EBRD, Netherlands provide Naftogaz with €23 million gas purchase grant for winter demand
Ukraine is securing additional funding for natural gas purchases as pressure on its energy system persists ahead of peak winter demand. The €23 million grant is aimed at helping Naftogaz strengthen supply during the heating season while attacks on gas production infrastructure continue.
Highlights
- EBRD and Naftogaz signed a €23 million grant agreement funded by the Netherlands to purchase additional natural gas for peak winter demand.
- The grant supports Ukraine's energy sector as attacks on gas infrastructure continue, aiming to bolster system resilience and a stable heating season.
- Since Russia's 2022 invasion, EBRD has deployed over €3.6 billion to support Ukraine's energy security, with the current grant building on prior initiatives.
Winter gas funding and purchase plan
As reported by the EBRD, the European Bank for Reconstruction and Development and Naftogaz Group have signed a €23 million grant agreement funded by the Government of the Netherlands. Naftogaz will use the money to buy additional natural gas during periods of peak demand, supporting supply during the winter heating season.The grant is part of Dutch support for Ukraine’s energy sector. Arvid Tuerkner, EBRD managing director for Ukraine and Moldova, says the Netherlands has been a steadfast partner to the bank in efforts to safeguard Ukraine’s energy security, adding that the contribution comes alongside the EBRD’s own financing for gas purchases.
Energy security support amid infrastructure attacks
The funding comes as attacks on gas production infrastructure continue to strain Ukraine’s energy system. Sergii Fedorenko, acting CEO of Naftogaz Group, says additional financing for gas purchases will strengthen system resilience and help ensure a stable heating season for households.The Dutch grant also builds on the EBRD’s broader work with Naftogaz to replenish Ukraine’s gas reserves. Since Russia’s full-scale invasion in 2022, the bank has deployed more than €3.6 billion to support Ukraine’s energy security.
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