EBRD, Ukraine sign memorandum on reducing methane emissions in gas sector

The EBRD, Ukraine’s national energy company Naftogaz and Ukraine’s Ministry of Ecology and Natural Resources agreed to work together to reduce methane emissions in Ukraine’s gas sector.

The document was signed by EBRD’s Director for Energy Efficiency and Climate Change Terry McCallion, CEO of Naftogaz Andriy Kobolev and Environment Minister Ostap Semerak during the International Energy Forum in Kyiv.

The three parties will develop a national initiative — «Methane Emissions Reduction Programme in the Gas Supply Chains» — that will include advanced measurement campaigns, an improved emissions inventory system and the development of an investment road map to significantly reduce methane fugitive emissions.

The EBRD is a major investor and supporter of sustainable energy in Ukraine. The EBRD’s revolving loan facility to Naftogaz has allowed Ukraine to secure critical gas imports since 2014. The EBRD is a strong promoter of Ukraine’s energy security and also one of the biggest investors in the country’s renewable energy (total investment exceeding 350 million to date in biogas, wind and solar power, hydroelectricity and biomass), as well as the main international financial institution which promotes nuclear safety in the country.

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