Bank Of Baku

Kiev to buy gas from Azerbaijan

Kiev to buy gas from Azerbaijan
# 01 September 2011 13:32 (UTC +04:00)
"We are counting on Ukraine buying 5 billion cubic meters of gas in the first stage and another five in the second, for a total of 10 billion cubic meters of gas", he said.

Boyko said building its own liquefied gas loading terminal would cost Ukraine $1 billion, but he added building one in Odessa would give Kiev an alternative to Russian gas. He said the return on investment in the facility would be "very fast".

Boyko said, "We have a program with the EU and within the framework of that program, the overall sum of financing will be $3 billion. Ukraine will propose building the terminal as part of that program, he said.
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