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Ukraine's DTEK seeks long-term US LNG contracts at CERAWeek, CEO says
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Ukraine's DTEK seeks long-term US LNG contracts at CERAWeek, CEO says
Feb 25, 2025 8:24 AM

LONDON, Feb 25 - Private Ukrainian gas company DTEK

hopes to sign long-term gas import deals with U.S. firms Venture

Global or Cheniere next month to supply the country and

neighbours Slovakia, Poland and Hungary, its chief executive

told Reuters on Tuesday.

Maxim Timchenko said DTEK's trading arm is looking to sign a

10-20-year LNG deal, with the gas first being imported into

Ukrainian storage facilities and then piped westward.

"It's an active discussion of our trading arm -- another

round of discussions and meetings will be taking place at (the)

CERAWeek (conference) in Houston, so they will be speaking not

only to Venture Global but to other big LNG suppliers. Cheniere,

for example," the CEO said.

DTEK is also in discussions to offtake Qatari LNG, Timchenko

added.

Ukraine has been a net importer of natural gas from EU

countries as its gas production and storage facilities come

under heavy fire by Russian forces.

Timchenko said the country will likely import 1-2 billion

cubic meters from Europe this year, and acknowledged that

Russian attacks on Ukrainian gas storage infrastructure threaten

the business case for importing and reselling U.S. LNG.

When asked if DTEK was concerned about Venture Global's

ability to reliably supply cargoes given legal challenges over

long-term contracts with major companies, Timchenko said "all

parties honored obligations" for a first cargo Venture Global

delivered in December on what could become an initial two-year

agreement for between six and 12 LNG cargoes.

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