Azerbaijan and Ukraine to form joint venture for studies of liquefied gas shipments

Azerbaijan and Ukraine will establish a joint venture to study liquefied gas supplies from Azerbaijan to Ukraine, Azerbaijani Minister for Industry and Energy Natik Aliyev said, Trend reports.

Ukraine offered to purchase 2-5 billion cubic meters of gas annually.

Vestnik Kavkaza reported earlier that Azerbaijani Minister for Industry and Energy Natig Aliyev and Ukrainian Minister for Energy and Coal Industry Yuri Boyko had been discussing energy cooperation.

The sides were working on documents signed at a meeting of Azerbaijani and Ukrainian Presidents Ilham Aliyev and Victor Yanukovych in January 2011, an oil transport deal and a memorandum on cooperation in liquefied gas transport through Ukraine.

Liquefied gas supplies are available within the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, transporting it from Azerbaijan through Georgia and the Black Sea to Romania.

The project has 3 versions: two billion cubic meters annually, 5 billion and 8 billion. The project’s expenses vary from 1.2 billion euros to 4.5 billion.

Ukraine is currently building a terminal to receive gas.