Naftogaz Group has secured a UAH 4.7 billion loan from PrivatBank. The funds will be used to build up the necessary gas reserves in underground storage facilities for the upcoming 2025–2026 heating season.
The announcement was made by Sergii Koretskyi, Chief Executive Officer of Naftogaz.
At the same time, we continue to work with international financial institutions and partner countries. I am grateful to the management of PrivatBank for their quick response to our request. Thanks to the Government for supporting our efforts to prepare for winter,” commented Sergii Koretskyi.
Naftogaz is diversifying its sources and routes of gas supply. This enhances Ukraine’s energy security and resilience amid the ongoing full-scale war.
In March, Naftogaz signed a memorandum with the Polish company Orlen on strategic cooperation in the supply of liquefied natural gas (LNG), under which the first contract was concluded for the delivery of 100 million cubic meters of gas.
On April 21, the company reported that since the beginning of 2025 it had already contracted 1.5 billion cubic meters of gas. Of these, 800 million cubic meters were urgently imported, another 400 million were injected into underground storage for the winter period, and 300 million cubic meters of LNG were purchased from Orlen.
In the first quarter of 2025, Naftogaz attracted €430 million from the European Bank for Reconstruction and Development and the Norwegian government to purchase 1 billion cubic meters of gas. In addition, the company is negotiating to attract another €1 billion to purchase an additional 2 billion cubic meters.
Overall, by the start of the 2025/2026 heating season, Naftogaz plans to import up to 4.5 billion cubic meters of natural gas.
