The government is looking for €2bn for gas: Svyrydenko announces shortage due to shelling of storage facilities

The government is looking for €2 billion for gas. Illustrative photo: Ukrtransgaz

Ukraine needs about two billion euros for additional natural gas imports after Russian shelling damaged some gas storage facilities. Despite the fact that 13.2 billion cubic metres of gas are currently stored in underground storage facilities, the situation remains tense.

This was announced on 24 October during an hour of questions to the government in the Verkhovna Rada by Prime Minister Yuliia Svyrydenko, according to «Suspilne».

According to her, the necessary funds are planned to be raised from two sources: internal reserves and assistance from international partners.

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«The internal reserve is the reserve fund, from which we actually allocated funds yesterday, and it is also the financing of the banking sector of Ukraine for the activities of the company «Naftogaz», the head of government clarified.

The second part of the funding includes grants and loans from Ukraine's partners. In particular, the government is negotiating with the European Bank for Reconstruction and Development and the European Investment Bank.

She also said that Norway is providing Ukraine with a $150 million grant, and Germany will allocate €60 million to a special fund to support the energy sector. These funds will be used to purchase additional volumes of gas.

The energy situation in Ukraine

On the night of 3 October, the Russian army carried out the most powerful attack on gas production facilities of Naftogaz of Ukraine since the beginning of the full-scale invasion.

A few days later, Prime Minister Yuliia Svyrydenko said that Russia's massive attack on the night of 10 October was one of the largest concentrated strikes on Ukrainian energy facilities. The shelling caused significant damage to energy infrastructure in several regions of the country.

Earlier, Bloomberg reported that Russian strikes had destroyed 60% of Ukraine's gas production before the winter. If the shelling continues, Ukraine may be forced to import about 4.4 billion cubic metres of gas by the end of March 2026.

Ukraine's Energy Minister Svitlana Hrynchuk has already said that due to the shelling of energy infrastructure, Ukraine will increase gas imports by 30%. At the same time, the government extended the fixed gas price for Ukrainians for another year.

Later, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas said during a joint press conference with Ukrainian Foreign Minister Andrii Sybiha that the Union plans to provide Ukraine with another €100 million in aid to prepare for the winter period.

As a reminder, Mykolaiv is also preparing for the heating season, taking into account possible attacks on its energy and gas transmission infrastructure. Mayor Oleksandr Sienkevych urged the townspeople to be prepared for the most difficult scenarios, as Russian attacks on the energy system could be repeated. Read more about this in the article NikVesti: «This winter may be more difficult»: How Mykolaiv is preparing for the heating season».