Naftogaz Secures 3rd LNG Deal, Buying 100 Million Cubic Meters From Orlen

Ukraine’s state-owned gas giant Naftogaz and Poland’s oil company Orlen signed an agreement to supply 100 million cubic meters (mcm) more of liquefied natural gas (LNG). 

This marks the third contract under the companies’ long-term cooperation agreement signed in March, bringing the total contracted volume to 300 million cubic meters, the company’s Thursday, April 24 press release says.

“As we prepare for the next heating season, such contracts remain a key element of our strategy to diversify supply and bolster the country’s energy resilience,” the press release quotes Roman Chumak, Acting Chairman of the Board at Naftogaz of Ukraine.

Orlen will import LNG from the United States, regasify it at the Świnoujście terminal in Poland, and transport it through the Polish transmission system to the Ukrainian border.

The winter is barely over, but Ukraine is already bracing itself for the next one. 

To start preparing for the 2025 winter heating season, Ukraine’s state-owned gas giant, Naftogaz, secured €430 million ($489 million) from the European Bank of Reconstruction and Development (EBRD). 

Naftogaz-Orlen contracts to purchase LNG are another supply channel.

With reserves at historic lows, the government must spend up to $3.5 billion on gas imports and protective infrastructure. Otherwise, Ukrainians will lack gas for heating and business operations during the winter of 2025-2026.

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Hungarian Prime Minister Péter Magyar announced that Hungary and Ukraine have reached a “comprehensive agreement” to broaden language, cultural, educational and political rights for roughly 100,000 ethnic Hungarians in Ukraine’s Zakarpattia region, following several weeks of expert-level talks. Kyiv has pledged to write the agreed measures into Ukrainian law, reflecting them in the EU accession action plan. Budapest indicated it would support opening the first negotiating cluster for Ukraine.

Thus far, Naftogaz has purchased 1.5 billion cubic meters of gas at the beginning of 2025.

Ukraine has already restored about half of the domestic gas production capacity lost in 2025. Restoring the remaining part may take six to 18 months, as it requires specialized equipment and complex logistics, according to the Centre for Economic Strategy’s (CES) April economic review.