Latest News

Ukraine prepares for record gas imports after Russian attacks, Zelenskiy says

Volodymyr Zelenskiy, president of Ukraine, said that Ukraine will import gas from Europe, Azerbaijan and the United States worth about $2 billion this winter after Russian attacks severely damaged its gas infrastructure.

He did not say how much gas Ukraine intended to buy. Kyiv was expecting to import 4.6 billion cubic meters (bcm), of gas, before a series Russian strikes on Ukraine's gas industry earlier this fall.

Svitlana Svitlanahrynchuk, the energy minister, said that due to damage, imports would have to be increased 30%. Analysts estimated that total gas import requirements were no less than 6,3 bcm.

Zelenskiy made the comment in a media briefing on Sunday that was cleared for publication Monday.

UKRAINE SEEKS MORE US Liquefied natural gas, COOPERATION TO ODESA TERMINAL

He said that the cash-strapped Ukrainian government was in discussions with international allies in order to raise money to cover increased imports. Some were willing to give grants, such as an additional tranche of funds from Norway, which will be received in January.

Zelenskiy stated that the government has reached agreements to purchase additional volumes, if needed.

Kyiv receives U.S. Gas through Terminals in Poland. However, new volumes could come via Greece and the Transbalkan Corridor.

Zelenskiy said that Ukraine wants to build its LNG terminal at the Black Sea port Odesa, and to use its underground storage facilities for U.S. Gas to Europe.

He said that "an option" would be to build a LNG terminal in Odesa. However, this would require negotiations with Turkey so as to guarantee the Bosphorus Strait was open.

The Ukraine had considered such a facility, but Turkey refused tankers access to the Black Sea. (Reporting and editing by Kirsty Donovan, Joe Bavier, and Max Hunder)

(source: Reuters)