EBRD PLANNING TO SUPPORT UKRAINE GALNAFTOGAS, DESPITE CRISIS OVER GAS SUPPLIES
January 1st, 2009
BY KEITH NUTHALL
THE COMPANY at the heart of the row between Ukraine and Russia over the alleged tapping of European gas supplies is being considered for a US$110 million loan from the European Bank for Reconstruction & Development (EBRD). It is assessing an application from Galnaftogas for a loan backing its acquisition and capital expenditure programme, which would include the development of a nationwide compressed natural gas (CNG) station network.
ENDS
THE COMPANY at the heart of the row between Ukraine and Russia over the alleged tapping of European gas supplies is being considered for a US$110 million loan from the European Bank for Reconstruction & Development (EBRD). It is assessing an application from Galnaftogas for a loan backing its acquisition and capital expenditure programme, which would include the development of a nationwide compressed natural gas (CNG) station network.
ENDS
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