Energy

Wednesday, May 17

Borrell insists on blocking the import of Indian fuel produced from Russian oil.

Borrell insists on blocking the import of Indian fuel produced from Russian oil. In an interview with the FT, the EU High Representative for Foreign Policy, Josep Borrell, called such supplies circumventing sanctions, and the EU member states should take measures. Last year India ...

Tuesday, May 16

European traders are reserving capacity for gas storage due to a significant drop in prices.

European traders are reserving capacity for gas storage due to a significant drop in prices. Dmytro Lippa, General Director of Ukraine GTS Operator, specified that interest from European traders in the Ukrainian gas infrastructure is growing due to the record seasonal spread. As a result, ser...

Monday, May 15

The G7 and the EU will not resume importation of Russian gas supplies to Europe.

The G7 and the EU will not resume importation of Russian gas supplies to Europe. The Group of Seven (G7) countries and the EU plan to ban the import of Russian gas along routes where Moscow has previously cut supplies, reported Bloomberg. This decision will prevent the resumption ...

The Ukrainian government will implement one of the IMF’s structural beacons.

The Ukrainian government will implement one of the IMF’s structural beacons. The Cabinet of Ministers approved a draft law which will allow the liquidation of the Gas Pipelines of Ukraine (GPU) company in an expedited manner. It will be merged with the Operator of the GTS of U...

Friday, May 12

The Czech Republic has found an Italian replacement for the Russian Druzhba pipeline.

The Czech Republic has found an Italian replacement for the Russian Druzhba pipeline. Czech pipeline operator Mero has reached an agreement with its shareholders to expand the Transalpine Oil Pipeline (TAL), Czech Prime Minister Petr Fiala announced. They want to complete the project i...

Thursday, May 11

The European Commission will conduct the first joint gas purchase.

The European Commission will conduct the first joint gas purchase. An international tender has been announced within the framework of the EU Energy Platform, said Vice President of the European Commission Marosh Šefčovych. In particular, 107 companies have signed up ...

Naftogaz decides not to build a CHP biofuel plant in Lviv.

Naftogaz decides not to build a CHP biofuel plant in Lviv. State company Naftogaz of Ukraine refused to implement the construction of the first biofuel CHP plant in Lviv worth UAH 1B ($27.5M) that had been initiated by the ex-head of the company, Yuriy Vitren...

Wednesday, May 10

The G7 is preparing a strike against the Russian Federation’s shadow fleet.

The G7 is preparing a strike against the Russian Federation’s shadow fleet. According to the FT, the G7 countries want to solve the issue of manipulation of tanker transponders that are turned off while at sea or do not transmit data about their destination ports. Using these...

Tuesday, May 9

Ukraine’s oil giant plans to double production and create a network of 1,200 gas stations.

Ukraine’s oil giant plans to double production and create a network of 1,200 gas stations. According to Ukrnafta’s 2023 financial plan, its capital investments will increase to UAH 35B ($920M), according to the Ministry of Finance. The company’s strategic plan envisages increasing oil...

Ukraine has adopted an EU standard for injecting biomethane into its gas networks.

Ukraine has adopted an EU standard for injecting biomethane into its gas networks. The Ukrainian Research and Training Center approved the corresponding Standardization, Certification, and Quality Problems document. The standard was developed based on the current EU protocol, noted ...

Ukraine can guarantee the transportation of 42 million cubic meters of gas per day from the EU and 300 million from Ukraine to Europe,

Ukraine can guarantee the transportation of 42 million cubic meters of gas per day from the EU and 300 million from Ukraine to Europe, the GTS Operator reported. The company’s GM, Dmytro Lippa, noted that EU gas storage facilities are filling up faster than last year, and most of them are already reserved until the end of 2023....

Monday, May 8

More than 10 companies are seeking to build three dozen biomethane plants in Ukraine,

More than 10 companies are seeking to build three dozen biomethane plants in Ukraine, reported the Operator of GTS of Ukraine. It is noted that the GTS Operator is considering the development plans of Ukraine’s gas transportation system and is currently ready to provide biomethane tran...

Friday, May 5

Ukraine plans to launch the State Fund for Decarbonization and Energy Efficient Transformation.

Ukraine plans to launch the State Fund for Decarbonization and Energy Efficient Transformation. “The creation of the Fund is a signal to international partners that our country is developing according to European principles. This includes the reduction of harmful CO2 emissions and investments in...

Norway is resuming development of Arctic oil and gas fields to become a key energy supplier to the EU.

Norway is resuming development of Arctic oil and gas fields to become a key energy supplier to the EU. Norway’s largest oil and gas companies plan to continue exploring new oil and gas fields this year to stabilize the energy crises created by Russian aggression against Ukraine. This guarantees t...

Wednesday, May 3

Ukraine has launched an updated transmission line to export electricity to Poland.

Ukraine has launched an updated transmission line to export electricity to Poland. Ukrainian and Polish technicians carried out modernization efforts, and the line has been in operation, having since passed the three-day test period, Prime Minister Denys Shmyhal said. He emphasized ...

Tuesday, May 2

Ukraine’s new energy strategy is based on nuclear power plants and renewable sources.

Ukraine’s new energy strategy is based on nuclear power plants and renewable sources. On May 1, the Cabinet of Ministers approved the new Energy Strategy of Ukraine until 2050, with the intent of becoming carbon neutral by 2050. This means reducing the use of coal and focusing on devel...

Monday, May 1

Ukrainian Energy Transition Forum: sparking energy security from the global to microgrid levels

Ukrainian Energy Transition Forum: sparking energy security from the global to microgrid levels The energy community is looking for ways to help Ukraine as well as itself. As Moscow continues its genocidal war against Ukraine and the West, the energy sector’s transformation is happening gl...

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology.

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology. Climate change is humanity’s most significant health threat, and health professionals worldwide are already responding to the health harms caused by this unfolding crisis. The climate crisis thr...

Ukrhydroenergo will start electricity export to Moldova in May.

Ukrhydroenergo will start electricity export to Moldova in May. The Moldovan state company, Energocom, signed a contract with the Ukrainian state company, Ukrhydroenergo, to supply 30,000 MWh of electricity in May 2023. “In May, SA Energocom will purchase 29...

Ukraine plans to increase the transit fee of Russian oil by another 50%.

Ukraine plans to increase the transit fee of Russian oil by another 50%. According to Russian media, Ukrtransnafta is planning a two-stage increase in the tariff for the transit of Russian oil through the Druzhba oil pipeline. From June 1, the rate for transit will increas...

Friday, April 28

The world’s longest underwater transmission line will provide Great Britain with green electricity.

The world’s longest underwater transmission line will provide Great Britain with green electricity. Energy companies Octopus Energy from Great Britain and TAQA from Abu Dhabi are investing £30M to construct the world’s longest marine power transmission line with a length of 3,800 km. The proje...

Thursday, April 27

Two new gas wells allow Ukraine to increase daily gas production by 300,000 cubic meters.

Two new gas wells allow Ukraine to increase daily gas production by 300,000 cubic meters. State gas producer Ukrgazvydobuvannya has launched two production wells in April at one of the largest fields in Ukraine. The two wells added more than 300,000 cubic meters of gas to the company’...

Wednesday, April 26

Ukraine plans to cover energy supplier losses with reparations from the Russian Federation.

Ukraine plans to cover energy supplier losses with reparations from the Russian Federation. The Cabinet of Ministers submitted to the Parliament a draft law on the specifics of the provision of energy and communal services under martial law. The losses from enterprises are to be compensated ...

Ukraine has joined the new gas purchase platform launched by the EU.

Ukraine has joined the new gas purchase platform launched by the EU. The EU has launched a first-of-its-kind process for European companies to register their gas purchase needs via the AggregateEU mechanism to prepare for the joint purchase of gas through a coordinated...

The EU’s attempt to substitute offshore wind energy for Russian gas is falling short.

The EU’s attempt to substitute offshore wind energy for Russian gas is falling short. European efforts to rapidly scale up offshore wind farms to help cut dependence on Russian natural gas and reduce planet-warming emissions are falling short as developers struggle to deliver completed...

Tuesday, April 25

Naftogaz invites foreign oil companies to participate in gas production in Ukraine; the first contract is close to being signed.

Naftogaz invites foreign oil companies to participate in gas production in Ukraine; the first contract is close to being signed. The Ukrainian company is negotiating with ExxonMobil, Chevron, and Halliburton regarding their potential participation in Ukrainian gas production, said Naftogaz chairman Oleksiy Chernyshov. The compa...

Ukraine wants to increase electricity export to the EU to 10 GW BY 2050.

Ukraine wants to increase electricity export to the EU to 10 GW BY 2050. Ukraine plans to expand its capacity to export electricity to the EU to 10 GW by 2050, said Energy Minister Herman Galushchenko. “At first, it will be a little more than two GW, in 2032, we plan to in...

Monday, April 24

Germany will use Nord Stream to build a terminal for liquefied gas.

Germany will use Nord Stream to build a terminal for liquefied gas. Germany plans to open the Baltic terminal for liquefied natural gas (LNG), connected to Russia’s Nord Stream gas pipeline network’s infrastructure, by the beginning of 2024. According to B...

Ukraine’s debt is increasing to producers of green energy.

Ukraine’s debt is increasing to producers of green energy. State energy company Ukrenergo already owes UAH 16B ($435M) to the state-owned enterprise Guaranteed Buyer, which is owed for green energy produced in 2021-2023. At the same time, in 10 days of April,...

The smooth export of electricity from Ukraine to the EU is being hindered by bureaucracy.

The smooth export of electricity from Ukraine to the EU is being hindered by bureaucracy. According to Ukrenergo, there is no procedure for holding joint auctions for access to interstate crossings, and the National Energy Market Regulation Commission is delaying the approval of this proce...

Thursday, April 20

Renewable Energy market of Ukraine before and after the war.

Renewable Energy market of Ukraine before and after the war. Ukraine’s green path to energy independence and investment opportunities for foreign partners. Renewable energy began being actively developed in Ukraine after 2014 – at the end of the yea...

A Lithuanian energy company will share extra profits with Ukraine, and Shell has been asked to do the same.

A Lithuanian energy company will share extra profits with Ukraine, and Shell has been asked to do the same. The Lithuanian company Ignitis Group, with headquarters in Vilnius, has decided to direct 10%, or €12M, of surplus profits to Ukraine’s restoration, said Energy Minister Herman Galushchenko. The compa...

Wednesday, April 19

The ban on the export of gas and coal will continue, an electricity export ban is not excluded.

The ban on the export of gas and coal will continue, an electricity export ban is not excluded. Energy Minister Herman Galushchenko said at a press conference in Kyiv that the ban allowed Ukraine to pass the winter without importing coal. At the beginning of the heating season, the country had m...

Tuesday, April 18

Ukraine demands Russia pay UAH 32B in compensation for damages to the Zaporizhzhia NPP.

Ukraine demands Russia pay UAH 32B in compensation for damages to the Zaporizhzhia NPP. State nuclear energy company Energoatom has decided to apply to the International Court of Arbitration for compensation for the damage caused by Russia to the Zaporizhzhia NPP and other objects of the...

Friday, April 14

Naftogaz has won an arbitration case against Russia for $5B over assets in Crimea.

Naftogaz has won an arbitration case against Russia for $5B over assets in Crimea. The arbitration tribunal at the Permanent Chamber of the Arbitration Court in The Hague ordered Russia to pay $5B to Naftogaz of Ukraine, the company’s head, Oleksiy Chernyshov, said. He explain...

Thursday, April 13

The first biomethane plant in Ukraine has been connected to the gas network.

The first biomethane plant in Ukraine has been connected to the gas network. The Regional Gas Company (RGK) has added Ukraine’s first biomethane plant to its network. The enterprise will produce about three million cubic meters of gas annually, supplying nearly 1,500 customers...

Ukrainian oil and gas giants will jointly extract hydrocarbons.

Ukrainian oil and gas giants will jointly extract hydrocarbons. Ukrnafta and Ukrgazvydobuvannya will collaborate on joint oil and gas production in license areas where one company owns the production permits and the wells belong to the other. Currently, consultati...

The World Bank has announced $200M in grant financing for a project that will repair Ukraine’s energy infrastructure.

The World Bank has announced $200M in grant financing for a project that will repair Ukraine’s energy infrastructure. The Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund provides the funds for this project, with additional funding of up to $300M envisaged from partners through grants and other contrib...

Ukraine will sell all extracted uranium to Canada.

Ukraine will sell all extracted uranium to Canada. On April 11, Energoatom signed the latest agreement with the Canadian company Cameco to export uranium concentrate from Ukraine for processing in Canada. The contract stipulates that all uranium mined...

Wednesday, April 12

Naftogaz and the GTS Operator will report their financial results to the IMF.

Naftogaz and the GTS Operator will report their financial results to the IMF. According to the text of a memorandum of understanding, information on the cash flows of both companies must be submitted to the IMF no later than the 25th of the following reporting month. The report...

Tuesday, April 11

Ukraine resumes electricity exports to Moldova, followed by Poland and Slovakia.

Ukraine resumes electricity exports to Moldova, followed by Poland and Slovakia. The first auction for the allocation of interstate network capacity for the export of electricity to Moldova was held on April 11, announced Ukrenergo. According to the auction results, 330 MW of the ...

Ukraine will launch five biomethane plants and can provide up to 20% of the EU market.

Ukraine will launch five biomethane plants and can provide up to 20% of the EU market. The head of the Bioenergy Association of Ukraine, Heorhiy Heletukha, explained that Ukraine has excellent conditions to develop its biogas industry because Ukraine has the largest agricultural land ar...

Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors.

Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors. Ukraine’s largest oil production company, Ukrnafta, is introducing the concept of a “digital well” and “digital field” at all its facilities. The new technology will allow remo...

Monday, April 10

Ukraine will start exporting electricity again.

Ukraine will start exporting electricity again. The Minister of Energy of Ukraine, Herman Galushchenko, signed an order allowing the resumption of electricity exports during conditions of surplus generating capacity. “The opening of electrici...

Ukraine state company Ukrtransgaz will be certified according to the new EU rules.

Ukraine state company Ukrtransgaz will be certified according to the new EU rules. The national state energy regulator passed the final certification of Ukrtransgaz under European gas supply safety rules. Thus, the company became the second gas storage operator in Europe which has ...

Friday, April 7

Ukraine’s energy and thermal infrastructure has suffered $10B in losses from the war.

Ukraine’s energy and thermal infrastructure has suffered $10B in losses from the war. This is five times more than last June, according to a new comprehensive assessment by the United Nations Development Program (UNDP) and the World Bank. The largest share of losses falls on the electr...

Germany launched a €7M program in Ukraine for energy-efficient business projects.

Germany launched a €7M program in Ukraine for energy-efficient business projects. The Add energy to your business program is implemented within the framework of a project from the German government through the German Development Bank KfW and with the support of the EU. The program&...

Thursday, April 6

Ukrainian oil and gas extracting company Ukrnafta will restore 500 inactive wells.

Ukrainian oil and gas extracting company Ukrnafta will restore 500 inactive wells. State company Naftogaz subsidiary Ukrnafta plans to resume oil production at about 500 inactive wells, as reported by the company’s press service. According to the head of Ukrnafta, Serhii Koret...

Ukraine will receive €0.75M in two years to deepen cooperation in the nuclear industry with the EU.

Ukraine will receive €0.75M in two years to deepen cooperation in the nuclear industry with the EU. A new Euratom work program includes several areas to improve the safety of existing nuclear technologies and develop new ones. Ukraine has been an associate participant of the Euratom program since Ju...

Ukraine and Germany will deepen their cooperation for the green recovery of the Ukrainian energy industry.

Ukraine and Germany will deepen their cooperation for the green recovery of the Ukrainian energy industry. In particular, Minister of Energy of Ukraine Herman Galushchenko and Vice Chancellor of Germany Robert Habek signed a joint statement to expand the German-Ukrainian energy partnership, emphasizing the...

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