Ukraine’s state-owned Naftogaz Group has signed an settlement for the availability of pure gasoline from the State Oil Firm of Azerbaijan Republic (SOCAR) through the Transbalkan route.
“For the primary time, a check cargo of gasoline is being delivered by the Transbalkan route alongside the Bulgaria-Romania-Ukraine hall”, Naftogaz mentioned in a press release on-line.
It didn’t disclose the quantity however chief government Sergii Koretskyi mentioned, “This can be a small quantity however strategically necessary step that paves the best way for long-term cooperation”.
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“It’s also one other instance of diversifying provide sources and strengthening Ukraine’s power safety”, Koretskyi added.
Ukraine’s Vitality Ministry mentioned individually the Transbalkan community “is of outstanding significance for Ukraine, because it supplies entry to new gasoline sources: liquefied pure gasoline delivered from all over the world to Greek and Turkish LNG terminals; Azerbaijani gasoline transported through the TAP pipeline; in addition to Romanian and probably Bulgarian offshore gasoline manufacturing”.
The ministry mentioned Could the gasoline transmission operators of Ukraine, Bulgaria, Greece, Moldova and Romania agreed to allot the unused capability of the Transbalkan hall for the supply of gasoline to Ukraine at a “aggressive tariff”.
In different efforts to safe gasoline for Ukraine, Naftogaz mentioned final week it had signed loans totaling UAH 9.4 billion ($224.63 million) from native banks JSC CB PrivatBank and PJSC JSB Ukrgasbank, which dedicated UAH 4.7 billion every. “On the similar time, we proceed to work with worldwide monetary establishments and associate nations”, Koretskyi mentioned.
The funds will probably be used to inventory underground storage amenities for the 2025-26 heating season, Naftogaz mentioned.
Final April the European Financial institution for Reconstruction and Growth (EBRD) mentioned it had agreed to lend EUR 270 million ($312.71 million) to Naftogaz, complemented by a EUR 139 million grant from the Norwegian authorities. These will probably be used to purchase almost one billion cubic meters (35.31 billion cubic ft) of gasoline, Naftogaz mentioned individually on the time.
“Naftogaz has been the recipient of two earlier EBRD loans for a complete of EUR 500 million, backed by EUR 275 million in ensures from the USA, Norway, Germany, France, Canada and The Netherlands, and complemented by earlier grant finance from Norway of EUR 187 million for emergency gasoline purchases”, the EBRD mentioned April 25.
“The most recent settlement lifts EBRD finance for Naftogaz to EUR 770 million since 2022.
“Norway’s newest grant finance brings its complete wartime power sector-focused assist for Ukraine by the EBRD to EUR 460 million”.
On July 2 Naftogaz and ORLEN SA mentioned the Polish state-backed firm agreed to provide a further 140 million cubic meters of liquefied pure gasoline (LNG) from the USA to Ukraine.
That is the fourth LNG provide contract signed by the businesses this yr, bringing Naftogaz’s complete contracted gasoline volumes from ORLEN to 440 million cubic meters, Naftogaz mentioned.
The contracts are a part of a cooperation pact signed by ORLEN and Naftogaz final March to diversify Ukraine’s gasoline provide sources, ORLEN mentioned individually.
Presently Ukraine’s storage amenities maintain 51.52 terawatt hours of gasoline, or are 16.04 p.c full, in response to the web monitoring dashboard of the European Community of Transmission System Operators for Gasoline, which makes use of GIE AGSI knowledge.
To contact the writer, e mail jov.onsat@rigzone.com
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