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Ukraine reportedly duped on $1bn gas deal

Ukraine reportedly duped on 1bn gas deal
01/11
Caption
Vlad Kaskiv, head of Ukraine’s state investment agency and Jordi Sarda Bonvehi sign the agreement.
Ukraine reportedly duped on 1bn gas deal
02/11
Caption
Prime Minister Mykola Azarov watching broadcast from the construction site of the LNG terminal.
Ukraine reportedly duped on 1bn gas deal
03/11
Caption
(from left) Jordi Sarda Bonvehi, Prime Minister Mykola Azarov and Energy Minister Yuriy Boyko.
Ukraine reportedly duped on 1bn gas deal
04/11
Caption
Head of Ukraine’s state investment agency Vlad Kaskiv.
Ukraine reportedly duped on 1bn gas deal
05/11
Caption
Prime Minister Mykola Azarov.
Ukraine reportedly duped on 1bn gas deal
06/11
Caption
Vlad Kaskiv, head of Ukraine’s state investment agency and Jordi Sarda Bonvehi sign the agreement.
Ukraine reportedly duped on 1bn gas deal
07/11
Caption
Vlad Kaskiv, head of Ukraine’s state investment agency and Edward Scott Senior Vice President of Excelerate Energy sign the agreement.
Ukraine reportedly duped on 1bn gas deal
08/11
Caption
(from left)Senior Vice President of Excelerate Energy Edward Scott, Sarda Bonvehi, Prime Minister Mykola Azarov, Energy Minister Yuriy Boyko and Vlad Kaskiv, head of Ukraine’s state investment agency.
Ukraine reportedly duped on 1bn gas deal
09/11
Caption
Prime Minister Mykola Azarov and Energy Minister Yuriy Boyko watching live video from construction site of the LNG terminal.
Ukraine reportedly duped on 1bn gas deal
10/11
Caption
Prime Minister Mykola Azarov and Energy Minister Yuriy Boyko watching live video from construction site of the LNG terminal.
Ukraine reportedly duped on 1bn gas deal
11/11
Caption
Energy Minister Yuriy Boyko.
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal
  • Ukraine reportedly duped on 1bn gas deal

One of Ukraine’s steps to energy independence quickly turned into a fiasco after signing a $1.1 billion deal on joint construction of an LNG terminal on the Black Sea. Now Kiev is trying to figure out with whom it actually signed the contract.

Such an agreement was formally in the presence of Prime Minister Mykola Azarov and Energy Minister Yuri Boiko signed by the head of the State Agency for Investment and national projects Vladyslav Kaskiv on Monday, November 26th.
The Financial Times notes that in the name of Gas Natural Fenosa has signed an agreement a man who spoke Spanish. "Kaskiv and his staff identified it as Geordie Sard Bonwit" - the newspaper notes.
Officials in Gas Natural Fenosa say they do not sign any agreements with Ukraine, do not know Sard Bonvin, and it does not represent their campaign or subsidiaries.
"Gas Natural Fenosa has not signed any contract with respect to investment in LNG-terminal in Ukraine, or on the management consortium for the construction of the terminal," - said in a statement the campaign. "We categorically deny the reports, which cruised to the media during the day," - added in a statement.

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