The world’s largest exporter of liquefied natural gas may help Ukraine build its own LNG terminal. /

The world’s largest exporter of liquefied natural gas may help Ukraine build its own LNG terminal. The parties have entered into an energy alliance.

Ukraine is strengthening cooperation with Qatar, especially in the energy, arms and food spheres. The Ukrainian energy ministry and Qatar Petroleum – Qatar’s state-owned oil and gas company – have signed a memorandum regarding energy cooperation.

The two countries intend to do business together, in particular in the areas of investment in gas exploration and production in Ukraine and gas supply from Qatar.

“Cooperation between Ukraine and Qatar in the oil and gas sector is promising and important for our country. Qatar is one of the largest gas producers in the world and has valuable experience and significant financial resources to invest in gas exploration and production in Ukraine. Increasing our own gas production and diversification of gas supply sources are consistent with the gas consumer interests in Ukraine and will contribute to sustainable economic development and strengthening of Ukraine’s energy security,” the Ukrainian side stressed in their official communiqué.

The memorandum will be valid for three years and can be automatically renewed for the same period.

Ukrainian President Volodymyr Zelenski flew to Qatar on Sunday. During talks with Emir Tamim bin Hamad Al Thani, Zelenski noted that Ukraine will continue to export agricultural products and food to Qatar. Kiev sees Doha as a key partner in the Arab world.

The Ukrainians are particularly keen on energy and investment cooperation. The Qataris, who are the largest exporters of liquefied gas in the world, could help build Ukraine’s first LNG terminal. This would be a significant step towards energy security for our eastern neighbour. Kiev is also interested in purchasing not only gas but also oil from Qatar.

Ten years ago, Ukraine planned to build a floating vessel for regasification and storage of liquefied gas – at the Yuzhnyy port in Odessa, but the investment did not materialise due to opposition from Turkey, which wants to restrict the transport of hydrocarbons through its straits.

By Martin Chomsky (fot.: Qatargas)