10:15 15.12.2017

ERU first supplies batch of gas from U.S. to Ukraine

ERU first supplies batch of gas from U.S. to Ukraine

The ERU Group has imported around 70 million cubic meters (mcm) of gas from the United States to Ukraine via the Świnoujście LNG terminal in Poland, the co-owner of the group, Andriy Favorov, has told Interfax-Ukraine.

"Yes, we have received LNG via a terminal in Poland. The amount is around 70 mcm," he said.

Favorov said that purchase of gas is secured by OPIC.

He did not specify the price of gas.

He said that some amount of gas from the United States has been sold to Ukrainian consumers and some amount was pumped into underground gas storage facilities.

"We sold some gas to consumers, some gas at a tender to Ukrtransgaz and we store some gas in storage facilities. We manage the portfolio," he said.

As reported, the Overseas Private Investment Corporation (OPIC), an U.S. Government agency, provided guarantees for a $38 million loan to Energy Resources of Ukraine (ERU) to purchase gas, including its imports from the United States.

ERU Group belongs to Favorov, Dale Perry and Yaroslav Mudriy.

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