Ukraine LNG Terminal

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Ukraine LNG Terminal, also known as Black Sea LNG and Odessa LNG, was a proposed floating liquefied natural gas (LNG) import terminal in Odessa Oblast, Ukraine. There have been no development updates since 2017 and the project is presumed to be cancelled.

Location

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Project Details

  • Owner: Ukrainian Government
  • Location: Yuzhnyi Port, Odessa Oblast, Ukraine
  • Coordinates: 46.623611, 31.101111 (approximate)
  • Capacity: 7.3 mtpa, 1.05 bcfd
  • Status: Cancelled
  • Type: Import
  • Start Year:
  • Cost: US$1.21–1.38 billion[1]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Ukraine LNG Terminal was a proposed floating storage and regasification unit (FSRU) near Yuzhny Port in Odessa Oblast, Ukraine.[2][3]

The project was to be constructed in two phases. Phase one construction was to include the FSRU, with a capacity of 5 billion cubic meters per year. Phase two construction was to include a ground LNG terminal with a capacity of 5 billion cubic meters per year, bringing the facility total to 10 billion cubic meters per year. Three LNG storage tanks with a capacity of 180,000 m3 were also to be erected.[2]

The project was launched in 2012, but was then suspended in 2013 due to a lack of sufficient investment. It was resumed in July 2017 after Frontera signed a memorandum of understanding with Ukraine's Naftogaz to begin construction.[4]

The LNG terminal was considered strategically important for Ukraine, which imports a majority of its natural gas from Russia. Russian natural gas imports cost Ukraine $297 per 1,000 cubic meters.[2] Russia refused to consider Ukraine's request to reduce the price to $240, prompting Ukraine to consider development of the LNG terminal.[2]

There have been no development updates since 2017 and the project is presumed to be cancelled.

Articles and resources

References

  1. "Ukraine Seeks to Build Black Sea LNG Terminal by End of 2016". 2010-11-02. Retrieved 2021-12-22.
  2. 2.0 2.1 2.2 2.3 Ukraine LNG Terminal, Hydrocarbons Technology, accessed August 2017
  3. Odessa LNG Terminal, GIIGNL, accessed April 2017
  4. Ukraine to resume suspended LNG terminal project: PM, Xinhuanet, 17 Jul. 2017

Related GEM.wiki articles

External resources

External articles