Naftogas looks for financing for gas purchase for next winter

​Large financial institutions from the West will help Naftogas.

Naftogas is already working on the attraction of investment to finance gas loading next winter, the head of the Ukrainian Energy state company for Development, Y. Vitrenko, said.

According to him, Naftogas acts in cooperation with Goldman Sachs bank with the support of the US Government financial institution and a member of the World Bank group IFC.

This project is important for the Ukraine as an example of attraction of private investment when the Ukrainian risks are secured by the US Government agency as well as of cooperation of private investment banks with international financial organizations, Vitrenko said.

The head of Naftogas, A. Kobolev, said that the company would complete the season of gas collection and would start gas loading into its storage facilities. Taking into account higher reserves compared with 2015, it is planned to load less gas in the autumn-winter 2016 than in 2015, he said.

As of March 26th 2016, gas reserves at the underground gas storages made up 8.7 bln cubic m, by 13.1% more than as of March 26th 2015 (7.7 bln cubic m).