Naftogaz, Ivchenko Plot Ukraine's Gas Development.
18 January 2008
Head of Naftogaz Oleksii Ivchenko announced yesterday that Ukranafta was planning build a plant to produce liquefied natural gas on the Black Sea coast near Odessa . Ivchenko said that plant would be able to produce 20 bln cm per year by 2009, According to Ivchenko the plant will cost ~USD 2.5 mln and begin work at half capacity in 1-2 years. The plant will also allow to receive large volumes of gas from and . In related news, Naftogaz also announced that it would sign an agreement to set up a new JV with RosUkrEnergo by the end of the week. Concorde Capital: In the Ukrainian press this morning, unconfirmed reports suggested that Ukrnafta had signed an agreement setting gas prices at USD 95 for the next five years. In our latest gas note we analysed several different scenarios, and they are all still possible
