Ukraine is pursuing a plan to build a $1.5 billion liquefied natural gas terminal on the Black Sea..
As per reports and information from our sources,Ukraine is pursuing a plan to build a $1.5 billion liquefied natural gas terminal on the Black Sea after Russia refused to cut prices for shipments of the fuel.This is a matter of national security to us now as Russia has refused, without grounds, to lower the price of its gas,`` Vladyslav Kaskiv, head of Ukraine's State Agency for Investment and National Projects, said late last week in an interview in New York.Talks between the Ukrainian and Russian prime ministers last week ended without agreement on a requested reduction in the price of gas shipped from Russia.
Ukraine is planning to draw USD 2.57 billion of investments for reconstruction of its gas transportation system, President Viktor Yushchenko told a press conference in Brussels, venue of the international conference on modernization of the Ukrainian GTS, the presidential press service reported.