Naftogaz of Ukraine gets USD 500mln guarantees from government

The National Joint Stock Company Naftogaz of Ukraine received state guarantees from the government to attracting loans of the World Bank on purchasing natural gas for the country's needs. The amount is aimed at creating stabilizing energy fund to secure Autumn-Winter challenges for the economy, told Stepan Kubiv the first vice prime minister of Ukraine. To note, current heating season started with 14.7bn cubic meters of gas in storage compared to 17.1bn in last season. The usage rates are quite high, for instance from October 15 until November 27 Ukraine used 1bn cubic meters of natural gas of gas holders, accounting to 7% of the gas storage.