15:19 17.12.2015

Noble Clean Fuels, ENGIE to supply gas to Naftogaz using EBRD funds

2 min read
Noble Clean Fuels, ENGIE to supply gas to Naftogaz using EBRD funds

Britain's Noble Clean Fuels Ltd and France's ENGIE SA have won first three tenders to supply gas to national joint-stock company Naftogaz Ukrainy using funds provided by the European Bank for Reconstruction and Development (EBRD), the press service of Naftogaz Ukrainy has reported.

"Naftogaz and EBRD successfully finished first three tenders to supply gas to Ukraine using the bank's funds. The winners of the tenders selected in terms of the lowest price will supply gas to Ukraine in December and January… The winner of the two tenders is Noble Clean Fuels and ENGIE won the third tender. The two winners of the current suppliers of gas for Naftogaz Ukrainy," the holding said.

Naftogaz said that the average price of gas was lower than the price foreseen in the current conditions with Russia's Gazprom.

"The spread compared to the prices on German gas hubs (markets), which Naftogaz Ukrainy uses as one of the key benchmarks, was slightly higher than the average indicator for gas purchases by Naftogaz Ukrainy under the usual procedure for own funds," the company said.

The fourth tender was declared invalid, as the spread for the bids was considerably higher than the average indicator for gas purchases by Naftogaz under the usual procedure for own funds.

Naftogaz said that the new tenders will be announced later.

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