Ukraine Government revives Odessa Oblast LNG terminal project
Ukraine's government is reviving a project to construct a liquefied natural gas terminal on the Black Sea shore in Odessa Oblast that experts say could satisfy at least 10 percent of Ukraine’s gas needs in the short term and 20 percent in the long term.
Sergiy Yevtushenko, the newly appointed head of the State Agency for Investment and Development, which is responsible for the LNG-terminal project, says the price for LNG in Ukraine is $370-380 per thousand cubic meters. Regasification, he says, should add $40 to that figure, making the total cost $65-75 below what Ukraine currently pays, not including tanker rental. Ukraine gets much of its energy from Gazprom, the Russian state-controlled energy giant.
Since former President Viktor Yanukovych's fall from power on February 22, Prime Minister Arseniy Yatsenyuk's post-revolutionary government has made energy independence the cornerstone of its energy policy.
Yatsenyuk announced on April 2 that completing the LNG-terminal, began construction under Yanukovych, would not only help diversify Ukraine’s gas sources, but also “bring in several billion cubic meters of gas annually.”
http://www.kyivpost.com/content/business/government-revives-yanukovychs-lng-terminal-project-347955.html
What of course is interesting is that Ukraine acknowledges the rpice to be $370-380 per thousand cubic meters and yet depsite that expects to pay Gazrom only $268.50 / per thousand cubic meters.
Ukraine says ready to pay Russia $4 bln by end of May for gas
(Reuters) - Ukraine is ready to pay Russia $4 bln for gas supplies by the end of May, Deputy Energy Minister Ihor Didenko said on Thursday, adding that Kiev used $268.5 per 1,000 cubic metres as the base price to calculate the sum.
"The Ukrainian side has clearly said that if the price of $268.5 is fixed, then Naftogaz is ready to pay before the end of May a sum of around $4 billion," Didenko told a news conference.
http://uk.reuters.com/article/2014/05/15/ukraine-crisis-gas-payment-idUKL6N0O13ET20140515