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Ukraine seeks to import US LNG – Naftogaz

Energy company says kyiv wants to replace supplies of Russian natural gas purchased from European countries

Ukraine is in talks with the United States on buying and financing the supply of liquefied natural gas (LNG) instead of the gas pipeline, which the country receives from Europe, the CEO of Naftogaz said on Tuesday, Yuriy Vitrenko.

Kyiv is currently buying reverse gas supplies that EU countries are reselling, having bought from Russia.

The head of the Ukrainian company told Bloomberg TV: “We would need to import gas worth up to $8 billion for the next heating season. And that’s exactly what we were talking about here in the United States, financing for American LNG that can replace the gas pipeline that we traditionally buy in Europe.

Vitrenko noted that Ukraine stopped direct purchases of Russian gas in 2015, instead increasing imports from Europe. “But since we are pushing for a full embargo on Russian gas, we think US LNG is the best alternative we are trying to buy at the moment,” he said.

The Naftogaz boss added: “In our case, US LNG can cover all our import needs. But if we look at a wider European situation, this cannot realistically replace short-term supplies from Russia.

According to Ukrainian Gas Transmission Systems (GTS), natural gas consumption in the country last year amounted to 26.8 billion cubic meters. The figure was almost double the national gas production, which stood at 13.67 billion cubic meters according to Naftogaz.

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