Naftogaz, ORLEN ink $500 mln LNG and fuel deal – CEO
The Naftogaz Group and Polish company ORLEN have signed memoranda on supplying additional LNG cargoes to Ukraine in 2027 and purchasing petroleum products worth $500 million, acting Chair of the Management Board of NJSC Naftogaz Ukrainy Serhiy Fedorenko said.
Naftogaz Group and Polish firm ORLEN have entered a significant agreement worth $500 million, involving the supply of LNG cargoes to Ukraine in 2027 and the purchase of petroleum products, according to Naftogaz's CEO Serhiy Fedorenko. The partnership, which builds on their earlier collaboration at the Carpathian 8 Summit, includes Naftogaz supplying three LNG cargoes in the first quarter of next year.
Additionally, Ukrnafta, a subsidiary of Naftogaz, will purchase petroleum products up to the $500 million mark, as reported on Monday by Fedorenko on Facebook. This deal is crucial in the face of persistent Russian attacks on Ukrainian production facilities, potentially bolstering the stability of the Ukrainian petroleum products market amidst the crisis caused by the Middle East conflicts.
Fedorenko also highlighted discussions on supplying Ukrainian crude oil for refining in Central Europe and the possibility of transferring used fuel tankers to Ukraine, which could help mitigate losses and enhance petroleum products logistics. ORLEN CEO Ireneusz Fąfara emphasized that the partnership with Naftogaz is long-term and mutually beneficial, asserting that cooperation with Ukraine is integral to ORLEN's strategy for ensuring energy security in Central and Eastern Europe.
The recent delivery of nearly 100 million cubic meters of U.S. LNG to Ukraine in January was a testament to this commitment.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
