Connect for Growth (C4G)
Implementation period:
Project value:
Project objective: Strengthening key institutions to diversify natural gas supply sources, creating strategic reserves, and developing the energy market.
Implementer: United States Agency for International Development (USAID), SA Energocom
"Natural Gas Supply Security"
Implementation period: 2022-2025
Loan value: A loan of 300 million euros provided by the European Bank for Reconstruction and Development (EBRD).
The first tranche, "Diversification Tranche," amounting to 100 million euros, was allocated for the creation of strategic natural gas reserves and diversification of natural gas supply sources, and it was utilized in October-November 2022. The second tranche, "Emergency Tranche," intended for the procurement of natural gas in exceptional situations, was consumed in January 2023.
The credit offered by the EBRD involved the use of a natural gas procurement system in accordance with EBRD requirements. Potential traders/suppliers of natural gas were pre-selected, and only the companies selected with the participation of the EBRD took part in the auctions.
Implementer: Ministry of Energy, SA Energocom