The Spanish Gas Natural Fenosa Engineering (previous SOCOIN) will conduct a feasibility study for the future liquefied natural g

abarrelfull wrote on 12 Dec 2011 15:19
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Ukraine chose the Spanish company Gas Natural Fenosa Engineering (previous SOCOIN) to conduct the feasibility study of future liquefied natural gas terminal in the Slavic country, said the agency's director of investment and management of national projects in Ukraine Vladislav Kaskiv.

Ukraine chose the Spanish company Gas Natural Fenosa Engineering (former SOCOIN) to conduct a feasibility study of future liquefied natural gas terminal in the Slavic country, said today the agency's director of investment and management of national projects in Ukraine Vladislav Kaskiv.

"The company Gas Natural Fenosa Engineering (previous SOCOIN) won the tender for the feasibility study. The document must be prepared before the end of January 2012", Kaskiv said in a news conference.

Ukraine, which depends almost entirely on Russian gas supplies, plans to build the terminal before the end of 2015. The Ukrainian authorities consider that this will diversify fuel supplies and lower the prices. The terminal would have a capacity of 10,000 million cubic meters of gas annually and would cost 2,500 million dollars.

The primary supplier of gas for future terminal would be Azerbaijan, as Ukraine has chosen. Ukrainian Energy Minister Yuri Boiko said Kiev and Baku previously agreed that the annual supplies would reach 5,000 million cubic meters of liquefied gas.

• The Spanish Gas Natural Fenosa Engineering (previous SOCOIN) will conduct a feasibility study for the future liquefied natural gas terminal in Ukraine

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