HomeWorldThe EBRD will provide...

The EBRD will provide a loan for Naftogaz in the amount of 300 million euros

The European Bank for Reconstruction and Development will allocate 300 million euros to Naftogaz, the first 50 million already available for emergency gas purchases.

The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 300 million euros to help NJSC Naftogaz Ukrainy recover the loss of natural gas production following Russia’s invasion of Ukraine. This is stated on the bank’s website.

It was noted that the Ukrainian company uses the initial tranche of 50 million euros, which is already available, for emergency gas purchases in preparation for the next heating season.

The goal is to raise a total amount of 1 billion euros to buy up to 1 billion cubic meters of gas, which is important to ensure that there is enough gas in the system in the fall, as well as to ensure access to services for people. there the livelihood and economic security are under threat of war.

“The urgency is clear. Gas is needed: for the next heating season, to generate electricity, to support the economy more broadly. Gas replenishment must begin now to avoid serious consequences in the fall, ”said EBRD Vice President Alain Piloux.

The loan is part of a € 1 billion package the EBRD intends to use to finance projects in Ukraine to support its economy.

It will be recalled that Naftogaz of Ukraine had earlier signed a memorandum with Canadian Symbio Infrastructure on the supply of liquefied natural gas and “green” liquid hydrogen (LH2) from 2027.

News from Athletistic in the Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...

Russians were pushed to Constant and could be shot by a garden from artillery

The Russians have advanced towards Konstantinovka and are already shooting from artillery Ukrainian positions near the city. This is indicated in the report of the Institute of Military Research (ISW). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...