Naftogaz Group and Polish oil concern ORLEN have signed a new agreement for the supply of 100 million cubic meters of liquefied natural gas (LNG) to Ukraine.
“This is the third contract within the partnership signed in the spring of this year. The total volume of contracted gas is 300 million cubic meters,” the company said on Thursday.
The signing of the contract was announced at the annual ORLEN GAS Meeting, a leading industry event dedicated to the region’s energy security.
The gas will be supplied from the US, regasified at the terminal in Świnoujście (Poland) and transported to Ukraine via the Polish gas transportation system.
“We are already preparing for the next heating season, and such contracts are an important part of our strategy to diversify supplies and ensure the country’s energy stability,” said Roman Chumak, CEO of Naftogaz Group.
In turn, according to Robert Soschinsky, Vice President of Operations at ORLEN, the new agreement with Naftogaz emphasizes the growing role of ORLEN as a natural gas supplier in the region.
“Our partnership significantly strengthens Ukraine’s energy security thanks to ORLEN’s diversified supply portfolio and efficient use of the Polish gas transportation infrastructure,” he emphasized.
As reported, in March 2025, Naftogaz and ORLEN signed a memorandum of long-term cooperation in the field of liquefied natural gas (LNG), under which they signed a contract for the supply of the first 100 million cubic meters. The memorandum establishes long-term strategic cooperation between the companies and will enable Ukraine to create a more diversified gas supply system.
Naftogaz Group has contracted 1.5 billion cubic meters of gas since the beginning of the year: 800 million cubic meters were urgently imported at the beginning of the year, 400 million cubic meters will be delivered to Ukraine in preparation for the next winter, and another 300 million cubic meters of LNG were purchased by Naftogaz from Polish ORLEN.
“During the first quarter, Naftogaz managed to attract about EUR 430 million from the European Bank for Reconstruction and Development (EBRD) and the Government of the Kingdom of Norway, which will soon be used to purchase 1 billion cubic meters of imported natural gas,” said Roman Chumak, acting Chairman of the Board of Naftogaz of Ukraine. Roman Chumak, quoted by the group’s press service in a message on the Telegram channel.
According to him, the company is also negotiating with the government and international financial institutions to raise funding in the amount of EUR 1 billion to purchase more than 2 billion cubic meters of gas.
As reported with reference to the former head of the Ukrainian Gas Transmission System Operator (GTSOU), Serhiy Makohon, Ukraine, given its own production volumes, needs to import 5.5-6.3 bcm of gas by the start of the heating season on November 1, 2025, which will require approximately $2.5-3 billion. According to his estimates, by the beginning of the next heating season, it is necessary to have at least 9 bcm of reserves in the UGS facilities (without buffer gas), as this year’s experience has shown that starting the season with lower reserves is extremely risky.
In his turn, Dmytro Abramovich, a member of the Board and Commercial Director of Naftogaz Group, said in late March that Ukraine needs to import 4.5-4.6 billion cubic meters of natural gas by November 1 this year.
According to Makohon, the guaranteed capacity for gas imports is approximately 50 million cubic meters per day, so it will take three months to import 4.6 billion cubic meters of gas, and 5.6-6.3 billion cubic meters in 4 months, and this is at 100% utilization, which is commercially difficult to achieve.
Thus, he believes that in order to import the necessary volumes by November 1, it is necessary to start importing significant volumes of gas in May.
In March of this year, Naftogaz Group paid UAH 11.7 billion to the state budget, which is UAH 3.4 billion, or 41%, more than in the same period in 2024, the company said on Wednesday.
“Naftogaz enterprises continue to increase the amount of taxes paid. In March 2025, they paid UAH 11.7 billion, which is 7.3% of the total tax revenues to the state budget of Ukraine for this month,” the group said.
In particular, the group paid UAH 11.1 billion to the state budget, and another UAH 575 million was transferred to local budgets.
“Since the beginning of the year, the amount of taxes paid has already exceeded UAH 23.2 billion. Each contribution is an important component of strengthening our economic stability,” Naftogaz CEO Roman Chumak said as quoted in the report.
As reported, in February 2025, Naftogaz Group paid UAH 5.8 billion in taxes, which is 9.4% more than in the same period in 2024.
According to the results of 2024, Naftogaz Group companies paid UAH 88.6 billion in taxes to the general budget, including UAH 81.8 billion to the state budget and UAH 6.8 billion to local budgets.
In addition, in 2024, NJSC Naftogaz of Ukraine paid UAH 15.7 billion in dividends to the state.
In February of this year, Naftogaz Group paid UAH 5.8 billion in taxes, which is 9.4% more than in the same period in 2024, the company said on Thursday.
In particular, the state budget received UAH 5.2 billion, while in February 2024 this amount was UAH 4.8 billion. At the same time, UAH 530 million was paid to local budgets (UAH 506 million, respectively).
“Despite all the challenges of the war and constant attacks on the energy infrastructure, Naftogaz ensures the country’s energy stability and support for the national economy,” said Roman Chumak, the head of the group, as quoted in the report.
As reported, in the first month of 2025, Naftogaz Group companies paid UAH 5.2 billion in taxes to the state budget, which is 7.1% less than in January 2024 (UAH 5.6 billion). At the same time, tax payments to local budgets increased by 14.5% to UAH 591 million in January compared to the same period last year.
According to the results of 2024, Naftogaz Group companies paid UAH 88.6 billion in taxes to the general budget, including UAH 81.8 billion to the state budget and UAH 6.8 billion to local budgets.
In addition, in 2024, NJSC Naftogaz of Ukraine paid UAH 15.7 billion in dividends to the state.
The Naftogaz Group and the European Bank for Reconstruction and Development (EBRD) have discussed financing the purchase of natural gas and supporting its production in the face of Russian attacks.
As the group reported on Friday, these issues were the focus of a meeting between Naftogaz CEO Roman Chumak and EBRD President Audrey Renaud-Basso. The event was also attended by EBRD Vice President Matteo Patrone, Managing Director for Ukraine and Moldova Arvid Turkner, and Deputy Head of the EBRD in Ukraine Iryna Kravchenko.
“Strengthening the country’s energy resilience in the face of a full-scale war, ensuring a stable heating season and providing all categories of consumers with gas are our key objectives. We are grateful to the EBRD for its support and continue to work together on financial instruments to ensure Ukraine’s energy security,” Chumak emphasized during the meeting.
He also added that in today’s environment, flexible and operational solutions in cooperation with international partners allow Naftogaz to respond quickly to crisis situations and ensure uninterrupted energy supplies.
As reported with reference to the Minister of Energy of Ukraine Herman Halushchenko, Ukraine will need to import at least 1 billion cubic meters of natural gas by the end of 2025.
At the same time, according to former Energy Minister Olha Buslavets, the country will have to import 2-3 billion cubic meters of natural gas in 2025 to cover the shortage.
According to her estimates, Ukraine should go through the heating season without serious gas supply restrictions, unless there are extreme frosts, but by the end of it, reserves in underground gas storage facilities (UGS) will amount to about 4.5-5 billion cubic meters, which means an additional need to import 2-3 billion cubic meters of gas by the end of this year.
The consolidated profit of Naftogaz Group in January-September 2024 increased by one and a half times (by UAH 8.014 billion) compared to the same period last year – up to UAH 23.304 billion.
According to the consolidated financial statements published on Naftogaz’s website, its revenue for the first nine months increased by 20.3% (by UAH 33.577 billion) to UAH 199.195 billion, gross profit by 2.1 times (by UAH 33.862 billion) to UAH 65.104 billion, and operating profit by 28.4% (by UAH 7.17 billion) to UAH 32.375 billion.
“Naftogaz Group companies continue to operate smoothly despite all the current challenges. We ensure stable growth in hydrocarbon production and improve our financial performance. I am grateful to the entire team for these results,” said Roman Chumak, Acting CEO of the company.
Also, in January-September 2024, Naftogaz enterprises paid almost UAH 67 billion in taxes to the budget, the group supplies natural gas to almost 12.4 million households, continuing to supply gas at a fixed tariff under PSO.
