USAID provided Ukrgazvydobuvannya with 6,000 tons of methanol worth €4 million

The United States Agency for International Development (USAID), through the USAID Energy Security Project (ESP), delivered more than 6,000 tons of methanol worth over EUR 4 mln to Ukrgasvydobuvannya JSC. According to UGV, the methanol purchased by USAID helps to ensure the production of Ukrainian gas for the needs of households, companies, and industrial consumers.

The UGV notes that amid Russia’s full-scale invasion when most methanol suppliers stopped their work, USAID helped Ukraine to establish a new supply route for methanol from the European Union.

"Assistance to Ukrgasvydobuvannya, which produces 70% of Ukrainian gas, is a significant contribution of USAID to the stable gas supply of domestic production to Ukraine. The methanol provided by USAID to Ukrgasvydobuvannya is enough to satisfy 20% of the company’s annual needs," the company reported.

“Methanol is critically important for Ukrgasvydobuvannya. Ukrgasvydobuvannya needs approximately 28,000 tons of methanol annually to prevent hydrating in wells and pipelines during natural gas production and transportation and testing the new and re-entry of the old gas wells. USAID assistance facilitates domestic gas production and will help keep production volume at the expected level, which is critical for reliable gas supply. This aid will additionally support uninterrupted gas production and contribute to the accumulation of strategic methanol reserves,” Justin Goonesinghe, Gas Sector Lead of the USAID Energy Security Project (ESP), said.

USAID notes that Ukraine plays an important role in the European gas market: it occupies a leading position in Europe regarding the capacity of underground gas storage facilities and the volume of gas production. USAID will continue to assist the country’s gas production sector and provide domestically produced natural gas to the population, DH companies, and industrial consumers.