The Naftogaz Group raised UAH 2.445 billion in additional financing as part of a strategic partnership with the state-owned JSC Ukreximbank, the company said on Monday.
“This is another practical aid in preparation for the autumn-winter period. I would like to thank the Cabinet of Ministers and Ukreximbank for their support and trust,” said Serhiy Koretsky, chairman of the board of Naftogaz of Ukraine.
As the group recalled, Naftogaz, in partnership with Poland’s ORLEN, has already delivered about 400 million cubic meters of American liquefied natural gas to Ukraine in preparation for the winter of 2025-2026, which is carried out through two terminals – Świnoujście in Poland and Klaipėda in Lithuania. As of mid-September, a total of about 450 million cubic meters of American LNG has been contracted for delivery to Ukraine.
As of the end of last week, the total level of natural gas reserves in Ukrainian underground gas storage facilities (UGS) was 12.3 billion cubic meters (including 4.1 billion cubic meters of long-term storage gas, taking into account gas in temporarily uncontrolled territories, as well as 0.6 billion cubic meters of active long-term storage gas, which was transferred to the “buffer gas” category), which is 1% higher than last year (including 0.08 billion cubic meters of non-resident gas).
According to the Ukrainian Gas Transmission System Operator, since the beginning of September, net gas imports to Ukraine (excluding short-haul transit) have amounted to approximately 23-24 million cubic meters per day from Hungary, Poland, and Slovakia.
Last week, daily gas consumption in Ukraine fluctuated at 20-21 million cubic meters per day, which, according to AGSI (the European platform Agregated Gas Storage Inventory – IF-U), allowed more than 50 million cubic meters per day to be pumped into UGS facilities.
The Ministry of Energy of Ukraine plans to accumulate 13.2 billion cubic meters (or 8.6 billion cubic meters without taking into account “buffer gas”) by November 1, 2025, which, according to former OGTSU head Serhiy Makogon, is too low and will require additional imports of 1.5 billion cubic meters in winter.
As reported, the European Bank for Reconstruction and Development (EBRD) announced that, as part of the ESSF Energy Security Support Program, it will provide a guarantee to Ukreximbank to partially cover the credit risk on new loans to Ukrainian businesses for the implementation of various energy projects in the amount of EUR 100 million.
The bank’s board of directors approved the project on September 9, and it will cover up to 50% of the credit risk.
Ukreximbank is the third largest bank in Ukraine in terms of total assets as of mid-year, with UAH 318.6 billion (8.3% of the system’s total assets).
