Ukraine’s Naftogaz Signs €300M Deal with European Investment Bank
Ukrainian state energy company Naftogaz has received a €300 million loan from the European Investment Bank to purchase gas ahead of the 2025/26 winter heating season.
The Gaze reports on it, referring to Reuters.
“300 million euros from the EIB is substantial and practical support that will help us guarantee the country's energy resilience ahead of the winter,” said Naftogaz CEO Sergii Koretskyi.
These funds will allow the purchase of about 0.6 billion cubic meters of gas, which will help ensure Ukraine's energy resilience in difficult conditions after a 40% decline in domestic production due to attacks on gas facilities.
At the same time, the Ukrainian government has stated that Ukraine needs at least 13.2 billion cubic meters of gas for the 2025/26 heating season, which will begin in mid-October.
Moreover, under the terms of the agreement, Naftogaz has committed to reinvesting an amount equivalent to the loan in renewable energy and decarbonization projects, supporting Ukraine's strategic goal of energy security and sustainable development.
Serhiy Koretskyi noted that the gas under the loan can be of any origin except Russian. According to him, the company has already reached 95-98% of the planned volumes of gas injection into underground storage facilities. A significant share of imports is accounted for by American liquefied natural gas, purchases of which increased significantly in 2025.
It is also reported that this year Naftogaz will import 500 million cubic meters of American liquefied natural gas (LNG), of which more than 400 million cubic meters have already arrived in Ukraine.
Part of the supplies is provided by the Polish energy company Orlen under a long-term contract. Although this accounts for only 8% of total gas imports, the volume of supplies significantly exceeds previous years.
“And we definitely intend to continue this line of work and plan to conclude direct contracts with American companies,” added the Head of Naftogaz.
As The Gaze informed earlier, Ukraine proposes its first energy projects under the resource deal with the US, aimed at strengthening the economy during the war and attracting foreign investment in extraction and energy efficiency.