Naftogaz Group has secured a further provide of about 100 million cubic meters (3.53 billion cubic ft) of pure fuel from ORLEN SA.
“The fuel might be transported to Ukraine in April and might be used to create strategic fuel reserves, that are essential for Ukraine’s vitality safety and for making certain the secure passage of the following heating season”, Ukrainian state-owned oil and fuel firm Naftogaz mentioned in an internet assertion.
The brand new contract raises dedicated fuel deliveries for Ukraine below a current liquefied pure fuel (LNG) cooperation settlement between the businesses to round 200 million cubic meters.
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For the second contract, Poland’s majority state-owned ORLEN has procured an LNG cargo from the US and can regasify this for switch on the Polish-Ukrainian border, ORLEN mentioned individually.
“Steady fuel provides stay our high precedence”, Naftogaz performing chair Roman Chumak mentioned. “Cooperation with ORLEN expands Ukraine’s LNG import capability and enhances vitality safety.
“We’re diversifying provide sources to make sure a dependable and accessible fuel provide, particularly amid ongoing Russian assaults on our infrastructure”.
On March 7, Naftogaz mentioned its fuel manufacturing infrastructure had been attacked “for the seventeenth time, inflicting harm to crucial fuel manufacturing websites”.
“We’re working to mitigate the aftermath of the strikes and assess the harm”, Chumak mentioned then. “Naftogaz Group is taking all crucial steps to revive operations on the services broken within the assault. We’re doing, and can proceed to do, all the things potential to make sure the nation’s fuel provide regardless of ongoing threats”.
ORLEN chief government and president Ireneusz Fąfara mentioned in feedback in regards to the new contract, “We proceed to develop our buying and selling experience and leverage our expertise within the U.S. market, enabling us to supply engaging industrial phrases to our companions”.
“On the identical time, we’re proud to contribute to Ukraine’s vitality diversification, reinforcing our neighbor’s vitality safety”, Fąfara added.
Earlier this month the 2 firms introduced a memorandum of cooperation within the LNG sector to assist Ukraine diversify its vitality provide. The primary act of the settlement would be the sale by ORLEN of about 100 million cubic of fuel.
“The settlement is a framework association aimed toward strengthening cooperation to reinforce Ukraine’s vitality safety by means of the diversification of fuel provide sources and routes to the nation”, ORLEN mentioned March 7.
Robert Soszynski, vp of ORLEN’s administration board for operations, mentioned on the time, “Our relationship might be primarily based on industrial phrases, however securing a further supply of fuel is important for Ukraine additionally from the perspective of its safety”.
“It’s by means of diversification that ORLEN ensures secure and aggressive fuel provides for Polish customers and is usually a dependable associate for international counterparties”, Soszyński added.
Chumak mentioned, “Ukraine has a sturdy fuel transportation system and Europe’s largest underground storage services, providing distinctive alternatives for LNG market growth”.
“Partnering with ORLEN strengthens vitality safety, diversifies provide routes, and accelerates Ukraine’s integration into the European fuel market”, Chumak added.
To contact the writer, e-mail jov.onsat@rigzone.com
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