After the inauguration, Trump may move to eliminate Russian oil and gas industry earnings. The Russian Federation still makes a great deal of profit from oil and gas supply to EU countries, but this may change after Donald Trump takes office as the US president. Trump is anticipated to prov... #DonaldTrump #GasProduction #LNG #Oilmining #RussianEconomy #RussianLNG #USeconomy
What key Ukrainian industries have suffered enormous losses during the war? The full-scale war has caused severe economic losses to Ukraine. Gross value added fell by 21%, and Ukraine’s need for reconstruction funds totals $486B. Ukraine’s industrial sector, once ... #AgroLossesUkraine #Azovstal #UkraineEnergyLosses #WarDamage #WarinUkraine
The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas. The EU wants to increase imports of liquefied natural gas from the US to reduce dependence on Russian gas and convince the next US president, Donald Trump, not to impose tariffs on European goods. EU ... #Brussels #DonaldTrump #foreignTrade #LNG #Washington
What is preventing the construction of new renewable energy capacities in Ukraine? The accumulation of debt owed to producers in the renewable energy sector hinders the construction of new capacities, which are critically important for overcoming Ukraine’s electricity shortage... #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments
An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets. The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would sig... #GazpromNeft #LukOil #Putin #Rosneft #RussianEconomy #RussianOil #RussiaProfits
The National Energy and Climate Plan requires over $40B in investment by 2030. Deputy Minister of Economy Oleksiy Sobolev reported: “According to our preliminary estimates, the realization of the goals of the National Energy and Climate Plan requires significant investment... #ClimateNeutrality #DREAM #investments #OleksiySobolev #RenewableEnergyUkraine #UkraineRecovery
Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians. In Ukraine, increased pressure on commercial activities due to a lack of workers in the third quarter of the year was due to an increase in migration outflow that was beyond expectations, mainly due t... #ElectricityDeficitUkraine #Germany #Migration #Poland #RefugeesFromUkraine #Spain
Concorde Capital will compete with DTEK and is building a $1B energy company. Investment company Concorde Capital is working build an energy company worth $1B, company founder Ihor Mazepa said. Concorde Capital and its partners, including the American DFC, have invested €32M in... #ConcordeCapital #DFC #DTEK #EnergyInvestments #EnergyStorage #energyukraine #IhorMazepa
In Ukraine, the connection of biomethane producers to gas distribution systems has been simplified to promote exports. The National Commission for Regulation of the Energy Market of Ukraine has simplified the technical requirements for connecting biomethane production facilities to gas distribution systems. A newly ap... #agroUkraine #Biomethane #BiomethaneUkraine #CircularEconomy #energyukraine #UkraineGTS
UWEA: Investors are preparing to create a green energy development fund in Ukraine. Preparatory work is underway in Ukraine to create a fund that international financial organizations will finance to stimulate the construction of renewable energy facilities, said Andriy Konechenkov, ... #energyukraine #GreenENergy #RenewableEnergyUkraine #RESinvestments
The government and energy companies assess Ukraine’s readiness for winter. Considering gas consumption by power plants, Ukraine will have enough resources for the upcoming winter season, Energy Minister Herman Galushchenko assured the public. According to him, Ukraine has ag... #DTEK #energyukraine #GasstorageUkraine #GermanGalushchenko #HeatingSeason #Naftogaz #Ukrenergo
Bloomberg reports that Europe is nearing an agreement on gas transit from Azerbaijan through Ukraine; Bratislava and Kyiv deny such plans. Companies from Hungary and Slovakia are close to signing a contract that would supply up to 14 billion cubic meters of gas per year from Azerbaijan following the completion of a transit agreement betw... #Azerbaijan #GasTransit #SOCAR #Sudzha #UkraineGTS
Ukraine can become the Eastern European gas hub with its increased production. Deputy Minister of Energy Mykola Kolisnyk stated that the production increase is a crucial factor in reducing Ukraine’s dependence on global markets, while also raising the possibility of a stab... #energyukraine #GasProductionUkraine #GasstorageUkraine #MykolaKolisnyk #Naftogaz #Ukrgazvydobuvannya
The EU countries have helped Moscow to finance 1.5 years of war by buying Russian energy sources. Although the EU countries began to reduce their dependence on Russian energy products after the start of the full-scale invasion, they continued to import them. In total, the money Russia earned from ... #DefenseSpendingRussia #EnergySourcesRussia #RussianEconomy #RussiaProfits #WarinUkraine
The World Bank predicts a historic oil surplus that will cause prices to fall in 2025. The World Bank predicts that in 2024-2025 global oil supply will exceed demand by an average of 1.2 million barrels per day. This surplus will likely limit the price effects from an even wider conflic... #OilDemand #OilProduction #OPEC #worldbank
German businesses contemplate their options as the suspension of military reservations threatens companies working in Ukraine. The suspension of the reservation of Ukrainian workers, despite the millions of dollars invested by German companies to support Ukraine’s economy during the war, threatens the business community... #AHK #AHKukraine #GermanBusiness #GermanUkraineChamber #investments #MobilizationUkraine #ReinerPerau #UkraineEconomy
Ukraine must stop the accumulation of debts in green energy payments because it harms investment. The situation with debt in the renewable energy market is still critical, so the state should find ways to solve this problem and prevent it from becoming an obstacle to attracting investment in the g... #energyukraine #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments #Ukrenergo
Most Ukrainian businesses invest in building their energy independence. According to EBA research, this summer’s power outages affected the operations of 87% of companies in Ukraine. Among the companies surveyed, 67% had to suspend work, 60% had increased production... #EBA #ElectricityGeneration #EnergyIndependence #energyukraine #ukrainianbusiness
Denmark will provide Ukrainian cities with loans of up to €100M for energy-efficient projects that have been unable to attract investors. The Ukrainian government has approved a procedure for selecting projects enabling energy efficiency, energy saving, and alternative fuels, which will be financed within the Danida Business Finance pro... #DanidaBusinessFinance #Denmark #EnergyEfficiencyProgram #EnergyRestore #energyukraine #LoanForUkraine
The EU’s refusal to buy Russian gas will deprive the aggressor of $6.5B annually. The European Union’s willingness to abandon Russian gas and the cessation of its supply to the EU benefit Ukraine, as it deprives the aggressor country of annual budget revenues of $6.5B, noted ... #Austria #EnergyIndependence #GasTransit #RussianGas #Slovakia #TurkishStream #UkraineGTS
Ukraine offers new schemes and conditions for supplying the EU’s gas. Ukraine has offered Slovakia and Azerbaijan a new scheme for gas supplies through its territory to the EU. Discussions are centered on the option of storing gas in Ukrainian underground storage facili... #Azerbaijan #GasstorageUkraine #GasTransit #Slovakia #UkraineGTS
The EU is ready to end Russian gas transit through Ukraine and condemns Hungary for its agreements with Gazprom, said European Commissioner for Energy Kadri Simson after a meeting of energy ministers in Luxembourg. “We knew this contract would expire before the end of the year. The EC is working closely wi... #EnergyIndependence #GasTransit #Gazprom #Hungary #KadriSimson #RussianGas
The Zhytomyr region is constructing alternative power generation: Turkish investors will build a wind farm. A Turkish company, Atlas Global Energy, plans to build new wind energy facilities in the Zhytomyr region, reported the head of the Zhytomyr OVA, Vitaliy Bunechko. “We are sure that the new wind ... #alternativeenergy #AtlasGlobalEnergy #EnergyIndependence #investments #VitalyBunechko #WindEnergyUkraine #Zhytomyr
The EU is considering two options for gas transit through Ukraine. Energy ministers from European countries are discussing the import of Russian natural gas against the backdrop of Ukraine’s suspension of transit beginning December 31. Kyiv and Moscow have stat... #Azerbaijan #GasTransit #Gazprom #RussianGas #SOCAR
Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year. According to KSE analyses, Moscow has increased the volume of its shadow fleet of oil tankers by almost 70% despite restrictions targeting insurers and shipping companies. The volume of Russian oil tr... #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
Ukrainian businesses have already received loans sufficient to launch 200 MW of generation, and the Ministry of Energy is confident Ukraine will add 1 GW of distributed generation. According to the NBU, from June to September the majority of borrowed funds were for the purchase and installation of gas-piston cogeneration plants (96 MW), the purchase of diesel and gasoline genera... #ElectricityGeneration #EnergyDecentralization #EnergyRestore #energyukraine #LoansforBusiness
Foreign investors: Ukraine should create investor friendly conditions for green energy. According to VR Capital Group, Ukraine must ensure regulatory predictability and stability in order for foreign investors to implement fast construction of new green energy capacities. “We would... #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergyUkraine #RESinvestments #VRcapitalGroup
This year, businesses intensified their development of renewable energy sources, and non-core companies are entering the market. As a result of the war-induced crisis of traditional power generation, this year businesses were forced to step up the development of renewable energy sources compared to 2023. Two examples are the VR... #EcoOptima #energyukraine #RenewableEnergyUkraine #RESinvestments #VREnergy
Is Ukraine ready for winter without the transit of Russian gas? Ukraine is technically ready to get through the winter without the transit of gas through its territory, which is scheduled to stop entirely on December 31, said head of Naftogaz Oleksiy Chernyshov. N... #DTEK #Energoatom #energyukraine #GasTransit #HeatingSeasonUkraine #Naftogaz #RussianGas
Ukraine’s electricity deficit may reach 30% of consumption needs. Volodymyr Velychko, Deputy Chairman of the Supervisory Board of Centrenergo, noted: “Foreign partners believe that this winter will be the most difficult for our country in its entire history, e... #CentrEnergoUkraine #ElectricityDeficitUkraine #ElectricityImportUkraine #EnergyRestore #energyukraine #TrypilskaTPP
This year, the Russian Federation has attacked the Ukrainian energy system with more than 1,000 missiles and drones. As noted by the Ministry of Energy, the intensity of Russian shelling of Ukrainian energy facilities in 2024 will significantly exceed the number of attacks on energy infrastructure in the previous ye... #EnergyRestore #energyukraine #Japan #KuninoriMatsuda #RussianAttackonUkraine #UkraineEnergyLosses
Ukraine can become an EU energy hub, but stopping the transit of Russian gas has certain risks. Thanks to a robust gas transportation and storage system, Ukraine can become Europe’s energy hub and the anchor of its energy security, said Oleksiy Chernyshov, head of the board of Naftogaz of ... #energyukraine #GasstorageUkraine #GasTransit #Naftogaz #OleksiyChernyshov #UkraineGTS
Ukraine plans to create the Green Transition Office. The Ministry of Economy of Ukraine published an order to establish the Office of Green Transition under the Ministry to ensure the implementation of the National Energy and Climate Plan (NECP) for the... #ClimateProjects #energyukraine #GreenEnergyUkraine #GreenTransitionOffice #NECP
The transit of Russian oil through Ukraine increased by 37%, exceeding one million tons. The transit of Russian oil through the Ukrainian section of the Druzhba oil pipeline in September increased by 37% to 1.06 million tons. According to analysts, except for record volumes in July, the t... #DruzhbaPipeline #MOL #OilTransit #RussianOil
WPPs are expanding their footprint in Ukraine: State and private companies plan to launch two 600 MW plants in the Ternopil and Vinnytsia regions. State enterprise Naftogaz Bioenergy is studying the possibility of building a wind power plant in the Ternopil region. A draft memorandum has been prepared that outlines cooperation between the Saranc... #DTEK #NaftogazBioenergy #RenewableEnergy #RESinvestments #TyligulskaWindPowerPlant #WindEnergy
Ukraine resumed exporting small volumes of electricity, demonstrating that the energy system is recovering. In the last days of September, for the first time since May of this year, Ukraine exported about 0.8 GWh of electricity during a period of small domestic demand, according to the Center for Economic S... #ElectricityDeficitUkraine #ElectricityExports #energyukraine #UkraineElectricityImport
Piraeus Bank joins leaders from the business community to discuss strategic planning at the War & Business event hosted by UBN. Piraeus Bank in Ukraine has reinforced its commitment to supporting business resilience and economic planning through its role as the general sponsor of the recent War & Business: Planning for an ... #AlessandroZanelli #IevgeniiIvanytsia #OliverGierlichs #PiraesuBankUkraine #PiraeusBank #UBNnetwork #UkraineBusinessNetwork #ukrainebusinessnews #War&Business #YannisKyriakopoulos
The US is directing more than $1B to humanitarian support and the energy system’s restoration in Ukraine. USAID Administrator Samantha Power reported that more than 250,000 people in our country need rehabilitation support during her third visit to Ukraine since the full-scale war began. Therefore, USAID ... #EnergyRestore #HumanitarianAid #Rehabilitation #SamanthaPower #SupportUkraine #USAID
Saudi Arabia threatens to collapse oil prices to $50, which will hit Russia’s profits. Saudi Arabia will collapse oil prices to $50 per barrel if OPEC+ member countries continue to violate production limits, the country’s oil minister, Abdelaziz bin Salman, warned during a confere... #Iraq #Kazakhstan #Oilmining #OilPrices #OPEC #RussianOil #SaudiArabia
Ukrainian biomethane producers will have access to gas networks. The National Energy Regulator of Ukraine approved a draft resolution of amendments to the Code of Gas Distribution Systems. It unifies technical conditions for connecting biomethane production facilit... #BioGas #Biomethane #BiomethaneExport #energyukraine #HeorhiyHeletukha
The EU calls energy a decisive front this winter, and urges Ukraine to be allowed strikes on Russian territory. The head of EU diplomacy, Josep Borrell, said that the main topics in the G7 foreign ministers’ meeting in New York were the support of Ukraine before the approach of winter and the avoidance of... #ElectricityDeficitUkraine #JosepBorrell #LongRangeStrikes #RussianMilitaryTargets #WarinUkraine
Opinions of Ukrainian energy experts differ on the duration of winter blackouts. A generation deficit in winter and blackouts are unavoidable, and in the best-case scenario, there will be no electricity for up to five hours a day, said DTEK. And this is provided that Russia inflic... #DTEK #ElectricityDeficitUkraine #energyukraine #OleksiyBrecht #Ukrenergo #VolodymyrKudrytskyi
Experts have proposed a strategy to reduce Russian gas revenues. Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strateg... #RussianGas #RussianLNG #RussiaProfits #SanctionsAgainstRussia #WTO
A Ukrainian company, for the first time, has transported biomethane using the domestic gas transmission system and has plans to export. The VITAGRO group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, supplied biomethane into Ukraine’s gas transportation system, which wi... #BiomethaneExport #biomethaneproduction #energyukraine #VitagroGroup
For the first time, a green auction will be held in Ukraine to stimulate renewable energy development. For the first time in Ukraine, state-owned enterprise Guaranteed Buyer has announced an online auction on October 31 to distribute support quotas for enterprises producing electricity using alternativ... #GuaranteedBuyer #RenewableEnergy #RESinvestments #UkraineEnergy #UkraineGreenEnergy
Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i... #Belgium #GreatBritain #Netherlands #Oilmining #RussianLNG #RussianOil #SanctionsAgainstRussia #SaudiArabia
A Ukrainian company is seeking an investor for a project to relocate a TPP from Turkey to Ukraine. Ukrainian company Energo-Plus Scientific and Production Enterprise, which previously announced its intention to transport a new 60 MW TPP from Turkey and install it in Ukraine, is looking for a privat... #EnergoPlus #energyukraine #investments #MiniPowerPlant #Turkey
Ukraine’s allies have provided over $4B in energy support and call for more to be given. The G7 countries and other partners have raised more than $4B since the start of Russia’s full-scale invasion to restore Ukraine’s energy infrastructure, US Secretary of State Anthony Blin... #AnthonyBlinken #EnergySupportFund #energyukraine #G7 #KamalaHarris
What new energy support did Ukraine’s allies promise? The Netherlands allocated a new €209.5M aid package to Ukraine to restore critical energy infrastructure. In addition, the Netherlands will contribute €45M to the Energy Support Fund of Ukraine and su... #EnergySupportFund #energyukraine #France #Japan #JosepBorrell
Elementum Energy plans to build 400 MW of wind power generation in Ukraine at a cost of €500M. Elementum Energy, owned by VR Capital, plans to build wind power plants with a capacity of about 400 MW in the south and west of Ukraine in the coming years. Elementum Energy previously announced the... #ElementumEnergy #EnergyInvestments #Odesa #RESinvestments #UkraineEnergy #WindEnergy
