Sergii Koretskyi, Chief Executive Officer of Naftogaz, together with the company's Supervisory Board, held a meeting with the International Monetary Fund mission.

During the conversation, the parties discussed Naftogaz Group preparations for the upcoming heating season, in particular the steps to import additional gas volumes and form sufficient reserves in underground gas storage facilities.

Sergii Koretskyi commented:
"Special attention was given to the consequences of Russia’s systematic attacks on civilian gas infrastructure, taking into account the threat of repeated terrorist strikes. We outlined the measures that we, together with our partners, are taking to strengthen the resilience of our energy system. Support from international financial institutions is extremely important for a successful passage through the winter.”

In August this year, Naftogaz and the European Bank for Reconstruction and Development signed a landmark agreement for a €500 million revolving loan. This is the largest project the EBRD has ever signed in Ukraine and one of the largest in the Bank’s history overall.

Naftogaz Group will purchase gas on competitive terms from more than 30 prequalified suppliers. Contracts will be concluded in accordance with the standards of the European Federation of Energy Traders (EFET), an organization that unites over 120 European companies and aims to increase the transparency and efficiency of the European energy market, promote competition, and ensure reliable energy supply.

KeyFacts Energy: Naftogaz Ukraine country profile