Naftogaz Ukrainy in July started importing gas through its Swiss subsidiary Naftogaz Trading Europe S.A. (NGTE, formerly Naftogaz Overseas), according to OilNews, with reference to data from A-95 Consulting Group (Kyiv).

At the same time, according to the edition, the volume of gas delivered under such a scheme in mid-July amounted to about 7 million cubic meters.

As reported, Naftogaz Ukrainy plans in 2017 to import 1.7 billion cubic meters of gas, or 20% of the plan (8.5 billion cubic meters), through its Swiss subsidiary Naftogaz Trading Europe S.A..

According to the Naftogaz financial plan for 2017, NGTE's strategy for 2017-2020 provides for the implementation through it of all purchases of imported gas, except for purchases under loan agreements with international financial organizations.

This will allow Naftogaz to enter European gas hubs and exchanges, attract trade financing from European banks, optimize its portfolio of contracts and assets in the European gas market.