Naftogaz to receive €23M from the Netherlands for gas purchases

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Serhii Fedorenko, acting chairman of the board of Naftogaz of Ukraine, announced this on Facebook , according to Ukrinform. “Naftogaz Group has signed a grant agreement with the EBRD for €23 million in funding from the Dutch government. The funds will be used to purchase additional volumes of gas during periods of peak demand,” Fedorenko wrote. He noted that the grant is part of the Netherlands’ continued support for Ukraine’s energy sector. Read also: Naftogaz and the US State Department Sign Memorandum of Cooperation “Ukraine entered the heating season with sufficient gas reserves in storage. Greater import capacity during periods of peak demand will provide the system with an additional margin of resilience over the winter,” Fedorenko added.