Built to inform

Sign up for the daily newsletters

No, Thank you

Massive LNG alliance in the pipeline

Qatar and Ukraine strengthen bilateral relations

Qatari companies to build potential LNG terminal on the Black Sea
Qatari companies to build potential LNG terminal on the Black Sea

In a recent visit to Qatar, Ukrainian Prime Minister Mykola Azarov held talks with HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani on ways of enhancing bilateral relations with a particular focus towards the hydrocarbon sector, according to Qatar New Agency.

Some of the ventures discussed include the participation of Qatari companies to construct an €860 million LNG terminal on the Black Sea, with the Ukrainian government retaining a 25% stake.

Azarov’s press secretary told reporters that: "We proposed the Qatari side mull participation in the LNG terminal project, as well as gas supplies to Ukraine and participation in gas exploration and production in Ukraine," according to the Kyiv Post.

The move to attract stronger relations will undoubtedly ease pressure on the Ukraine’s often publically disputed issues with buying gas from neighboring Russia.

According to an announcement made by the Minister of Energy and Coal in late December last year: “The purchase of Russian gas will decrease by half from 01st January (2012). We have warned the Russian partners that our economy cannot afford such a price of gas, and we will be switching to the use of our own energy resources.”
 

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019