Ukraine Could Import Large Volumes of U.S. LNG

Ukraine Could Import Large Volumes of U.S. LNG | OilPrice.com

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Breaking News:

ByCharles Kennedy– Mar 12, 2025, 10:30 AM CDT

Ukraine could import significant quantities of U.S. LNG via terminals in EU countries as it seeks to boost supply with domestic infrastructure damaged by Russian attacks, the head of the gas system operator told Reuters in an interview published on Wednesday.

Ukraine could import at least 4 billion cubic meters of gas between April and October this year, Dmytro Lyppa, chief executive at the Gas Transmission System Operator of Ukraine (GTSOU), told Reuters.

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DTEK, Ukraine’s biggest private energy company, signed in June a Heads of Agreement (HOA) with U.S. firm Venture Global for the supply of U.S. LNG to Ukraine and Eastern Europe.

Ukraine could import American LNG via the terminals in Germany, Greece, Lithuania, and Poland, according to the gas system operator.

“If we take the political aspect, it is better for us to bring as much (U.S. LNG) as possible to Poland and gradually bring it to us,” Lyppa told Reuters.

Ukraine can import natural gas via pipelines from Poland, Slovakia, and Hungary.

Ukraine will be looking to import as much U.S. LNG as possible via the European terminals, the executive said.

Due to the geopolitical situation, Ukraine could prefer U.S. LNG to supply from competitors, Qatar for example, if the different in prices is not significant, Lyppa told Reuters.

The U.S. has been seeking to broker a ceasefire deal between Ukraine and Russia in recent days. Ukraine on Tuesday “expressed readiness to accept the U.S. proposal to enact an immediate, interim 30-day ceasefire,” says a joint statement of Ukrainian and American delegations following their meeting in Jeddah, Saudi Arabia.

However, the proposed ceasefire is contingent on Russia also agreeing to it.

Russia has been targeting – and hitting – energy infrastructure in Ukraine since the beginning of the invasion in February 2022. Air strikes become more aggressive and frequent during the winter when Ukraine needs more gas and all other sources of energy to keep heating and lights on.

By Charles Kennedy for Oilprice.com

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