Ukraine supports Trans-Caspian Gas Pipeline Project
16 April 2012
During a meeting with the President of Azerbaijan, Ilham Aliyev, Ukraine Prime Minister Mykola Azarov expressed Kiev's intention to participate in the construction of the trans-Caspian gas pipeline, according to the prime minister’ s press office.
Ukraine is ready to invest up to Euro 790 million in the trans-Caspian project, on condition that an offshoot to the Georgian oil port of Kulevi in the eastern coast of the Black Sea is built.
Kiev plans to transport liquefied natural gas from Kulevi by tanker to the Pivden LNG Terminal, according to a communique.
The new gas pipeline transits Azerbaijan and Georgia, bypassing Russia.