Ukraine tenders for summer gas

The country is tendering for supplies worth up to $300m for delivery this summer

State-owned utility Naftogaz Ukrainy is tendering for gas supplies worth up to $300m for delivery this summer, for storage injection. The Kiev-based company said 10 August that it “intends using the proceeds of a proposed trade finance loan from the European Bank for Reconstruction and Development for a project to bridge the gap between the purchase and sale of natural gas.” The gas will have to be bought now but Naftogaz will not receive any money until it is sold, some time this winter. Ukraine’s storage facilities are now a little less than half full, holding 13.5bn cm against potentially 32bn cm capacity.  The tender calls for gas to be delivered at Ukraine’s interconnections with the Eu