KYIV, Ukraine—U.S. firm Louisiana Natural Gas Exports Inc. has refused to cooperate with Ukraine over the supply of at least 5.5 billion cubic meters (Bcm) of LNG a year, the Ukrainian energy minister said on Sept. 11.
“Indeed, there was a refusal (of cooperation),” Olga Buslavets told a televised briefing, giving no further details.
The company and the Ukrainian government in May signed a memorandum on the prospect of importing LNG in a bid to diversify its energy supplies after relations with its traditional supplier, Russia, collapsed following Moscow’s annexation of Crimea in 2014.
“Our position is and always has been if there is a serious desire for a long-term contract to import U.S. LNG into Ukraine, we are interested,” Ben Blanchet, CEO of Louisiana Natural Gas Exports, told Reuters.
Otherwise it is the company’s policy not to comment on any specific transactions, he added.
Ukraine used to be Russia’s main gas importer for many years but now it switched to natural gas imported from the European Union.
Recommended Reading
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
Evolution Petroleum Sees Progress on SCOOP/STACK, Chaveroo Operations
2024-03-11 - Evolution expects to participate in future development blocks, holding in aggregate over 70 additional horizontal well locations.
Beach Town Corpus Christi Grows into America’s Top Energy Port
2024-01-16 - The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.