Azerbaijan, Baku, Jan.27 / Trend /
Ukraine is holding an active dialogue with Azerbaijan on implementation of joint projects in energy sector, President of Ukraine Viktor Yanukovich told Ukrainian mass media outlets in Davos on Thursday following a meeting with Azerbaijani President Ilham Aliyev, the presidential press service reported.
"We held another round of negotiations. Two protocols are being prepared for signing. There are technical issues that need to be considered by specialists. Undoubtedly, Ukraine will continue to work on transportation of the Caspian gas as a gas consumer and as a country that can take part in the construction of gas-transport systems involving our resources. It is very interesting for us," President Yanukovych said.
He said now trilateral negotiations are underway between Ukraine, Azerbaijan and Turkey on cooperation in energy sector projects.
"We see the perspective," President Yanukovych said, adding that the negotiation parties practically confirmed their interest in these projects.
Two documents will be signed between the two countries on gas supplies to a LNG terminal and establishment of a Ukrainian-Azerbaijan company to develop the project to build the facility.
It is expected that the developer of a feasibility study for Ukrainian LNG-terminal, Spanish company Socoin will complete the work soon. The cost of construction of the terminal was decreased from $1.5 billion to $1 billion.
Ukrainian national project LNG terminal includes construction of a marine terminal for liquefied natural gas. Ukraine will be able to diversify gas supplies in the volume of 10 billion cubic meters of gas per year after implementation of the project.
The two countries have an agreement on transportation of Azerbaijani oil via system of main oil pipelines of Ukraine: in the direction of the Kremenchuk oil refinery from the port of Odesa; transit in the direction of Mozyr oil refinery (Belarus); transit in the direction of the countries of Central and Eastern Europe (Hungary, Slovakia and the Czech Republic), as well as in the direction of Poland's oil refinery with the use of the Belarusian and Polish sections of the oil pipeline Druzhba (for the period prior to completion of the Brody-Plock pipeline construction).