GTST Trident (IFC-36113)

  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 17, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 21, 2017

Disclosed by Bank Nov 19, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project finances the importation of natural gas to Ukraine during the winter season of 2015-2016 in order to contribute to the supply of energy in the country.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
This project consists of up to one year trade finance facility of up to US$200 million to cover the importation of natural gas to Ukraine by the state-owned National Joint Stock Company Naftogaz of Ukraine. This trade finance facility will be used to finance the deliveries of ENGIE, major European supplier of natural gas, under their natural gas supply framework contract with Naftogaz. Founded in 1998, Naftogaz is a JSC with 100% shares owned by the state of Ukraine. It is a vertically integrated oil and gas company engaged in the full cycle of gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, supply of natural gas and LPG to consumers, through its different enterprises. Aside from purely commercial operations, Naftogaz plays an important social role and supplies natural gas to households, budget-funded institutions and utilities at prices set by the state.ENGIE is a global energy player and an expert operator in the three key sectors of electricity, natural gas and energy services. The group has more than 180 years of history in energy business. ENGIE is headquartered in Paris, France and employs about more than 150,000 people globally. The French Government has 32.3% stake in the group as a shareholder and remaining stake is held by public (including institutional investors and individual investors). Since 2014 ENGIE has been one of the major suppliers of natural gas to Ukraine.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Willem Coppoolse Head of Illiquid Gas Markets Origination Energy Management & Trading, ENGIE 1, place Samuel de Champlain 92930 Paris La Défense Cedex - France F: +33156654212 M: +33682033215 Naftogaz: Sergiy Oleksiyenko Chief Advisor to the Chairman of the Board National Joint-Stock Company Naftogaz of Ukraine B. Khmelnytskogo str, 6 Kyiv, 01001, Ukraine Tel.: +380 (44) 586-39-47 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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How it works