Vattenfall and Trafigura to sell gas to Ukraine’s Naftogaz

19/07/2017 10:39 Natural Gas


Ukraine's Naftogaz intends to sign deals with two European companies, particularly Trafigura Trading, Sarl and Vattenfall Energy Trading GmbH, aiming the purchase of natural gas, as it seeks to divert from the Russian energy imports.

Naftogaz will be able to buy gas estimated at around 100.9 billion hryvnias under a contract with Transfigura, and through another agreement valued at 105.9 billion hryvnias ($4.1 billion) with Vattenfall.

Since the conflict with Russia concerning the annexation of Crimea in 2014, Ukraine has avoided to import gas from Russia. Naftogas focused instead on purchasing from 14 European sellers last year, acquisitions partly financed by the European Bank for Reconstruction and Development.

Ukraine imported 7 billion cubic meters of European gas and produced 10.3 billion cubic meters in the first half of the 2017.

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