Ukraine Plans Port Yuzhnyi LNG Terminal

Ukraine plans to construct an LNG terminal at the port of Yuzhnyi, Bloomberg reported, citing Vladyslav Kaskiv, the head of state national projects.

The liquefied natural gas terminal will cost about 846 million euro and 70% of the cost will come from borrowing, he said.

The capacity of the terminal will be 10 billion cubic meters when completed.

Kaskiv also said that the constructon of the LNG terminal will take about 49 months.

[mappress]

LNG World News Staff, March 30, 2012; Image: kmu.gov