The EBRD will lend €270 million to Naftogaz. What will these funds be spent on
26 March 15:41
The European Bank for Reconstruction and Development has approved a loan of up to €270 million for Naftogaz. This was announced by the Prime Minister of Ukraine Denys Shmyhal, reports
According to him, the funds will be used to purchase natural gas for the next two heating seasons.
The Prime Minister also said that about €140 million in grants from Norway, which will also come through the European Bank for Reconstruction and Development, will be used to purchase gas and increase its reserves in underground storage facilities.
Naftogaz has already begun filling storage facilities with gas
A week ago, it became known that Naftogaz of Ukraine signed a contract with the Polish company ORLEN for the supply of about 100 million cubic meters of liquefied natural gas.
The gas will be delivered to Ukraine in April. It will be used to create a strategic fuel reserve for the next heating season.
This is the second fuel supply contract signed under the Memorandum of Understanding between Naftogaz and ORLEN. The first one also provided for the supply of 100 million cubic meters of LNG.
Ukraine’s growing gas supply needs are explained by the consequences of Russian attacks
As Reuters wrote, before the recent Russian attacks, Ukraine’s daily gas production was 52-53 million cubic meters, but the strikes on the gas infrastructure led to a 40% drop in this figure, forcing Ukraine to increase gas imports.
By mid-October 2025, at least 13 billion cubic meters of gas must be in Ukrainian gas storage facilities to successfully pass the 2025-2026 winter season. Reuters, citing its sources, reported that Ukraine plans to purchase at least 4 billion cubic meters of gas from April to October. Up to half of this volume will be LNG gas delivered to European terminals.
According to Bloomberg, Ukraine will need to import somewhat more gas this season, up to 5 billion cubic meters. These are record volumes of gas that Ukraine hopes to receive from the western direction. Earlier, as the publication notes, the maximum imports from the West amounted to only 1 billion cubic meters.
Reporting on the supply volumes, Bloomberg quotes Dmytro Sakharuk, CEO of D.Trading, DTEK’s trading unit, as saying. According to his estimates, Ukraine will need up to 5 billion cubic meters in the season from April 2025 to April 2026.
DTEK is also involved in foreign gas supplies
In December last year, D.Trading delivered the first cargo of liquefied natural gas from the United States to Ukraine. This happened through an import terminal in Greece.
As told by
Bloomberg reported that DTEK is in talks with various gas suppliers and is targeting imports of one cargo per month.
