Naftogaz Group has signed a €127 million investment grant agreement with the European Investment Bank (EIB). The funds, provided by the European Union with the financial support of the Government of Norway, will be used to purchase natural gas for the upcoming heating season.

“This is an important and, above all, timely support that will help ensure stable gas supply during the heating season. We are grateful to the European Commission, the Government of Norway, and the EIB. Special thanks go to the President of Ukraine and our Government for making this assistance possible,” said Sergii Koretskyi, Chief Executive Officer of Naftogaz.

The financing is provided through the Ukraine Investment Framework (UIF) — a mechanism established to mobilize public and private investment for Ukraine’s recovery and reconstruction in response to Russia’s aggression.

"The €127 million EU grant to Naftogaz, on top of the €300 million EIB loan already signed and fully disbursed in October, reflects the EU’s shared understanding of urgency and our ability to act fast. Together, as Team Europe, we are helping to strengthen Ukraine’s energy resilience and keep essential services running amid ongoing Russian attacks. Naftogaz’s commitment to reinvest in renewables and decarbonisation also points the way towards a cleaner and more resilient energy future,” said EIB Vice-President Teresa Czerwińska, who oversees the Bank’s operations in Ukraine.

UIF is part of the Ukraine Facility, the EU’s main instrument for civilian support to Ukraine. For the first time, Norway is channeling its assistance directly through this mechanism.The arrangement reflects the rapid and coordinated Team Europe response to support Ukraine’s urgent energy needs.

About Naftogaz

Naftogaz is the national oil and gas company of Ukraine, which was established in 1998. Headquartered in Kyiv, the company covers a full range of activities in the oil and gas business including: production and refinery; transportation and storage; wholesale trade and distribution as well as technical support.

About EIB

The European Investment Bank (EIB) is the lending arm of the European Union. We are one of the biggest multilateral financial institutions in the world and one of the largest providers of climate finance.