Business news from Ukraine

Business news from Ukraine

UKRAINE, AUSTRALIA PLAN TO COOPERATE IN UCG AREA

29 July , 2015  

KYIV. July 28 (Interfax-Ukraine) – The Energy and Coal Industry Ministry of Ukraine has signed a memorandum of cooperation in Underground Coal Gasification (UCG) with Linc Energy Ltd. and Bond Bros Contracting Pty Limited (both based in Australia), the ministry’s press service has reported.

“This project is one of the most promising projects of trade and investment cooperation between Australia and Ukraine, and I hope sincerely that it would develop,” Australia’s Ambassador to Ukraine Douglas Trappett said.

First Deputy Energy and Coal Industry Minister Ihor Martynenkov said that Ukraine also plans to expand cooperation in other energy segments with Australia.

As reported, DTEK announced plans to cooperate with Linc Energy in production of synthesis gas using UCG in December 2012.

Linc Energy uses UCG for 15 years in Australia.