unconventional resources, could significantly reduce their dependence on Russian gas. Ukraine, in particular, is keen to get on board with AGRI. Kiev has been doggedly trying to cut its reliance on Russian gas: in September it announced that imports from Russia would fall to 24.5bcm in 2013, from 27bcm this year and 40bcm in 2010. Even if Ukraine were to receive all of AGRI's 8bcm output, this would only be 14% of its 2011 consumption -- but it would at least offer some insurance against cut-offs or price increases from Moscow. It would also be cheaper, with early estimates suggesting a price for Azeri LNG of around $300/tcm compared to over $400/tcm for Russian gas. Ukraine's hunger for gas underlines the fact that Romania is not the only destination for Azerbaijani LNG, particularly since Ukraine is already moving ahead with plans to build an LNG terminal at Odessa. There could, therefore, be something of a competition between Kiev and Bucharest. Azerbaijan has been lukewarm on a previous project which would take 15bcm of Azeri LNG from Georgia to Ukraine but if Ukraine has the infrastructure and the appetite for large-scale LNG imports, it may be a more attractive consumer than Romania. This competition could easily be resolved in the long-term, once more Azerbaijani gasfields come onstream or if a way was found for Turkmen gas to come west, by building a terminal in both countries. However until AGRI scales up its operations only one destination will be chosen. AGRI would