Energy and Coal Industry Minister of Ukraine Eduard Stavytsky and CEO of Qatar Intermediate Industries Holding Co. Ltd. Ahmad Mohamed Al-Sayed have discussed the possibility of the joint implementation of a project for the construction of a liquefied natural gas (LNG) terminal in Ukraine, the ministry's press service reported on Friday.
The press service gave no other details of the meeting, which was held on Feb. 7.
According to the Energy and Coal Industry Ministry, Qatar Intermediate Industries Holding is a strategic investment unit directly subordinated to Qatar Investment Authority.
Earlier, Prime Minister Mykola Azarov said that Turkey was reluctant to consider the possibility of letting tankers with liquefied gas through its straits.
The building of the LNG terminal in Ukraine is split into two phases. In the first (to be launched in 2016), there will be a floating terminal with handling capacity of 5 billion cubic meters (bcm) of gas per year. In the second (2018), there will be build an onshore terminal with capacity of 10 bcm per year.
The first phase will see dredging (with funding of Hr 121 million raised by GP LNG-Terminal), the building of a connection with a high-pressure gas pipeline (with less than Hr 113 million in DK Ukrtransgaz funds), and the installation of a leased floating terminal.
The second phase will involve the building of an onshore terminal costing Hr 735 million.
Under the project, the LNG-terminal will be built near the town of Yuzhny, close to the oil terminal of public joint-stock company Ukrtransnafta and the Yuzhny commercial seaport in the Odesa region.
