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Ukraine tries out another gas route

Ukrainian operator DTEK D.Trading has delivered the first shipment of 100 million cubic meters of liquefied natural gas from Venture Global Inc.'s export terminal in U.S. Louisiana to a port in Lithuania's Klaipeda and on to Ukraine, Logos Press reported.
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Ukraine tries out another gas route

Another route for the purchase and delivery of natural gas was tested, “Ekonomicheskaya Pravda” noted. For the first time, a Ukrainian trader was responsible for chartering the tanker, loading and delivering the goods. This means that for the first time LNG imports were made on an “ex-board” basis, meaning that the seller fulfilled its obligation to deliver the goods when they crossed the vessel’s board at the agreed port of shipment. From that point on, all costs and risks of loss of or damage to the goods are transferred to the buyer.

The publication notes that D.Trading has previously successfully tested the route of LNG imports from the United States to Ukraine via Greece. In this context, access and the possibility of supplies through the Lithuanian terminal provide alternative scenarios for supplying Ukraine with natural gas.

“We are working with European and American partners to develop cost-effective routes to supply more gas to Ukraine and neighboring countries,” Economic Pravda quoted DTEK CEO Maksym Timchenko as saying.

At the same time, the publication notes that D.Trading is negotiating to increase supplies from the United States to Europe, and the availability of import options both through Greece and Lithuania gives certain room for maneuvering and will make it possible to secure gas routes as much as possible in the coming winter. “But many routes are still expensive,” the publication states.


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