Bilateral cooperation between Azerbaijan and Ukraine is developing in the spirit of strategic partnership, Ukrainian Prime Minister Nykolay Azarov said in an interview with Azerbaijani news agency Trend on the eve of his visit to Baku scheduled for April 3.

"Governments of our countries today are preparing the relevant bilateral Agreement together with the Protocol on the establishment of a joint venture to develop a feasibility study for arranging transportation of liquefied natural gas from Azerbaijan to Ukraine," Azarov said.

An intergovernmental Ukrainian-Azerbaijani agreement on the transportation of oil and liquefied natural gas supplies to Ukraine was signed in January 2011 during the World Economic Forum in Davos, Switzerland, in the presence of President Viktor Yanukovych and President Ilham Aliyev.

According to Azarov, after that Ukraine began active preparations for the implementation of the construction project of a sea complex for receiving liquefied natural gas: LNG-terminal near Odessa. Ukraine joined the World LNG-club in November 2011 in Rome, during the Twelfth World LNG Summit.

The PM specified that after completing the first stage - by late 2014 - Ukraine would be able to receive about 2 billion cubic meters of liquefied natural gas per year, while in a year the volumes may grow up to 5 billion cubic meters, and in three years - up to 10 billion cubic meters.

Today, Ukraine also considers its possible financial participation in oversea projects of LNG-terminals in other countries, Azarov added said.

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