757 Million Canadian Dollars For Gas And Another 200 Million For Energy: Shmyhal Reveals Details Of Agreements With Canada
Canada will provide Ukraine with credit guarantees worth 757 million Canadian dollars (around $547 million USD) for purchasing gas and building strategic fuel reserves ahead of the heating season. Another approximately $144 million USD will go toward preferential financing for priority projects in Ukraine. Ukrainian Energy Minister Denys Shmyhal announced this, UATV English reports. Of this sum,…
Ukrainian Energy Minister Denys Shmyhal revealed details of recent agreements between Ukraine and Canada, totaling 757 million Canadian dollars for gas purchases and energy infrastructure, alongside another 200 million Canadian dollars for priority projects. The money will come through the European Bank for Reconstruction and Development and Canada's Export Development Canada.
Shmyhal announced these agreements, which include emergency gas purchases, building fuel reserves, and hydropower projects. Additionally, Canada is exploring long-term liquefied natural gas supplies for Ukraine, with potential capacity up to 15 million tons per year. Canada will also contribute to Ukraine's Energy Support Fund and cooperate in the nuclear and uranium industries.
Written by urgent.news from UATV English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
