Ukraine is the EU gas storage platform… First gas exploration contracts… UAH 2.1 bln domestic government bonds sold… EBRD and IFC modernize Chornomorsk… High speed trams in Kiev

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The level of the Electricity imports since April 2021 has been extremely low,  reported Ukrenergo. In September, the total volume of imports of 0.028 million kWh. The lowest amount since the commencement of the new market in July 2019. Electricity exports have also continued to decline since July 2021, and amounted to 304.3 million kWh. For the first nine months of 2021, the volume of electricity exports exceeds imports by more than 2.7 times – 2,779 million kWh against 1,014 million kWh.

Ukraine can become a storage platform for storing gas for the EU.  Underground gas storage facilities are ready to provide 40% of the gas capacity of non-resident customers, including the storage of insurance reserves of “blue fuel” said Serhiy Pereloma, the General Director of Ukrtransgaz on its Facebook page. “The gas crisis of 2021 has once again drawn the EU’s attention to the issue of insurance reserves. The European Commission is looking for tools to implement such a plan and potential sites for long-term storage of large volumes of gas”, said Pereloma.

Naftogaz signed the first three memorandums during the Ukrainian Gas Investment Congress in Kyiv. The first memorandum was signed with Ireland Dragon Oil on the exploration and development of deposits in the Black Sea. The second memorandum with the Azerbaijani oil producer Socar, the develop technologies for exploration and production activities in Ukraine both on land and at sea. The third memorandum was signed with US firms Helmerich & Payne and 3 Seas Energy, a partnership to explore and develop its business in the Black Sea Basin, reported Naftogaz.

The Ministry of Finance sold UAH 2.1 bln ($80 mln) on the domestic bond market , reported the Ministry of Finance. On October 19, the agency offered investors two issues of securities in national currency and one in foreign currency. The government bonds in hryvnia had maturity 1 year and 2 years, in US dollars it was 2 years. Rates did not change: the weighted average yield of 1-year IGLBs was 11.5%, 2-year – 12.4%.

High-speed internet for 118 villages. The Ministry of Digital Transformation has installed high-speed internet cables in 118 villages, as well as connected social facilities to Wi-Fi network, reported by the Ministry of Finance. The providers conducted high-speed fiber optics for about 40,000 residents of Ukrainian villages. Under the Internet Subvention project, contracts have already been signed to connect 2,000 villages valued at UAH 200 million.

EBRD and IFC to invest in the modernization of the Black Sea port of Chornomorsk.  Both financial institutions are supporting the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in structuring and tendering a public-private partnership (PPP) to modernize the port by: preparing a comprehensive contractual framework; setting bidding criteria and tender rules; will liaising with potential investors, and pave the way for a successful tender. “Working with investors is the focus of our port development activities”, said the press release of EBRD.

Moldova’s foreign minister will visit Ukraine. The Deputy Prime Minister and Minister of Foreign Affairs and European Integration of the Republic of Moldova, Nicolae Popescu, will make a working visit to Ukraine on October 21-22. “The key topics of talks will be trade, development of border infrastructure, counteraction to common security challenges, and fight against the COVID-19 pandemic,” said the press service of the Ministry of Foreign Affairs of Ukraine.

Construction of a high-speed tram line to the center of Kyiv. The Cabinet of Ministers approved a $39 million loan from the World Bank for the construction of a new tram line. It will extend the high-speed tram line to the city center and connect to the transport interchange of the red line of the metro, including the Vokzalna metro station, which currently serves as a major transit hub. Construction of a new line may begin next year, said Minister of Infrastructure, Olexander Kubrakov.

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