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Naftogaz to tap $300 million EBRD loan to pay for natural gas imports
Journal Staff Report

KIEV, May 16 - Ukraines national energy company Naftogaz Ukrayiny will tap a $300 million loan from the European Bank for Reconstruction and Development for natural gas imports later this year, the company said Tuesday.

The 3-year revolving loan program is aimed at helping Ukraine secure sufficient supplies of natural gas ahead of high-demand season that begins in October.

Naftogaz used the loan during the past two years, each time repaying the debt before tapping the next.




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