National joint-stock company Naftogaz Ukrainy has announced a tender to provide irrevocable unconditional banking payment counter-guarantees for the largest sum of $40 million or 40 million euro.
According to the announcement of the state holding in the Visnyk Derzhavnykh Zakupivel bulletin, tender offers are accepted by Oct. 6, 2014. The bids will be opened on the same day.
The goal of the financial service is to receive irrevocable unconditional banking payment counter-guarantees at first call of foreign banks, which have credit rating no lower than Baa2 Moody’s or similar from S&P or Fitch to ensure the purchase and transportation of natural gas to Ukraine via European gas transport systems via the signing of the relevant agreements with suppliers of natural gas and/or operators of the gas transport systems, in particular Eustream (Slovakia).
The size of the tariffs for the provision of the service cannot exceed 2 percent per annum of the total sum of counter-guarantees, including the tariffs of foreign banks.
Ownership rights to receive income under contracts, goods in turnover or funds of the state holding are used as collateral.
Naftogaz Ukrainy until 2019 bought most capacity of the Vojany-Uzhgorod gas pipeline from Slovak Eustream to supply natural gas on the European gas market-Ukraine route.
Naftogaz Ukrainy unites oil and gas production assets in Ukraine, and is the country’s gas transit, underground gas storage, and oil pipeline transportation monopoly.
