Azerbaijan, Ukraine sign protocol in energy
Azerbaijan, Baku, Sept. 19 /Trend, S.Aliyev/
Following talks held in Baku between the Minister of Industry and Energy of Azerbaijan Natik Aliyev and Minister of Energy and Coal Industry of Ukraine Yuriy Boyko, the sides signed a protocol, Ministry's press secretary Azer Mensimli told Trend.
The protocol agreed upon issues of establishing a joint venture to transport Azerbaijani liquefied natural gas to Ukraine, export Azerbaijani oil and petroleum products to this country, said Mensimli
During the meeting, work was also conducted on an agreement on measures to develop cooperation in oil transportation through Ukraine's territory and the memorandum on cooperation in organizing the supply of liquefied natural gas to Ukraine, signed after a meeting of Presidents Ilham Aliyev of Azerbaijan and Viktor Yanukovych of Ukraine in January.
Azerbaijani liquefied gas to Ukraine can be delivered via Azerbaijan-Georgia-Romanian Interconnector (AGRI), which involves the supply of liquefied natural gas from Azerbaijan via Georgia and the Black Sea to Romania.
The capacity of the AGRI Project is considered in three variants - 2 billion cubic meters of gas per year, 5 billion cubic meters and 8 billion cubic meters. According to preliminary data, depending on the project capacity, its costs will vary from 1.2 billion to 4.5 billion euros.
The AGRI project envisages transporting Azerbaijani gas via pipelines to the Black Sea coast of Georgia, where the gas will be liquefied at a special terminal. The gas will then be delivered via tankers to a terminal at the Romanian port of Constanta.