Acting Minister of Energy and Coal Industry Eduard Stavytskyi believes that implementation of a project for construction of an LNG terminal in Ukraine is not a topical issue. He announced this in an interview with the Kommersant Ukraine publication.
"I believe that the LNG terminal is not needed now and at the price that was mentioned earlier. There are more realistic ways of diversifying gas supplies - its re-export from the European Union and production of shale gas," said Stavytskyi.
As reported, the cost of construction of the LNG terminal will be nearly EUR 1 billion. An offshore terminal with a capacity of 5 billion cubic meters of gas per year was expected to be commissioned during the first phase of the project and an onshore terminal with a capacity of 10 billion cubic meters of gas per year was expected to be built in the second phase.
The project was expected to be implemented near Yuzhny (Odessa region), close to the Ukrtransnafta company’s oil terminal and the Yuzhny seaport.
The authorities have been trying to implement the project since late 2010.