Ukraine Postpones LNG Terminal Due to Funding Constraints

Ukraine has postponed the construction of a liquefied natural gas terminal due to a lack of funding, Ukrainian newspaper Kommersant Ukraine has reported.

The project, undertaken by national gas company Naftogaz Ukrainy, is planned to be constructed on the Black Sea. However, due to a lack of investor interest, the project has been delayed, the paper reports a source from Naftogaz Ukrainy as saying. The country will now concentrate on a cheaper low-power floating regasification plant, the paper says.

The country is now considering the possibility of renting a floating terminal for regasification of the LNG until funding can be secured to built a terminal of its own.

"Today we see the mechanisms to use the offshore LNG-terminal," chairman of the Ukrainian National Project LNG body, Vitaliy Demianiuk said. "The term of preparation of this project is about 2 years. It will be used until a ground terminal is built."

Ukraine has turned to alternative sources of gas as part of an effort to diversify supply from Russian supplier Gazprom. Spanish Socoin, a gas engineering company, has recently been tasked with completing a feasibility study on the LNG terminal.

Source: Kommersant


 Natural Gas Europe welcomes all viewpoints. Should you wish to provide an alternative perspective on the above article, please contact  

Kindly note that we only lightly edit content for grammar and do not edit externally contributed content.


Gas DialoguesFollow Southern Gas Corridor bannerNatural Gas AsiaNatural Gas Africa beta-site bannerFollow East Med Maplecroft: Ukraine Political Risk AtlasSusan Sakmar 155x80

More From This Category