Naftogaz Group has signed a historic loan agreement with the European Investment Bank (EIB) for EUR 300 million.
This is announced in the group's statement, Ukrainian News Agency reports.
The statement says that the funds will be used to purchase gas to form long-term reserves and ensure stable gas supplies to Ukrainians during the winter after the country's infrastructure was damaged by ongoing russian attacks.
This financing is implemented within the framework of the Ukraine Energy Support Plan implemented by the EIB and is provided by a guarantee from the European Commission within the Ukraine Investment Framework (UIF).
"EUR 300 million from the EIB is substantial and practical support that will help us guarantee the country's energy stability on the eve of winter," said Serhii Koretskyi, Chairman of the Board of Naftogaz of Ukraine.
Under this agreement, Naftogaz Group undertakes to reinvest an amount equivalent to the European Investment Bank loan in renewable energy and decarbonization projects.
As Ukrainian News Agency earlier reported, Naftogaz previously attracted loans from state-owned PrivatBank, Ukreximbank, and Ukrgasbank.
Naftogaz Group, in partnership with Polish ORLEN, has already supplied Ukraine with about 400 million cubic meters of American liquefied gas in preparation for the 2025-2026 winter.
The Naftogaz of Ukraine national joint stock company and the European Bank for Reconstruction and Development signed a record-breaking agreement for Ukraine for the purchase of gas for EUR 500 million in mid-August.
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