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You're reading: Government revives Odessa Oblast LNG terminal project
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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.”

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