Norway to give Ukraine $100 million to buy gas
Express newspaper
15/08/2025 19:55
Norway will allocate almost $100 million to Ukraine to purchase natural gas, Naftogaz CEO Sergey Koretsky announced.
“The Norwegian government is providing 1 billion Norwegian kroner ($98.3 million) for gas imports to meet the needs of the 2025-2026 heating season,” he wrote on his Telegram channel.
He noted that the Norwegian loan will help Ukrainians survive the winter cold and strengthen the country’s energy security.
On August 13, Ukrainian Prime Minister Yulia Svyrydenko announced the signing of an agreement between Naftogaz and the European Bank for Reconstruction and Development (EBRD) for a €500 million loan for the purchase of gas under EU guarantees without a Ukrainian state guarantee.
A week ago, Ukrainian consulting company EXPRO reported that gas reserves in Ukraine’s underground storage facilities remain at their lowest level in 12 years. They are 32.3% full, which is about 10 billion cubic meters.
The country’s Energy Ministry estimates that by November 1, 13.2 billion cubic meters should be in storage in order for the heating season to pass without problems. According to EXPRO, domestic production will not cover the required volume of stocks and “Ukraine will have to import about 1.7 billion cubic meters of gas during August-October.”