You're reading: New Europe: Ukraine’s Naftogaz to boost energy independence, efficiency with EU help

New Europe: Ukraine’s Naftogaz to boost energy independence, efficiency with EU help

By New Europe.
A gas pumping station in Poltava Oblast, belonging to state-owned gas producer Ukrgasvydobuvannya, a subsidiary of state oil and gas firm Naftogaz on May 3, 2017.
Photo by Kostyantyn Chernichkin

Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor, the European Bank for Reconstruction and Development (EBRD), raising €51.9 million to develop gas production and improve energy efficiency.

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