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Azerbaijan and Ukraine to examine the project of supplying Azerbaijani liquefied gas to Ukraine

September 19/2011

(Trend) -- Azerbaijan and Ukraine will establish a joint venture to examine the project of supplying Azerbaijani liquefied gas to Ukraine, Minister of Industry and Energy Natiq Aliyev told media. The Ukrainian side proposes to consider supplying 2-5 billion cubic meters of gas. These volumes will be taken as the basis while preparing a feasibility study.

The adequacy of Azerbaijani reserves to ensure the country's commitments on gas supplies to Europe and Turkey should be also examined, Aliyev said. Minister said that the Ukrainian side said that it plans to start constructing a gas decompression terminal next year. It will initially dilute gas supplied from Qatar through the Bosporus. But, nevertheless, Ukraine seriously considers Azerbaijani liquefied gas supplies from the Georgian coast.

Supplies of liquefied Azerbaijani gas to Ukraine are possible within the project Azerbaijan-Georgia-Romanian Interconnector (AGRI), which envisages supplies of liquefied natural gas from Azerbaijan through Georgia and the Black Sea to Romania. Ukraine may become another country - a potential customer, which can increase the effectiveness of the project, Aliyev said.

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