At the extraordinary meeting of July 30, 2012, the Verkhovna Rada of Ukraine adopted the law of Ukraine on amendments to the Article 6 of the law of Ukraine on state budget of Ukraine 2012 concerning the financing of projects of substitution of natural gas.

The law increases by 29.5 billion UAH the total volume of state guarantees to ensure the full or partial fulfillment of debt commitments "under the commitments of economic entities of the public sector, which carry out projects of substitution of natural gas with domestic coal under to the memorandum of cooperation with the China Development Bank".

The purpose of the law is to settle the issue of providing government guarantees to attract credit resources of the China Development Bank to finance the program of substitution of consumption of imported natural gas with domestic coal. This will occur through the introduction of Chinese technologies on the use of coal-water fuel on thermal power plants, as well as the production of synthesis gas for the needs of chemical industry and synthetic natural gas for the needs of the state's economy due to the gasification of coal.

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