EBRD preparing additional EUR 500 million loan for gas imports by Naftogaz - media

The European Bank for Reconstruction and Development (EBRD) will lend an additional EUR 500 million (USD 585 million) to Naftogaz for additional gas purchases as Ukraine prepares for winter amid intensified russian attacks on energy infrastructure.

EBRD Vice President Matteo Patrone announced this to the Kyiv Post in an interview, the Ukrainian News agency reports.

"We are already preparing another EUR 500 million package for Naftogaz to cover urgent gas imports. However, it will have a real effect only if donors make a significant contribution," he said.

The report said the EBRD has already exceeded its funding targets for 2025, with almost EUR 2.3 billion (USD 2.7 billion) in disbursements.

This year, the funds are distributed among 46 private and 7 public projects in Ukraine.

The vice president said the EBRD wants to increase this amount to EUR 3 billion (USD 3.5 billion) annually - three times more than before the war.

Patrone said that the EBRD has already started consultations with "friends and partners of Ukraine" to help the country get through the heating season, although "it is too early to share concrete plans."

It is noted that in 2025, the EBRD has already attracted EUR 1.15 billion (USD 1.3 billion) in the energy sector of Ukraine.

This amount includes EUR 770 million (USD 890 million) in EBRD loans to Naftogaz for gas purchases, supplemented by EUR 219 million (USD 253 million) in grants from Norway, and EUR 160 million (USD 185 million) to Ukrnafta for the creation of new gas cogeneration capacities.

As the Ukrainian News agency earlier reported, Naftogaz Group said that over the past seven days the enemy has carried out massive attacks on gas infrastructure facilities three times.

Due to russian strikes, Ukraine will have to increase gas imports by 30%.