The Ministry of Energy of Ukraine and Qatar Petroleum, the state-owned oil and gas company of Qatar, have signed a memorandum of understanding on energy cooperation, the press service of the Ministry of Energy said.
On the part of Ukraine, the document was signed by acting Minister of Energy Yuriy Vitrenko, for Qatar – President and CEO of Qatar Petroleum, Minister of State for Energy Affairs Saad Sherida Al-Kaabi.
“Cooperation in the oil and gas sector of Ukraine and Qatar is promising and important for our country. Qatar is one of the largest gas producers in the world and has valuable experience and significant financial resources for investments in the exploration and production of gas in Ukraine,” Vitrenko, who is currently on a visit to the capital of Qatar, Doha, as part of the Ukrainian delegation led by the president of Ukraine, said.
In addition, according to him, cooperation with Qatar is of fundamental importance for Kyiv from the point of view of diversifying sources of gas supplies to Ukraine.
In accordance with the memorandum, the states intend to develop cooperation, in particular in the areas of investments from Qatar in the exploration and production of gas in Ukraine, as well as gas supplies (liquefied natural gas) from Qatar to Ukraine.
The memorandum will be valid for three years and can be automatically renewed for the same period.