Zelensky: Minerals deal will allow building LNG terminals in Ukraine

The President made this statement during a short speech at the White House in the presence of US President Donald Trump, an Ukrinform correspondent reports.

“There were no LNG terminals (terminals for receiving and regasifying liquefied natural gas) in Ukraine. This document will create such an opportunity. More precisely, the next document, but within the framework of this agreement we see very favorable conditions for the creation of such terminals,” Zelensky noted.

The President emphasized that the construction of such terminals will also be an important aspect of Ere's security.

“We have the largest gas storage facilities in Ere,” Zelensky added.

As reported by Ukrinform, on Friday, delegations from Ukraine and the United States intend to sign a bilateral agreement on the formation of rules and conditions for the functioning of the Investment Reconstruction Fund.

This agreement with the US will be a framework agreement. The countries will then work on an agreement to establish an Investment Reconstruction Fund, which will require approval by the Ukrainian parliament.

Read also: Prime Minister Shmyhal informed parliament about the agreement between the US and Ukraine on the Investment Fund

Prime Minister Denys Shmyhal explained the day before that this agreement would consist of six main points.

First, Ukraine and the United States will create an Investment Reconstruction Fund, which will be jointly owned and managed by both countries.

Secondly, Ukraine's natural resources will remain under the country's control and will not be transferred to the ownership of the United States or anyone else.

Thirdly, Ukraine will contribute 50% of future income from its natural resources to the Fund.

Fourth, the United States will provide the fund with money, financial instruments and other assets necessary for the restoration of Ukraine.

According to the fifth point, the funds collected by the Fund will be directed exclusively to projects for the restoration of Ukraine, including the Fund for Future Generations of Ukrainians.

Point six: the agreement takes into account Ukraine’s obligations in the context of its European integration process.

Photo: EPA/Jim Lo Scalzo