MOL Group is standing in solidarity with the Ukrainian energy sector in times of war and provides equipment support to assist the steady and safe operation of the Ukrainian energy network. So far, MOL has offered a total of EUR 290,000 in equipment, of which the Ukrainian side confirmed the need for EUR 50,000 worth of assets, which the company will deliver to the border. MOL Group is continuously monitoring the arising needs under the equipment support programme and is actively working to extend the support.
MOL Group has joined the International Association of Oil & Gas Producers (IOGP) initiative and participates in the equipment support programme for Ukraine. The aim of the industry cooperation is to help remedy the damage caused by the war and to help the Ukrainian energy network to continue functioning. The programme is coordinated by the European Commission Directorate-General for Energy (DG ENER) and the Energy Community, while the Ministry of Energy of Ukraine provides regular and accurate information on the equipment needed to keep the network running.
MOL Group has so far offered a total of EUR 290,000 worth of equipment, of which the Ukrainian side has confirmed the need for EUR 50,000 worth of assets until this point. The assemblies, tube rounds and parts contributing to the continuity of oil and gas production and the continued operation of the energy network will be delivered by MOL itself to the Ukrainian border. Negotiations between the Energy Community and the Ukrainian authorities continue, with MOL monitoring the emerging needs and working on providing further support under the support programme.
“We stand in solidarity with Ukraine, and we are committed to the industry coalition that supports the continued operation of the Ukrainian energy network. MOL Group has also joined the IOGP equipment aid programme and is in full cooperation with the European institutions coordinating the programme. With joint efforts, we do our best to make the asset support as effective as possible and we hope that our donations can make a meaningful contribution to the smooth functioning of oil and gas production in Ukraine and thus the entire energy system,” says Ádám Homonnay, Vice President of Upstream at MOL Hungary.
