Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has signed an investment agreement with Energy Resources of Ukraine (ERU) on a joint exploration and production project in Ukraine.
Under a contract with Energy Resources of Ukraine (ERU), PGNiG will for the first time supply natural gas to Gas TSO of Ukraine. To date, PGNiG has already exported more than 3 bcm of natural gas to Ukraine.
Energy Resources of Ukraine Group (ERU Group) has extended its 20-year political risk insurance (PRI) contract with the U.S. International Development Finance Corporation (DFC), expanding the coverage from USD 38 million to USD 100 million.
The first-ever reverse delivery of natural gas from the Adriatic coast to Ukraine was carried out by ERU TRADING today. The purchase of gas took place in Greece and the fuel was transported to Ukraine via the gas-transport systems of Greece and Romania. These are test deliveries aimed at the needs of the domestic market, but the main goal is the possibility of further access to the Revithoussa LNG Terminal. This increases the diversification of gas supplies on the European continent and strengthens Ukraine's position as an Eastern European energy hub.
July 1, 2020, on the basis of the trilateral agreement between "Moldovatransgaz" LLC, "Moldovagaz" JSC and ERU Management Services LLC, which is part of the ERU Group, the first supply of natural gas to Romania with Moldova being a transit country took place. Historically, this route was used solely by Russia's Gazprom.
Energy Resources of Ukraine Group (ERU Group) has recently signed an Amended and Restated Political Risk Insurance (PRI) Contract with the newly formed United States International Development Finance Corporation (DFC).
PGNiG has signed an agreement with ERU Management Services on cooperation in exploration and production of hydrocarbons in the western part of Ukraine, near the border with Poland.
Polish Oil and Gas Company (PGNiG) has purchased a cargo of liquefied natural gas from the US, and then – following regasification – sold the natural gas to Energy Resources of Ukraine (ERU). Thanks to the consistent expansion of the LNG supply portfolio PGNiG is able to offer natural gas to more customers.
ERU TRADING LLC, a subsidiary of US-based ERU Corporation, has imported electricity from Slovakia and Hungary for the first time in Ukraine's history within the so-called “Burshtyn energy island”. The maximum capacity of ERU’s electricity import is 130 MW. This achievement is a result of the cooperation of ERU, its European trading partners, the European commission and the proactive position of Ukrenergo’s management.
Mr. Andrew Favorov, one of the partners of the Energy Resources of Ukraine GC, accepted the offer of NAFTOGAZ OF UKRAINE NJSC to head the integrated gas division.
