KIEV, Nov. 8 – National joint-stock company Naftogaz Ukrayiny hopes to agree the key conditions for further financing of gas pumping to Ukrainian underground storage facilities secured by the Overseas Private Investment Corporation, a U.S. government agency, by the end of this year, Naftogaz Commercial Director Yuriy Vitrenko has said.

"All details will be fixed in documents finally and we hope it will happen by the end of the year," he told reporters in Kiev on Tuesday.

Vitrenko said that under the project the U.S. will create a Special Purpose Vehicle (SPV) that would buy gas in summer (mainly imported), pump it to underground storage facilities and sell to Naftogaz Ukrayiny in winter.