TODAY.AZ / Business

Ukraine set to buy Azerbaijani natural gas

14 June 2010 [12:17] - TODAY.AZ
Ukraine plans to purchase nearly 5 billion cubic meters of Azerbaijani gas.
Ukraine’s Fuel and Energy Minister Yuri Boyko says Ukrainian officials have held talks with Azerbaijani counterparts, who build a liquefied natural gas terminal in Kula in Georgia together with Romania and Bulgaria, according to RBK.

"We plan to buy 5 billion cubic meters of gas in the first stage, and about 5 to 10 billion cubic meters in the second stage," he said.

The minister said that the construction of own transhipment terminal for liquefied natural gas will cost Ukraine a billion dollars. However, building a terminal in Odessa, Kiev will be able to find alternatives to Russian gas.

"Construction of the terminal will pay off very quickly,” the minister added.


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