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You're reading: Yanukovych invites Polish businesses to join LNG terminal construction, farming projects

Ukrainian President Viktor Yanukovych has called on Polish companies to join in the construction of a terminal for the delivery and re-gasification of liquefied natural gas (LNG) in Ukraine.

The president said this while speaking at the 11th Ukraine-Poland
Economic Forum in Kyiv on September 20, which was also attended by
Polish President Bronislaw Komorowski.

Yanukovych said a presentation of Ukraine’s national projects and
investment potential is scheduled for October 1, 2012 in Warsaw.

“I’m inviting all businessmen to visit this presentation. I would
like to draw special attention to the projects in which we would like to
see Poland as a partner. I mean [the construction of] an LNG terminal
in Ukraine, industrial parks that require the creation of ten pilot
industrial platforms in various regions of the country, and “green
markets” that foresee the construction of a chain of wholesale farming
product markets,” he said.

The president of Ukraine stressed that Poland and Ukraine have significant undeveloped opportunities for interaction.

As reported, the LNG terminal in Ukraine will be constructed in two stages.

The project’s first phase, with a capacity of 5 bcm per year, in the
form of one floating storage and regasification unit that should be
permanently moored to the pier until the completion of the LNG terminal,
will be commissioned in 2016. This unit will be leased during the time
that the terminal capacities on the shore are being constructed.

The second phase includes the construction of an onshore LNG terminal
that can handle tankers with a capacity of 178,000 cubic meters, a
total storage capacity of 540,000 cubic meters (three tanks) and an
output capacity of 10 bcm of LNG. The second phase will be wound up in

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.

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