Naftogaz Group has signed an agreement for the Netherlands to provide €23 million through the European Bank for Reconstruction and Development (EBRD) for additional gas purchases.
Serhiy Fedorenko, Acting Chairman of the Board of Naftogaz of Ukraine, announced this on Facebook.
“Naftogaz Group has signed a grant agreement with the EBRD for €23 million in funding from the Dutch government. These funds will be used to purchase additional volumes of gas during periods of peak consumption,” Fedorenko wrote.
He noted that the grant is part of the Netherlands’ ongoing support for Ukraine’s energy sector.
“Ukraine entered the heating season with sufficient gas reserves in storage facilities. Greater capacity to import gas during peak consumption periods will provide the system with an additional safety margin throughout the winter,” Fedorenko added.
