Norway will fund the purchase of gas for Ukraine in the amount of USD 195 mn

The Kingdom of Norway signed an agreement on providing Ukraine with funding in the amount of NOK 2 bn (that is approximately USD 195 mn) to purchase natural gas this winter – Naftogaz Group will be the formal recipient of this fuel.

The funding will be allocated through the European Bank for Reconstruction and Development (EBRD). All payments will be exercised directly to European gas suppliers.

We are very grateful to our partners who have supported Ukraine in such a difficult time for our country. The 2022/2023 heating season may turn out to be the most difficult in the entire modern history of our state. However, I am sure that thanks to our experts, their hard work, as well as the support of our allies, we will be able to pass it with dignity”, – noted the CEO of National Joint Stock Company “Naftogaz of Ukraine” Oleksiy Chernyshov.

According to the Norwegian government’s statement on the signing of the agreement, this amount part of NOK 10 bn package (approximately USD 976 mn) that Norway allocated to Ukraine for 2022 and 2023.

Please be reminded that Oleksiy Chernyshov held an online meeting with Gavin Gray, the head of the mission of the International Monetary Fund.

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