OREANDA-NEWS. August 08, 2012. Ukraine is interested in using China's coal gasification technologies as a part of the project to replace natural gas.

This was started by Prime Minister Mykola Azarov at a meeting on Tuesday with Li Jiping, vice-president of China Development Bank.

"The issue of substitution of expensive imported gas with coal - is a strategic issue for us. We are interested in China's coal gasification technologies in the hydrocarbon fuel. Successful implementation of this project will help during the state visit of President of Ukraine to China, which is scheduled for November, talking about a large-scale projects", - Mykola Azarov said.

In turn, Li Jiping said that to implement the project in Ukraine to replace gas with coal, the Chinese financial institution is ready to open a credit line of 3.656 billion U.S. dollars. "You are implementing a program to replace the use of natural gas with Ukrainian coal. This program is at the strategic level. Specialists of our countries have already reached an agreement on cooperation in the framework of this project and we are ready to provide you with a loan of USD 3.656 billion. U.S. to support this program"- he said.

However, Li Jiping, vice-president of China Development Bank has praised the actions of the government to provide state guarantees for the loan. He added that the political and economic stability, which is now in the Ukraine, promotes further cooperation with China.

Recall that Ukraine is going to attract USD 3 billion of Chinese investment to implement projects in the field of agriculture.