Project Description
The proposed project consists of up to one year trade finance facility of up to US$200 million (“Facility”), to cover importation of natural gas to Ukraine during the winter season of 2015-2016 by the state-owned National Joint Stock Company Naftogaz of Ukraine (“Naftogaz”). The Facility will be used to finance the deliveries of ENGIE, major European supplier of natural gas, under their natural gas supply framework contract with Naftogaz.
The Facility would provide support to a vitally important industry in the country by contributing to the supply of energy, essential for the functioning of the economy, industrial companies, utilities, and for the well-being and protection of residential customers.