www.ebrd.com Netherlands Grants €23M to Naftogaz for Winter Gas Purchases Amid Ongoing Attacks
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- •Naftogaz received a €23 million grant from the Netherlands for gas purchases.
- •Over 400 attacks on Naftogaz facilities have been reported since the invasion began.
- •The funding aims to ensure sufficient gas supplies during peak winter demand.
Naftogaz, Ukraine's state oil and gas company, has secured a €23 million grant from the Netherlands, facilitated by the EBRD, to purchase additional natural gas for the winter heating season. This funding aims to bolster Ukraine's energy security as Russian attacks on gas infrastructure continue, with over 400 attacks reported on Naftogaz facilities since the onset of the full-scale invasion. The grant will help Naftogaz manage peak demand periods and ensure sufficient heating supplies during winter. Naftogaz is preparing for a challenging heating season, having developed 24 scenarios to address potential strikes and supply issues. The EBRD has supported Ukraine's energy sector with over €3.6 billion since the invasion began, emphasizing the need for resilience in the face of ongoing threats.
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