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Ukraine and Qatar intend to jointly develop LNG market – Energy Ministry

KYIV. Sept 2 (Energy Reform) – Ukraine and Qatar have signed a protocol on cooperation in the energy sector, in particular, in the field of energy efficiency, renewable energy, and gas industry.

The Ministry of Energy said after the second meeting of the joint commission on economic, trade and technical cooperation between the governments of Ukraine and Qatar that among the promising areas of cooperation between the two states were medium and long-term contracts for the supply of LNG (liquefied natural gas), starting in 2022, the construction of LNG/LPG (liquefied petroleum gas) plants and the development of natural gas transport, investing in the gas transmission system, oil refining industry, and extraction of carbon.

"LNG is one of the alternative directions of natural gas supplies to Ukraine, which can ensure diversification of energy supplies, and will also help strengthen Ukraine’s energy security after 2024 (the end of the transit agreement with Gazprom)," the press service said citing Deputy Minister of Energy Maksym Nemchynov.

He emphasized that cooperation with Qatar in terms of LNG supplies is an important priority for Ukraine.

According to the report, Ukraine has significant prospects for the development of the LNG market, in particular, the country has the ability to reverse gas supplies in the volume of 10 billion to 14 billion cubic meters through Slovakia, Hungary and Poland.

"In the medium term – five to seven years – Ukraine can diversify gas supplies by arranging LNG supplies through the infrastructure of neighboring states or creating its own," the report says.

As reported, the Ukrainian Ministry of Energy and Qatar Petroleum, the state-owned oil and gas company of Qatar, signed a memorandum of understanding on energy cooperation in April.

The document was signed during the visit of the Ukrainian delegation headed by the president to Qatar.