Bloomberg News

Ukraine Invites Qatar to Take Part in LNG Terminal, Premier Says

May 10, 2012

Ukraine is inviting Qatar to help build a liquefied-natural-gas terminal under a strategic partnership program to be signed when President Viktor Yanukovych visits the Persian Gulf nation in autumn this year.

Ukraine is also seeking LNG supplies from Qatar and cooperation on domestic oil and gas production, Prime Minister Mykola Azarov said at a government meeting today in Kiev, the capital. Azarov held talks with Qatari Prime Minister Hamad Bin Jasim Bin Jabr Al Thani yesterday, while visiting the country.

The former Soviet republic plans to build an 846 million- euro ($1.1 billion) LNG terminal at the port of Yuzhnyi, in the Odessa region. About 70 percent of the costs will be borrowed, Vladyslav Kaskiv, the head of state national projects, which is managing the LNG project, said in March.

The terminal, which is to have capacity of 10 billion cubic meters by 2018, is intended to help Ukraine diversify sources of fuel away from Russia. The eastern European nation depends on imports from Moscow-based OAO Gazprom for about 70 percent of its gas.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus