliy Demianiuk, explained that Sarda Bonvehi is a professional commercial agent who acts on behalf of many Spanish companies.

The Batkivschyna United Opposition demanded that Ukrainian President Viktor Yanukovych, Ukrainian Premier Mykola Azarov, and head of the state agency for investment Vladyslav Kaskiv be held to account for cooperating with "an unknown Spanish investor."

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