Naftogas to be issued a $300 mln revolving loan by EBRR for gas purchase
Edited by Rhod Mackenzie / 2015-10-01 01:45:07
The European Bank for Reconstruction and Development has explained Naftogas the conditions of a loan issue for gas purchase for the winter 2015-2016.
The loan is revolving, e.g. automatically renewable.
The maximum is $300 mln.
The loan is issued for 3 years.
The Ukraine is to settle the loan right after the heating season is over, and after that Naftogas will be able to attract another $300 mln.
Gas volumes for which the loan is issued are not stipulated in the agreement – it is possible to buy as much as necessary, not by a single lot but at a series of auctions.
