Ukrgasbank provided Naftogaz of Ukraine with a loan of UAH 4.7 billion for gas purchases, according to the company’s CEO Serhiy Koretsky.
“We are continuing to prepare for winter – another important step has been taken. Naftogaz has signed a loan agreement with Ukrgasbank (UGB) for UAH 4.7 billion. The funds received are already being used to purchase natural gas to build up sufficient reserves in underground gas storage facilities so that the country will be provided with energy resources this winter,” Koretsky wrote on his Facebook page on Thursday.
He expressed his gratitude to the management of Ukrgasbank and the government for their support.
As reported, on July 23, PrivatBank provided Naftogaz with the same loan of UAH 4.7 billion, which was the first for the company and the largest energy loan from the bank since the start of the war.
Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank to fill its underground gas storage facilities with the required volumes of gas, said Serhiy Koretsky, Chairman of the Board of Naftogaz of Ukraine Sergiy Koretsky.
“Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank. The funds were used to build up the necessary gas reserves in underground storage facilities for a sustainable heating season,” Koretsky wrote on Facebook on Wednesday.
He noted that cooperation with international financial organizations and partner countries is ongoing.
“I am grateful to the management of PrivatBank for the quick response to our request. I thank the Government for supporting our efforts to prepare for the winter,” said the head of Naftogaz.
The company indicated that it is diversifying sources and routes of gas supply to increase Ukraine’s energy security and resilience in a full-scale war.
As reported, in the spring of 2025, Naftogaz announced its intention to use a EUR 270 million loan from the European Bank for Reconstruction and Development (EBRD) and EUR 140 million in grant funding provided by the Norwegian government through the NORAD fund for the urgent purchase of 1 billion cubic meters of gas. The company has also contracted 440 million cubic meters of liquefied natural gas (LNG) from the Polish concern ORLEN.
Ukrgazvydobuvannya, part of the Naftogaz group, has commissioned a new high-yield exploration well with a flow rate of 383,000 cubic meters of natural gas per day.
This was reported in a press release of the group with reference to the chairman of the board of Naftogaz of Ukraine, Serhiy Koretsky.
“This result is a joint achievement of all divisions of Ukrgazvydobuvannya that were involved in the design, drilling, and development.
I would like to thank everyone who worked on this well. Step by step, we are strengthening our own production,” he said.
The well is inclined, with a depth of almost 5.7 km. All work, from drilling to commissioning, was completed a month and a half ahead of schedule.
According to Naftogaz, two more exploration wells are currently being drilled at the same field, and three more are planned to start drilling in the near future.
As reported, Ukrgazvydobuvannya set a new drilling record in January-March 2025, reaching 107,136 meters, which is almost twice as much as in the same period of 2024 and exceeds the previous quarterly maximum recorded in the third quarter of 2024 (102,866 meters).
Naftogaz Group is already sending a payment request to Gazprom to recover $1.37 billion in accordance with the Final Award of the international arbitration in Zurich received by the company on June 20, 2025.
“If Gazprom refuses to comply with the decision voluntarily, Naftogaz will start implementing a strategy for the enforcement of the Russian company’s assets,” the company said in a press release on Tuesday.
As explained by the group, the amount of $1.37 includes the principal debt for gas transit services under the 2019 agreement, as well as penalties and compensation for all legal costs incurred by Naftogaz.
At the same time, the Group continues to enforce another arbitral award – on payment of $5 billion in compensation to the Russian Federation for the illegal expropriation of assets in Crimea in 2014.
“The enforcement process is ongoing at various stages in ten jurisdictions. In Finland and France, there are already first results – Russian property has been seized. In other countries, the work continues,” Naftogaz said.
For reasons of legal strategy, the company is not disclosing additional details at this time.
In most jurisdictions, the interests of Naftogaz are represented by leading local law firms free of charge, on a pro bono basis.
As reported with reference to Naftogaz CEO Serhiy Koretsky, the international arbitration tribunal, which considered in Switzerland the case of Gazprom’s violation of its contractual obligations on the take-or-pay principle, ordered the Russian corporation to pay $1.37 billion in favor of Naftogaz of Ukraine.
“In September 2022, Naftogaz initiated arbitration, which Gazprom tried to block through Russian courts. This did not work. Now we have the final decision: the tribunal of arbitrators from Sweden, Switzerland and Israel completely sided with Naftogaz,” Koretsky wrote on his Facebook page on Monday evening.
He reminded that Gazprom had violated its contractual obligations under the take-or-pay principle since May 2022 by stopping payments.
In May 2025, Naftogaz group companies paid over UAH 7.8 billion in taxes, fees, and mandatory payments to the budget, the company reported.
“Of these funds, UAH 7.2 billion was transferred to the state budget and UAH 640 million to local budgets,” the company said in a statement on its website on Wednesday.
According to the group’s estimates, total tax revenues from its companies since the beginning of this year amounted to UAH 38.1 billion.
“Naftogaz remains one of Ukraine’s largest taxpayers, ensuring the country’s financial stability amid war and difficult economic challenges. The amount of taxes paid is not just a number for us. These are real actions that support our state,” commented Naftogaz CEO Serhiy Koretsky.
As reported, in April 2025, Naftogaz paid UAH 7.1 billion in taxes, of which the group transferred UAH 6.4 billion to the state budget and UAH 692 million to local budgets.
In January-April 2025, Naftogaz Group companies paid ₴30.3 billion in taxes, which is more than in the same period of 2024, when ₴28.4 billion was paid.
“In April 2025, ₴7.1 billion was paid. Of this amount, the group transferred ₴6.4 billion to the state budget and ₴692 million to local budgets,” the company said on Monday.
As emphasized by Naftogaz CEO Roman Chumak, the group’s enterprises demonstrate stable tax payment dynamics, contributing to the country’s financial stability.
“Since the beginning of the year, the group has provided 7.6% of all tax revenues to the budget,” he said.
As reported, the net profit of the Naftogaz group for 2024 amounted to almost UAH 38 billion. According to last year’s results, the group’s enterprises paid UAH 88.6 billion in taxes to the general budget, of which UAH 81.8 billion went to the state budget and UAH 6.8 billion to local budgets.
In addition, Naftogaz of Ukraine paid UAH 15.7 billion in dividends to the state in 2024.
