ORLEN and Naftogaz to deepen strategic cooperation
ORLEN and its Ukrainian counterpart, Naftogaz Group, are expanding their strategic partnership. The two companies have signed a memorandum of understanding to cooperate in upstream exploration, downstream development, and the reinforcement of cross-border relations and commercial ties. The envisaged cooperation will bolster Ukraine’s energy security by broadening the diversification of its supply sources – not only for natural gas, but also for crude oil – while opening avenues for the adoption of alternative fuels. The MoU was signed during the Newfolk Oil & Gas conference, the foremost event for the oil and gas industry in Ukraine, held in Lviv.
“The agreement we have signed stands as further evidence of our strategy being effectively put into action. ORLEN is becoming a cornerstone of energy security not only for Poland, but for the broader region. After we launched the deliveries of US LNG to our Ukrainian partner, we are now entering a new phase of deeper cooperation. Together, we can achieve more,” said Ireneusz Fąfara, CEO and President of the Management Board of ORLEN.
“I believe we can elevate our partnership to an entirely new level. I am grateful to our Polish counterparts – and personally to Mr Fąfara – for the constructive dialogue and their genuine support for Ukraine,” said Sergii Koretskyi, CEO of Naftogaz Group.
Under the terms of the MoU, the parties will seek to increase natural gas deliveries via Poland to Ukraine and to advance joint projects in oil and gas extraction. These initiatives are expected to strengthen Ukraine’s resource security and flexibility. Naftogaz also stands to benefit from ORLEN’s technical expertise in the refurbishment of gas infrastructure damaged during the war. In addition, both companies intend to pursue joint investment projects across fuel distribution and development of the biofuels segment.
The Lviv memorandum marks the second cooperation agreement between ORLEN and Naftogaz. Under the initial agreement, ORLEN concluded three contracts to supply a total of 300 million cubic metres of LNG to Ukraine.
The ORLEN Group currently supplies Ukrainian customers with refined petroleum products, including gasoline, diesel oil and bitumen, while delivering dedicated services to upstream sector operators.
Naftogaz Group is Ukraine’s largest state-owned oil and gas enterprise, operating across the entire value chain – from exploration and production to transport, storage, and sales of gas and crude oil. The company plays a critical role in ensuring the nation’s energy security and ranks among its largest taxpayers. Despite the ongoing military conflict, Naftogaz continues to expand its resource output and remains firmly committed to reducing Ukraine’s reliance on imported gas through maximised domestic production.
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