EBRD, Naftogaz-Ukraine sign treaty on cooperation to reduce methane emissions

Source : 112 Ukraine

The EBRD considers the provision of the loan in the sum of 52 million Euros to UkrGazVydobuvannya company
20:28, 12 November 2018

Open source

Naftogaz-Ukraine company and Ministry of Ecology of Ukraine have signed a memorandum on the cooperation in the sphere of the reduction of methane emissions with the European Bank for Reconstruction and Development (EBRD). The document was signed on November 12 as the press service of the EBRD reported.

It is reported that within the memorandum, the sides are obliged to work out the program on the reduction of the emissions, which will include the implementation of the modern methods of the measurement of the emissions, modernization of the system of the inventory of the emission and the work out of the roadmap of the investments.

Related: Ecological disaster in Donbas is threat to whole Europe, - Interior Minister

Besides, the EBRD has begun to consider the issue of the provision of the credit in the sum of 52 million euro to "UkrGazVydobuvannya" for the purchase of the equipment for the recovery of the warmth during the gas processing and reduction of the emissions of the carbon dioxide.

"The investments will be preceded by the diagnostics of the current situation, detection of the clear procedures of the monitoring, reports and checks," Terry McCallion, the Director, Energy Efficiency and Climate Change at EBRD claimed during the signing of the memorandum. He also specified that the decision on the allocation of the credit will be made until the end of 2018.

Related: Court partially rejects ecologists' claim against Nord Stream 2

As we reported, Ukraine can lose about 5,000 hectares of land in the favor of Poland due to the erosion of the coast of Western Bug, which is being eroded without the riverbank consolidation.

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