Akhmetov’s DTEK preparing for new deals for supply of liquefied gas – Bloomberg

The largest private energy company in Ukraine, DTEK, intends to conclude an agreement to import liquefied natural gas (LNG) within the next two months.

Ekonomichna Pravda reported this with reference to Bloomberg, the Ukrainian News agency reports.

According to the company's CEO Maksym Tymchenko, the company's trading division is currently negotiating with several suppliers, including companies from the United States, to conclude a two-year contract.

According to him, the company is also discussing 10-20-year agreements with suppliers, including Middle Eastern producers.

Tymchenko did not name the counterparties, saying that some negotiations are still in the early stages.

DTEK is reported to be planning to import one cargo of LNG per month, which will be an important achievement for the company, which is a newcomer to this market.

As the Ukrainian News agency earlier reported, Shell predicts that global demand for liquefied natural gas (LNG) will increase by 60% by 2040.

DTEK manages the energy assets of System Capital Management. 100% of SCM shares belong to businessman Rinat Akhmetov.