Lafayette firm drafting deal with Ukraine for LNG supply

(iStock) An LNG tanker

Ukraine has signaled interest in buying long-term LNG supply from a Louisiana company.

The named supplier, Louisiana Natural Gas Exports, is a Lafayette company that lists Marsden Miller as director of the company, according to the Louisiana Secretary of State’s Office.

Ukraine News Agency Interfax-Ukraine reports the country’s Cabinet of Ministers approved a May 27 memorandum with Louisiana Natural Gas Exports on possible LNG supplies from the United States to Ukraine and the development of gas infrastructure with Poland.

“The Ministry of Energy and Environment Protection has worked out a draft memorandum of cooperation between Louisiana Natural Gas Exports and the Cabinet of Ministers of Ukraine on facilitating gas supplies to Ukraine and improving gas infrastructure, which provides for exploring the possibility of diversifying natural gas supply routes by ensuring long-term supplies of liquefied natural gas and developing cross-border gas infrastructure in Ukraine and the EU,” Olha Buslavets, the acting Minister of Energy and Environment Protection, told the news agency.

The agreement provides for an annual LNG supply of about 5.5 billion cubic meters, and its price will be determined in accordance with the prices on the Henry Hub.

Interfax has the full story.