Ukraine Gas Supply Security Facility

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The development objective of the Gas Supply Security Facility Project for Ukraine is to enhance Naftogaz’s ability to increase Ukraine’s security of gas supply, by facilitating access to cost-effective financing and improving the terms of the gas supply contracts supported under the project. The project is composed of one investment project financing (IPF) component, support for Naftogaz’s gas purchases. The component is supported by an International Bank for Reconstruction and Development (IBRD) payment guarantee amounting to the Euro equivalent7 of United States (U.S.) 500 million dollars, in support of Naftogaz gas purchases from suppliers which will meet eligibility criteria, including Naftogaz’s current Eastern and Western gas suppliers.