On September 6, NJSC Naftogaz of Ukraine has announced the procurement of natural gas for deliveries to Ukraine from the EU countries by using the proceeds of loan from EBRD.

The general procurement notice was published on the company’s website.

“Joint Stock Company “National Joint Stock Company “Naftogaz of Ukraine” intends using the proceeds of loan from the European Bank for Reconstruction and Development (the Bank) for a project to bridge the gap between the purchase and sale of natural gas,” the notice reads.

The project, which has a total estimated cost of up to EUR 120 million, will involve the procurement of natural gas for deliveries via Ukraine’s interconnections with the European Union.

Tendering for the above contracts is expected to begin in fourth quarter 2019. Prequalification for the above contracts is expected to begin late third quarter of 2019.

Contracts to be financed with the proceeds of the loan from the Bank will be subject to the Bank’s Procurement Policies and Rules, will be based on the standard procurement procedures and practices applied to the procurement of gas in the European Union and will be open to firms from any country.

The proceeds of the Bank’s loan will not be used for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law of official regulation of the Purchaser’s country.





Source link