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You're reading: Riddle persists of Ukraine gas deal that-never-was
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But the ballyhoo had no sooner died down after the signing of the gas terminal deal than the alleged Spanish partner disowned it and the mysterious outsider involved vanished, leaving Ukrainian officials humiliated and embarrassed.

The deal at the centre of the high-profile signing ceremony on Nov. 26 had seemed to tie in Spain’s Gas Natural Fenosa as the main investor in building a liquefied gas (LNG) terminal on the Black Sea Coast – a strategic project for which the former Soviet republic has long been looking for foreign support.

But, to the surprise of Ukrainian officials including Prime Minister Mykola Azarov and Yuri Boiko, the country’s powerful fuel minister, who both attended the ceremony, the Spanish energy company swiftly denied joining any consortium.

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