Kogas to Invest in Ukraine LNG Terminal

State Agency for Investment and National Projects of Ukraine and Kogas have agreed to cooperate in building a LNG terminal in Ukraine.

The project's first phase will be commissioned in 2016 and will have a capacity of 5 bcm per year in the form of one floating storage and regasification unit that should be permanently moored to the pier until the completion of the LNG terminal.

The second phase includes the construction of an onshore LNG terminal. The LNG terminal is expected to cost 750 million euro and will have a capacity of 10 billion cubic meters (bcm) of LNG per year.