Kyiv Post: Government revives Odessa Oblast LNG terminal project

Ukraine's government is reviving a project to construct a liquefied natural gas terminal on the Black Sea shore in Odessa Oblast that experts say could satisfy at least 10 percent of Ukraine’s gas needs in the short term and 20 percent in the long term.

Sergiy Yevtushenko, the newly appointed head of the State Agency for Investment and Development, which is responsible for the LNG-terminal project, says the price for LNG in Ukraine is $370-380 per thousand cubic meters. Regasification, he says, should add $40 to that figure, making the total cost $65-75 below what Ukraine currently pays, not including tanker rental. Ukraine gets much of its energy from Gazprom, the Russian state-controlled energy giant.

Since former President Viktor Yanukovych's fall from power on February 22, Prime Minister Arseniy Yatsenyuk's post-revolutionary government has made energy independence the cornerstone of its energy policy.
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