Finance
Ukraine's Naftogaz and Poland's Orlen to cooperate in LNG
Published by Global Banking & Finance Review®
Posted on March 7, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 7, 2025
1 min readLast updated: January 25, 2026
Naftogaz and Orlen partner in LNG to diversify Ukraine's gas supply, enhancing energy security amid Russian attacks on Ukrainian facilities.
KYIV (Reuters) - Ukrainian oil and gas company Naftogaz and Polish energy group Orlen signed an agreement on Friday to cooperate in the liquefied natural gas (LNG) sector and help Kyiv to diversify its gas supplies, the companies said.
They also agreed on a contract to supply 100 million cubic metres of natural gas to Ukraine, the statement said.
"Our relationship will be based on commercial terms, but securing an additional source of gas is vital for Ukraine also from the point of view of its security," said Robert Soszyński, Orlen's Vice president.
Ukraine's energy sector has been under attack since Russia's invasion in February 2022. So far this year the Russian forces have stepped up strikes on Ukrainian gas production and transit facilities.
The government plans to import up to 800 million cubic metres of gas from Europe to compensate for about 40% drop in production following the Russian strikes.
(Reporting by Olena Harmash; Editing by Tomasz Janowski)
Naftogaz and Orlen signed an agreement to cooperate in the liquefied natural gas (LNG) sector and to supply 100 million cubic metres of natural gas to Ukraine.
Securing an additional source of gas is vital for Ukraine from the point of view of its security, as stated by Orlen's Vice President Robert Soszyński.
Ukraine's energy sector has been under attack since Russia's invasion in February 2022, with increased strikes on Ukrainian gas production and transit facilities.
The Ukrainian government plans to import up to 800 million cubic metres of gas from Europe to compensate for a 40% drop in production following the Russian strikes.
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