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Ukraine's Naftogaz Secures Record €500mn EBRD Loan to Boost Gas Purchases
The €500 million loan will finance emergency gas purchases to replenish Ukraine's lowest gas reserves in over a decade amid intensified Russian attacks, the European Commission said.
- On Wednesday, Naftogaz Ukrainy and the EBRD signed a EUR 500 million revolving credit agreement guaranteed 90% by the European Commission under the Ukraine Investment Framework.
- In the first half of 2025, Russian attacks on energy infrastructure resulted in nearly 50% loss of gas production at Ukrgasvydobuvannya, stressing Ukraine's reserves.
- Ukraine’s gas storage facilities are 32% full with just over 10 billion cubic meters, at their lowest in over a decade, according to Expro consulting.
- The financing allows Naftogaz of Ukraine to finance emergency gas purchases, securing supply from more than 30 prequalified suppliers under EFET standards for the winter heating season.
- Upon reimbursement of the two-year loan, the European Bank for Reconstruction and Development and the European Commission will reallocate guarantee coverage to capital investment projects, including renewables, supporting the 40 billion Ukraine Investment Framework.
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14 Articles
The European Union will help Ukraine with a record loan of half a billion euros to replenish natural gas before winter. Storage levels are at their lowest in 12 years due to Russian attacks. The European Commission will guarantee 90 percent of the loan.
·Čestlice, Czechia
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Under the agreement, the Ukrainian state company Naftogaz will be able to finance the urgent purchase of natural gas.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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