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You're reading: Naftogaz Ukrainy signs agreement to get Chinese credits for gas-to-coal projects
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The program envisions four investment programs with various starting
and ending points, which will allow Ukraine to substantially lower its
import-dependence and increase the state’s energy security, and to
significantly grow gross volumes of internal production and consumption
with the introduction of modern technology and the building of
corresponding infrastructure, the press service said.

The use at thermal-energy facilities of coal-water slurry fuel
technology and the construction of plants for the gasification of coal
will make it possible for Ukraine to replace around 4 billion cubic
meters (bcm) of natural gas with its own coal, to provide a stable
market for the sale of around 10 million tonnes of coal per year, create
new jobs, and make possible savings of up to $1.5 billion.

The cost of servicing the credit line will be $2.396 billion, not counting VAT.

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