Support The Moscow Times!

Ukraine Wants LNG Plant

Ukraine is pursuing a plan to build a $1.5 billion liquefied natural gas terminal on the Black Sea after Russia refused to cut prices for shipments of the fuel.

"This is a matter of national security to us now as Russia has refused, without grounds, to lower the price of its gas," Vladyslav Kaskiv, head of Ukraine's State Agency for Investment and National Projects, said late last week in an interview in New York.

Talks between the Ukrainian and Russian prime ministers last week ended without agreement on a requested reduction in the price of gas shipped from Russia. Ukraine, the largest consumer of Russian gas, pays $297 per 1,000 cubic meters and said May 24 that it wants to cut the price to $240.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.