Ukrainian-American gas trader ERU Trading will boost its capacity to import gas from the EU to Ukraine with a new €10 million loan from the EBRD,

the development bank reports. “By supporting a privately owned gas trader, we are promoting further liberalization of the energy market, greater competition and security of supply in Ukraine,” said Matteo Patrone, EBRD Managing Director for the region. “Private gas trade also promotes greater utilization and integration of the country’s transport and storage infrastructure with the EU gas market.” ERU is the largest private importer of natural gas to Ukraine from Hungary, Poland and Slovakia.