Overview

• Bloomberg reports that strikes on October 3 in Kharkiv and Poltava wiped out more than 60% of Ukraine’s gas production capacity.
• Naftogaz says many production sites were heavily damaged, with some hit critically, calling the assault the most extensive on gas infrastructure since February 2022.
• Ukraine is expected to spend about €1.9 billion on additional fuel imports to get through the winter, with a potential need to buy roughly 4.4 bcm more by the end of March 2026 if attacks continue, according to Bloomberg.
• Naftogaz secured a 3 billion hryvnia (about $72.6 million) loan from state-owned Oschadbank for gas purchases and earlier signed a €300 million credit agreement with the European Investment Bank.
• The company is seeking further funding at home and abroad as officials outline increased import plans, with President Volodymyr Zelenskyy describing imports as a fallback and the energy ministry targeting a 30% rise in volumes.