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Naftogaz to receive €23M from the Netherlands for gas purchases

Naftogaz Group has signed an agreement under which the Netherlands will provide €23 million through the European Bank for Reconstruction and Development (EBRD) to fund additional gas purchases.

Naftogaz to receive €23M from the Netherlands for gas purchases

Naftogaz, Ukraine's national gas company, is set to receive a €23 million grant from the Netherlands, according to acting chairman Serhii Fedorenko. The funding, announced on Facebook, comes from the EBRD and will be used to purchase additional gas during peak demand periods. This grant is part of the Netherlands' ongoing support for Ukraine's energy sector, ensuring greater resilience during the winter season.

Earlier this year, Naftogaz signed memorandums with both Poland's ORLEN and the US State Department to enhance energy security and diversify energy supply routes.

Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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