Energy

Monday, October 17

The EU and Ukraine’s joint energy security depends on the diversification of energy sources.

The EU and Ukraine’s joint energy security depends on the diversification of energy sources. Ukraine and the EU are shaping a new energy reality. They are laying the foundations of a new energy architecture, which involves using many sources of generation to ensure the energy balance, Deputy ...

Ukraine will switch to smart electrical networks by 2035.

Ukraine will switch to smart electrical networks by 2035. The Cabinet of Ministers approved the concept of implementing smart networks in Ukraine by 2035 and approved an action plan for its implementation. The concept envisages a gradual reduction of electri...

Friday, October 14

Putin proposes the creation of a gas hub in Turkey as pressure from the West increases on Russian energy supplies.

Putin proposes the creation of a gas hub in Turkey as pressure from the West increases on Russian energy supplies. The Russian President suggested a gas hub plan to Turkish President Recep Tayyip Erdoğan on Thursday, stating that if there were interest from Turkey, they would consider its feasibility. “If Turkey ...

Russia might attack Ukraine’s GTS to launch Nord Stream 2.

Russia might attack Ukraine’s GTS to launch Nord Stream 2. President Volodymyr Zelenskyy believes Russia may strike the Ukrainian gas transportation system and demand that Europe launch Nord Stream 2. The president believes Russia will commit a terrorist atta...

Poland suspects Russian involvement in the Druzhba oil pipeline leak.

Poland suspects Russian involvement in the Druzhba oil pipeline leak. Russian interests may be behind the accident at the Druzhba oil pipeline, Polish Prime Minister Mateusz Morawiecki said. The prime minister did not make direct accusations but noted that many clues po...

Thursday, October 13

Zelenskyy calls on the G7 to introduce a price ceiling for Russian oil and gas.

Zelenskyy calls on the G7 to introduce a price ceiling for Russian oil and gas. President Volodymyr Zelenskyy called on the Big Seven (G7) countries to respond to Russia’s strikes on Ukraine’s energy sector with new symmetrical sanctions. In particular, the introducti...

Another leak has been detected in a pipeline carrying Russian oil to the EU.

Another leak has been detected in a pipeline carrying Russian oil to the EU. A leak has been detected in the Druzhba pipeline, which supplies crude oil from Russia to Germany according to PERN, the pipeline’s operator, in a statement on Wednesday. PERN said the leak was first...

Ukraine received €550M from the EIB to restore its energy system.

Ukraine received €550M from the EIB to restore its energy system. The EU and the European Investment Bank will help Ukraine restore its energy infrastructure. On October 12, the EIB transferred an additional €550M to Ukraine. According to Prime Minister Denys Shmyha...

The war in Ukraine renews investors’ interest in nuclear energy.

The war in Ukraine renews investors’ interest in nuclear energy. American nuclear power company Westinghouse Electric is being bought by a consortium of private investors in a $7.9B deal. According to the FT, one of the world’s largest clean energy investors,...

The first two biomethane plants will open in Ukraine by the end of the year.

The first two biomethane plants will open in Ukraine by the end of the year. According to the Ministry of Agrarian Policy, the first two biomethane plants will be operational in Ukraine by the end of 2022. One is in the Chernihiv region, with a capacity of up to three million ...

Ukraine and the Czech Republic will engage in hydrocarbon exploration.

Ukraine and the Czech Republic will engage in hydrocarbon exploration. State company Ukrgazvydobuvannya and the Czech MND Group will work on hydrocarbon exploration in the western regions of Ukraine. The Ukrainian company reported that the companies signed the memorandum...

The Ukrainian government has settled numerous debts on the gas market.

The Ukrainian government has settled numerous debts on the gas market. The government continues to work on stabilizing function of the gas and electricity markets. The Cabinet of Ministers has approved resolutions providing for the settling of a significant number of gas...

Wednesday, October 12

On October 10, Russia carried out the largest attack to date on Ukraine’s energy system.

On October 10, Russia carried out the largest attack to date on Ukraine’s energy system. According to Minister of Energy Herman Galushchenko, the enemy’s goal is to destroy the entire energy system and make it impossible to reconnect electricity supplies from other sources, complic...

The second mass missile attack on October 11 hit 33 energy sector facilities.

The second mass missile attack on October 11 hit 33 energy sector facilities. On October 11, the Russian Federation carried out 33 attacks on energy infrastructure facilities in Ukraine, Prime Minister Denys Shmyhal reported. The enemy continued to launch dozens of missiles, at...

Tuesday, October 11

Ukraine has stopped exporting electricity.

Ukraine has stopped exporting electricity. The missile attacks hit thermal generation and electrical substations, forcing Ukraine to suspend electricity exports beginning October 11, 2022, to stabilize its energy system, the Ministry of Energy...

Following the strikes, many Ukrainian cities lost internet.

Following the strikes, many Ukrainian cities lost internet. After the attack on October 10, there are significant difficulties with internet provision in six Ukrainian cities and in eight regions with the connection diminished and deteriorated, said Minister o...

Monday, October 10

Ukraine introduced a duty on natural gas, oil, and oil products.

Ukraine introduced a duty on natural gas, oil, and oil products. The government decided to enact customs payments for goods moving through pipelines. As the Ministry of Finance explained, according to the Customs Code, such goods are not subject to customs duty, bu...

Ukraine agrees to terms on gas supply through the Baltic Pipe.

Ukraine agrees to terms on gas supply through the Baltic Pipe. Naftogaz of Ukraine has preliminary agreements in place for its gas supply through the Baltic Pipe gas pipeline from Norway to Poland. However, the company currently does not have the funds to purchas...

Friday, October 7

The Netherlands is going to reopen the largest gas field in Europe.

The Netherlands is going to reopen the largest gas field in Europe. Bloomberg writes that the Groningen field has enough unused capacity to replace most of the fuel Germany previously imported from Russia. Currently, the lot is in the process of being closed, and the ...

Thursday, October 6

Authorities are urging Ukrainians to conserve energy resources as much as possible this winter.

Authorities are urging Ukrainians to conserve energy resources as much as possible this winter. Saving energy resources this winter will be a contribution from every Ukrainian to victory over the enemy, Prime Minister Denys Shmyhal said. Shmyhal explained that without the Zaporizhzhya NPP, Ukrai...

Ukraine has doubled its sales of green electricity.

Ukraine has doubled its sales of green electricity. In September, the State Enterprise Guaranteed Buyer sold 356,000 MWh of electricity from renewable sources for UAH 1.1B. This is 2.2 times more than in August, the press service of the state-owned ent...

OPEC+ will reduce oil production by two million barrels per day.

OPEC+ will reduce oil production by two million barrels per day. Representatives of the OPEC organization and other oil countries, led by Russia, agreed at a meeting in Vienna to reduce oil production by two million barrels per day. It is expected that the decision...

Wednesday, October 5

The G7 has prepared a three-stage cap on Russian oil prices.

The G7 has prepared a three-stage cap on Russian oil prices. According to Assistant Secretary for Economic Policy Ben Harris, the price ceiling will first be introduced on crude oil, then on diesel fuel, and finally on cheaper petroleum products, such as naphth...

Russian forces have mined two units of the Zaporizhzhia NPP and are trying to connect them to the Russian power system.

Russian forces have mined two units of the Zaporizhzhia NPP and are trying to connect them to the Russian power system. The Russians are trying to connect the Zaporizhzhya NPP to power grids in order to supply electricity to occupied Crimea or to connect the power system to the Russian network. As the ex-head of the St...

Tuesday, October 4

Ukraine has accumulated almost 14 billion cubic meters of gas for the heating season.

Ukraine has accumulated almost 14 billion cubic meters of gas for the heating season. Of the total amount, the state company Naftogaz purchased more than 200 million cubic meters of fuel from private gas production companies. The company reported that as of October 3, gas reserves in s...

Azerbaijan will increase gas exports to Europe by 40%.

Azerbaijan will increase gas exports to Europe by 40%. Azerbaijani gas supplies to Europe will increase by 40% to 11.5 billion cubic meters this year, the country’s president, Ilham Aliyev, said. According to Aliyev, the country will export 22 billi...

Gazprom reduced gas production by 17% over last three quarters; exports fell by 40%.

Gazprom reduced gas production by 17% over last three quarters; exports fell by 40%. Russian Gazprom produced 313.3 billion cubic meters of gas in January-September 2022, 17.1% (64.8 billion cubic meters) less than last year. At the same time, exports to foreign countries fell by 40....

Monday, October 3

A new Russian-alternative gas pipeline has opened in Europe.

A new Russian-alternative gas pipeline has opened in Europe. The new gas pipeline between Bulgaria and Greece became operational on October 1. The IGB interconnector will change the rules of the game in the European energy market and provide independence from R...

Moldova has launched a virtual gas reverse to Ukraine.

Moldova has launched a virtual gas reverse to Ukraine. Moldova has introduced a virtual gas reverse, which will contribute to restoring the Trans-Balkan gas route to full operation. As the GTS Operator reported, the Moldovan operator confirms nominations ...

Ukraine plans to completely abandon the use of natural gas for heating.

Ukraine plans to completely abandon the use of natural gas for heating. According to Yury Vitrenka, chairman of the board of Naftogaz of Ukraine, the experience in Zhytomyr shows that in most cases, it is possible to switch to heating using biomass and garbage as fuel sou...

Ukraine is ready to sell the first batches of biomethane to the EU.

Ukraine is ready to sell the first batches of biomethane to the EU. The Ukrainian Regional Gas Company, Hals Agro, and the Dutch company STX signed a memorandum of cooperation to sell Ukraine’s first biomethane to Europe, according to an announcement from the RGK. The...

Friday, September 30

The Nord Stream inspection found a fourth leak in the pipeline.

The Nord Stream inspection found a fourth leak in the pipeline. Germany’s ambassador to the UK said a fourth leak had been discovered in the Nord Stream pipelines connecting Russia to Germany. Moreover, the leaks provide a “solid indication” these were acts of sab...

NATO calls the damage to the Nord Stream pipelines sabotage.

NATO calls the damage to the Nord Stream pipelines sabotage. NATO believes that the damage to the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea is the result of deliberate, reckless, and irresponsible acts of sabotage. In its statement, the al...

Russian Gazprom has paid for the entire October transit through Ukraine.

Russian Gazprom has paid for the entire October transit through Ukraine. According to RBC-Ukraine, the Russian monopolist paid Naftogaz-Ukraine for an entire month of gas transit. At the same time, it is noted that the payment will not prevent Moscow from cutting off physi...

In 2022, renewable energy producers received UAH 25B.

In 2022, renewable energy producers received UAH 25B. Since the beginning of 2022, the Guaranteed Buyer state enterprise has paid out UAH 24.8B to producers of electricity from renewable sources. According to the company’s data, Guaranteed Buyer pa...

Thursday, September 29

Zelenskyy has approved excise taxes on fuel.

Zelenskyy has approved excise taxes on fuel. President Volodymyr Zelenskyy signed a Law on the resumption of excise taxes on gasoline, diesel, biofuel, and autogas. In March, the excise tax on fuel was suspended through tax legislation implement...

Wednesday, September 28

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU.

Russia is believed to have damaged the Nord Stream pipelines to sabotage the EU. The Swedish National Seismic Network (SNSN) said Tuesday that it detected two explosions on Monday near the area of the Nord Stream pipelines. The first explosion was recorded at 2:03 a.m. and the sec...

Europe is prepared to get through the winter without Russian gas.

Europe is prepared to get through the winter without Russian gas. This winter, Europe will be able to buy almost 40% more liquefied natural gas (LNG) than last year. These supplies will be enough to compensate for the complete shutdown of Russian gas pipelines that ...

Ukrainian coal will arrive in Poland this week.

Ukrainian coal will arrive in Poland this week. The first shipments of Ukrainian coal will arrive in Poland within a week. Recently, the Ukrainian government approved the quota of 100,000 tons for Poland. Additionally, the head of the Office of th...

Poland has launched the Baltic Pipeline to import Norwegian gas.

Poland has launched the Baltic Pipeline to import Norwegian gas. On September 27, Poland officially opened a gas pipeline called the Baltic Pipe with a capacity of 10 billion cubic meters per year. It will become a new channel for Norwegian gas to Europe, reports T...

The IAEA will increase the scope of its mission at the Zaporizhzhia NPP.

The IAEA will increase the scope of its mission at the Zaporizhzhia NPP. On the sidelines of the UN General Assembly an agreement was reached with IAEA Director General Rafael Grossi on increasing their mission parameters at the Zaporizhzhia NPP, Prime Minister Denys Shmy...

The IEA predicts record sales of electric cars this year.

The IEA predicts record sales of electric cars this year. The International Energy Agency (IEA) suggests that sales of electric vehicles in 2022 may reach a record high. The IEA’s Tracking Clean Energy Progress report says that global sales of electri...

Tuesday, September 27

The US Congress will severely punish any attempt to circumvent oil sanctions against Russia.

The US Congress will severely punish any attempt to circumvent oil sanctions against Russia. The WSJ writes that the US Congress is preparing a bipartisan proposal to strengthen the agreement on a price ceiling for Russian oil. It is noted that Senators Chris Van Hollen and Pat Toomey want to...

EU countries have slashed import of Russian crude oil.

EU countries have slashed import of Russian crude oil. Russia’s seaborne crude exports to Europe are being diminished, with the bloc’s further sanctions only about two months away. Shipments in recent weeks have been little more than half pre-invasion lev...

Oil prices decreased again against the backdrop of recession expectations.

Oil prices decreased again against the backdrop of recession expectations. According to the ICE Futures exchange, the price of November futures for Brent crude fell to $85.66 per barrel on the afternoon of September 26, which is $0.49 (0.57%) below the closing price from the...

Monday, September 26

Ukraine and Romania will strengthen their cooperation in the gas and light oil product markets.

Ukraine and Romania will strengthen their cooperation in the gas and light oil product markets. Deputy Minister of Energy Mykola Kolisnyk and State Secretary of the Ministry of Energy of Romania George Niculescu have agreed on cooperation in the development of natural gas markets and systemic su...

The new package of EU sanctions will not set a Russian oil price limit.

The new package of EU sanctions will not set a Russian oil price limit. In the eighth package of European Union sanctions against Russia, there will probably be no limit on the prices of Russian oil, reported Radio Svoboda. Because the G7 is still working out the details ...

Friday, September 23

Energoatom is going to build a nuclear power plant in Chigyrin.

Energoatom is going to build a nuclear power plant in Chigyrin. State nuclear operator Energoatom is considering the possibility of resuming the construction of the Chigyryn nuclear power plant in the Cherkasy region and is preparing to carry out geodetic work. Th...

Thursday, September 22

Great Britain will help Ukraine to purchase gas and increase the supply of weapons.

Great Britain will help Ukraine to purchase gas and increase the supply of weapons. Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Great Britain Liz Truss discussed boosting the supply of weapons for Ukraine’s defense and strengthening sanctions against Russian oil and...

Ukraine has a number of potential sources of income for its recovery after the war.

Ukraine has a number of potential sources of income for its recovery after the war. Ukraine’s integration into the EU’s energy transition can compensate for losses from the economic downturn in the fossil fuel market due to the war and provide additional financial revenu...

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