Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal
Green Car Congress
DECEMBER 27, 2012
The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas. Previously, Ukraine expressed its interest in the Chinese technology of coal gasification and coal-water fuel production.