Connection

popular articles

Samsung E&A acquires 9.1% of Nel ASA and signs a strategic agreement
France records a 5.3% drop in GHG emissions in Q1 2024
Norwegian sovereign wealth fund posts €35 billion loss in Q1 2025
Orkla sells its hydropower portfolio for NOK 6.1 billion
Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia

Naftogaz receives €270 million from EBRD to bolster gas reserves in Ukraine

Ukraine will receive a €270 million loan from the European Bank for Reconstruction and Development, backed by a Norwegian grant, to secure gas imports over two winters.
  • [favorite_button]

Please share:

The European Bank for Reconstruction and Development (EBRD) has granted €270 million ($288mn) in financing to the Ukrainian state-owned company Naftogaz for the purchase of natural gas to strengthen the country’s strategic reserves. This operation aims to secure energy supplies over the next two heating seasons.

Bilateral support to address the emergency

This state-guaranteed loan is complemented by a €139 million ($148mn) grant from Norway through the EBRD’s Crisis Response Special Fund. This contribution brings Norway’s total support for Ukraine’s energy sector since the start of the Russian invasion in 2022 to €460 million ($490mn).

Naftogaz, the country’s main gas supplier, is designated as the supplier of last resort. The financing will enable swift and flexible gas purchases depending on the evolution of the conflict and demand. The company had already received two previous EBRD loans totalling €500 million ($533mn), backed by €275 million ($293mn) in guarantees from several countries, including the United States, Germany and France.

A key partner in Ukraine’s energy sector

With this new loan, the EBRD brings its total financing to Naftogaz since 2022 to €770 million ($820mn). The London-based institution is currently Ukraine’s main institutional lender. It has mobilised €6.5 billion ($6.92bn) to support the national economy in wartime conditions.

To maintain this level of support, the EBRD has secured shareholder agreement for a €4 billion ($4.26bn) capital increase, which should allow it to continue lending during the conflict and prepare for the reconstruction phase.

Ensuring energy continuity despite attacks

Since the start of the conflict, Ukraine’s energy infrastructure has been repeatedly targeted. Despite this, EBRD funding has enabled a minimum energy service to millions of households and businesses. The institution supports both state-owned enterprises such as Naftogaz and private sector operators.

“We must ensure Ukraine can continue to function, even in the midst of war,” the EBRD said in an official statement published on April 25 by EBRD News.

Register free of charge for uninterrupted access.

Publicite

Latest news

Madrid and Lisbon ask Brussels to accelerate electrical interconnection projects
Greencells signs 68.48 MWp EPC contract with Enray in the United Kingdom
HyCC launches H2Next, a 25,000-tonne green hydrogen project in Rotterdam
Sonelgaz to invest $4.94bn to strengthen its network and electricity exports
Iraq entrusts major energy project in Basra to Sino-Iraqi consortium

Recently published in

Sonelgaz to invest $4.94bn to strengthen its network and electricity exports

The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11
QatarEnergy launches LNG production in the US and accelerates North Field expansion
QatarEnergy is set to begin liquefied natural gas production in the US by the end of 2025 and expand its North Field East project in Qatar starting mid-2026.
en_1140290960540-10
QatarEnergy launches LNG production in the US and accelerates North Field expansion
QatarEnergy is set to begin liquefied natural gas production in the US by the end of 2025 and expand its North Field East project in Qatar starting mid-2026.
en_1140290960540-10

TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025

TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10
Two $110bn energy deals signed between Kurdistan and US-based companies
Kurdistan signs oil and gas development agreements with HKN Energy and Western Zagros worth $110bn over the projects’ lifespan.
en_1140290959540-10
Two $110bn energy deals signed between Kurdistan and US-based companies
Kurdistan signs oil and gas development agreements with HKN Energy and Western Zagros worth $110bn over the projects’ lifespan.
en_1140290959540-10

Pertamina signs ten gas sales agreements with local companies

Indonesian state-owned oil company PT Pertamina has signed ten gas sales agreements with domestic firms, including gas distributor PGN and electricity provider PLN.
Asian LNG market hits record with 1,946 JKM derivatives orders
Physical and derivatives trading of liquefied natural gas in Asia reached unprecedented levels during the June pricing period, with a significant increase in bids and transactions amid the shoulder season.
en_1140290976540-3
Asian LNG market hits record with 1,946 JKM derivatives orders
Physical and derivatives trading of liquefied natural gas in Asia reached unprecedented levels during the June pricing period, with a significant increase in bids and transactions amid the shoulder season.
en_1140290976540-3
Mexico targets $1.6bn in annual savings by cutting US gas purchases
Mexico could eliminate imports of 384 billion cubic feet of gas per year by reaching 45% clean electricity by 2030, according to Ember.
en_1140290982540-3
Mexico targets $1.6bn in annual savings by cutting US gas purchases
Mexico could eliminate imports of 384 billion cubic feet of gas per year by reaching 45% clean electricity by 2030, according to Ember.
en_1140290982540-3
Energean exits Moroccan offshore after gas drilling yields mixed results
Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.
en_1140290999540
Energean exits Moroccan offshore after gas drilling yields mixed results
Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.
en_1140290999540

Turkey banks on 75 bcm gas field to ease import bill

Ankara announces the discovery of a new Black Sea gas reserve worth $30bn as part of its strategy to boost public investment in the energy sector.
Indonesia launches two offshore projects to strengthen energy independence
Two new oil and gas sites in the Natuna Sea are expected to produce 20,000 barrels of oil and 60 million cubic metres of gas per day.
en_1140291008540
Indonesia launches two offshore projects to strengthen energy independence
Two new oil and gas sites in the Natuna Sea are expected to produce 20,000 barrels of oil and 60 million cubic metres of gas per day.
en_1140291008540
Enbridge sells 12.5% stake in British Columbia pipeline to 36 First Nations
A CAD715mn ($524mn) partnership enables First Nations to co-own the Westcoast system, backed by a federal loan guarantee of CAD400mn ($293mn).
en_1140290985540-1
Enbridge sells 12.5% stake in British Columbia pipeline to 36 First Nations
A CAD715mn ($524mn) partnership enables First Nations to co-own the Westcoast system, backed by a federal loan guarantee of CAD400mn ($293mn).
en_1140290985540-1
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028
Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.
en_1140290945540-8
New Pipeline Connecting Permian Basin to Midwest Scheduled for 2028
Tallgrass Energy announces plans for a pipeline directly connecting the Permian Basin to the Rockies Express network, scheduled to start operations in late 2028 after securing initial commercial agreements with key shippers.
en_1140290945540-8

Aramco could invest in Woodside’s Louisiana gas project

Woodside Energy has announced a collaboration agreement with Saudi Aramco for a potential stake in its $17.5bn liquefied natural gas project in Louisiana, scheduled to begin production in 2029.
Sinopec drills 5,300 metres deep and sets new record for shale gas
Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.
en_1140290957540-8
Sinopec drills 5,300 metres deep and sets new record for shale gas
Sinopec announced a new vertical depth record with its Tiebei 1HF well, reaching 5,300 metres and producing over 314,000 cubic metres of gas per day in the Sichuan Basin.
en_1140290957540-8
McDermott successfully installs Scarborough FPU off the coast of China
McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.
en_1140290950540-8
McDermott successfully installs Scarborough FPU off the coast of China
McDermott has completed the offshore installation of the Scarborough floating platform for Woodside Energy, marking a key step in the preparatory maintenance phase of the gas project in Western Australia.
en_1140290950540-8
ArcLight takes majority control of NGPL amid rising energy demand
The fund managed by ArcLight Capital Partners has acquired 25% of Natural Gas Pipeline Company of America, bringing its total stake to 62.5% alongside Kinder Morgan.
en_1140290944540-2-2
ArcLight takes majority control of NGPL amid rising energy demand
The fund managed by ArcLight Capital Partners has acquired 25% of Natural Gas Pipeline Company of America, bringing its total stake to 62.5% alongside Kinder Morgan.
en_1140290944540-2-2

NRG Energy acquires 25 GW of capacity in $12 billion deal

NRG Energy acquires energy assets from LS Power, including 18 natural gas power plants, to strengthen its portfolio amid expected growth in U.S. electricity demand.
Woodway Energy appoints Diaco Aviki as CEO to drive growth
Diaco Aviki succeeds Thomas King at the helm of Woodway Energy Infrastructure amid expansion of its natural gas infrastructure in Texas.
en_1140290958540-2
Woodway Energy appoints Diaco Aviki as CEO to drive growth
Diaco Aviki succeeds Thomas King at the helm of Woodway Energy Infrastructure amid expansion of its natural gas infrastructure in Texas.
en_1140290958540-2
The European Union plans to ban all Russian gas imports by the end of 2027
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
en_1140290951540-2
The European Union plans to ban all Russian gas imports by the end of 2027
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
en_1140290951540-2
SiEnergy acquires EPCOR’s Texas gas business for $60mn
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
en_1140290946540
SiEnergy acquires EPCOR’s Texas gas business for $60mn
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
en_1140290946540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS