Low water level has caused a 43% drop in electricity production at the Dniester HPP. In July, Dniester HPP electricity production decreased by 43% compared with the indicators from previous years. The cause of the situation is a critically low water level in the Dniester reservoir. I... #DniesterHPP #DniesterHPPElectricityProduction #DniesterReservoirLowWaterLevel
The Ukrainian government has improved the green auction procedure. On August 2, the government adopted a resolution that improved the process for holding green auctions for rights to construct renewable energy facilities, adopting European standards and practices. Th... #GreenAuction #GreenEnergyConstruction #RenewableEnergyUkraine
Bank of America warns about the threat of a gas crisis provoked by Russia. Bank of America believes that as Russia loses its gas influence in Europe, it may soon use its remaining leverage to create a crisis. “Russia’s gas leverage is weakening, so the country ma... #BankOfAmerica #GasCrisisinEU #NorthernStream_1
Russia is losing its energy influence on the EU market. A European Union ban on importing coal from the Russian Federation came into effect on August 1. Thus, the Russian Federation is losing its energy influence on the European market, said Ukrainian Ener... #coaldependence #energymarketEurope #Russiancoalembargo
Russian Gazprom reduced production volumes by 12% and exports by 35%. In seven months of 2022, Russian Gazprom produced 262.4 billion cubic meters of gas, which is 35.8 billion cubic meters, or 12%, less than in the same period last year, reported Gazprom. Exports amoun... #GazpromExport #russiagasproduction
Moldova will buy electricity from Ukraine to cover the deficit. In August, Moldova will buy 30% of the electricity it needs from two Ukrainian companies, announced the Minister of Infrastructure of Moldova, Andrii Spinu. The companies to export electricity to Mold... #AndriiSpinu #MoldovaBuyElectricity #UkraineMoldovaElectricity
Ukraine will reduce gas production by 6.6% in 2022. Ukraine plans to produce 18.5 billion cubic meters of gas in 2022, which is 6.6% (1.3 billion cubic meters) less than in 2021, said Deputy Minister of Energy Mykola Kolesnyk. “Based on the actua... #EnergyMinistryofUkraine #GasProductionReduce #GasProductionUkraine
Ukrenergo will spend UAH 2.5B on strategic coal reserves. On behalf of the government, state company Ukrenergo will finance the creation of a strategic coal reserve for the 2022-2023 heating season, the company’s press service reported. This reserve wi... #HeatingSeasonUkraine #strategiccoalreserve #Ukrenergo
European oil companies report record profits. The rise in oil and gas prices, triggered by Russia’s invasion of Ukraine, is bringing record profits to European energy companies, writes Bloomberg. British Shell made $11.5B in net profit in t... #ChristianMalek #EuropeanOilCompanies #EuropeanOilCompaniesProfits
The EU is going to increase the reverse flow of gas to Ukraine. According to the European Commissioner for Energy, Kadri Simson, “Together with the countries bordering Ukraine, we will increase the volume of reverse gas supply between the EU and Ukraine by t... #EnergyCooperationEUUkraine #gasUkraineEU #KadriSimson
The EU is working on increasing the import of Ukrainian electricity. The European Union is cooperating with Ukraine to increase the export of Ukrainian electricity to neighboring EU member states, the European Commission said in a statement. “The European Union i... #ENTSO-E #importelectricityEU #UkraineEUelectricity
In July, Ukraine earned UAH 0.5B from electricity exports to the EU. State company Ukrenergo auctioned access to interstate power grids at cross-border crossings with Romania and Slovakia for UAH 500M ($13M) in the first 27 days of electricity export to the EU, reporte... #ElectricityForEU #Ukrainianelectricityexports #Ukrenergo
Ukraine offers to replace five billion cubic meters of Russian gas with electricity to the EU. Ukraine is ready to supply 1.5 GW of electricity to EU countries right now, thus replacing about five billion cubic meters of gas, stated the Minister of Energy of Ukraine, Herman Galushchenko. This i... #EnergyCrisis2022 #gaselectricity #HermanGalushchenko
The EU countries have officially agreed to reduce gas consumption by 15%. On July 26, the Council of Europe reached a political agreement on a voluntary reduction in natural gas use by 15% this winter. All EU countries except Hungary supported this decision. However, the po... #EUcountriesgas #gasconsumption #reductiongasuse
Ukraine can increase gas transit to Europe sixfold. The Ukrainian gas transportation system can transport more than 200 million cubic meters of gas per day to the EU. Currently, the Russians use only 42 million cubic meters of that capacity, the press ... #gastransittoEurope #SerhiiMakogon #UkraineGTS
Ukraine will introduce a new model of support for green electricity producers. The Ministry of Energy has prepared a draft law introducing a new support model for producers of green electricity – net metering. This new mechanism will allow consumers who have generating pla... #greenelectricity #MinistryofEnergyofUkraine
Kondor Finance refuses to change the terms of Naftogaz Eurobonds. Naftogaz of Ukraine was not able to agree to change the credit terms with the issuer of its Eurobonds, Kondor Finance plc according to a document from the Cabinet of Ministers of Ukraine. The document... #eurobonds #KondorFinance #Naftogaz
Moldova plans to increase electricity imports from Ukraine. For the new electricity import, the government of Moldova is looking for money, said the President of Moldova, Maya Sandu. “We would like to buy more electricity because in the case of the Tiras... #ElectricityImports #ENTSO-E #MayaSandu
The EU lifted restrictions on the export of grain and oil from Russia to third countries. The European Union loosened the sanctions imposed on Russia, unblocking agricultural products and oil export to third countries. In addition, the EU has allowed the supply of goods and technologies fo... #EUsanctions #EUsanctionsforRussia #JosepBorrell
The Russian military has moved weapons and explosives into the Zaporizhzhia NPP. The Russian army dragged at least 14 units of heavy military equipment along with ammunition, other weapons, and explosives to the engine room of the 1st power unit of the ZNPP, Energoatom wrote on Fa... #Energoatom #radiationthreat #zaporizhzhiaNPP
PKN Orlen will supply diesel fuel directly to Ukraine. Ukrzaliznytsia and the Polish oil refining company PKN Orlen agreed to cooperate on the supply of diesel fuel for the needs of the Ukrainian economy, the press service of the Ministry of Infrastructur... #FuelImport #PKNorlen #Ukrzaliznytsia
The EU will reduce gas consumption by 15% by next spring. On July 20, the European Commission (EC) presented a plan to reduce gas demand. It is planned to reduce the consumption of natural gas by 15% by next spring, says a press release from the EC. The E C ... #EUgasConsumption #EUgasCrisis #EUgasSupplies
An ultra-deep gas well was launched in the Poltava region. The largest Ukrainian gas producer, Ukrgazvydobuvannya, launched a new ultra-deep well in the Poltava region. Currently, the new well produces nearly 100,000 cubic meters of gas per day. This was anno... #gasmining #GasWell #Ukrgazvydobuvannya
Lithuanian Railways has started transporting oil products for Ukraine, bypassing Belarus. The LTG Cargo company, part of the Lithuanian Railways group, has started the transportation of oil products produced by the Orlen Lietuva enterprise for Ukraine, bypassing Belarus, writes the Lithuan... #LithuanianRailways #oilproducts #OrlenLietuva
Ukraine has become an associate member of the International Energy Agency. The corresponding joint declaration was signed in Warsaw by Energy Minister Herman Galushchenko and Executive Director of the IEA Fatih Birol, Ukrinform reports. “We have to win the energy war w... #HermanGalushchenko #IEA #UkraineEnergy
The Cabinet of Ministers fixed the gas price for heat producers until the end of the heating season. The Cabinet of Ministers adopted a resolution on imposing special duties on natural gas market entities. It provides for fixing the price of gas for thermal utilities at the level of UAH 7.4 per cubic... #FixedGasPrice #GasPriceUkraine
European Union signs a deal to double gas imports from Azerbaijan. The EU reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following Putin’s invasion of Ukraine. To boost the sh... #Azerbaijan #AzerbaijanGasForEU #GasfromAzerbaijan
The State Property Fund wants to sell Centrenergo. The State Property Fund of Ukraine (SPF) proposes to sell Centrenergo, a major electric and thermal energy producing company, together with the state mines. For this purpose, the Fund is seeking appro... #Centrenergo #CentrenergoSale #OlgaBatova #SPFukraine
The EU has approved another €500M tranche of military aid to Ukraine. The Council of the European Union approved the allocation of the fifth tranche from the European Peace Fund (EPF) in the amount of €500M to support the Ukrainian military. The head of the EU Council, ... #EUmilitaryAid #EuropeanPeaceFund #MilitaryAidforUkraine
The UAE will build an LNG terminal in the Odesa region. A group of investors from the United Arab Emirates plans to build a terminal for storing liquefied natural gas, stated investment company LNG Terminal South FCZO. This will be the first such terminal ... #LNGterminals #LNGTerminalSouthFCZO #LNGterminalsUkraine #TheOdesaRegion
Ukraine has spent $3.3B on oil product imports. From January-June 2022, Ukraine imported oil products worth $3.3B, which is 56.3% more than in the same period last year, announced the State Customs Service. At the same time, the physical volume of ... #OilImports #OilImportsDuringWar #UkraineOilImport
The largest chemical plant will not be able to resume its work. Azot, the largest chemical enterprise in Ukraine located in Severodonetsk, the Luhansk region, cannot continue production, despite the false statements from the Russian occupiers who temporarily hol... #AzotPlant #GroupDF
Ukraine’s earnings from electricity exports increased by 160%. In half a year, Ukraine has increased its revenue from electricity exports by $61.8M to $169.9M. According to data from the State Customs Service, this is 1.6 times more than in the same period of 202... #electricityExport #UkraineElectricityExport
The largest Ukrainian agricultural company plans to import oil products. Kernel, the agro-industrial group, wants to supply oil products, fertilizers, and other goods to Ukraine to overcome the shortage of agricultural production resources, announced the head of the Kernel... #Kernel #OilImport #OilImportToUkraine
Earnings from iron ore export fell by 45%. In six months, Ukraine’s foreign earnings from the export of iron ore raw materials fell by 44.8% to $2.16B, according to data from the State Customs Service. In January-June of this year, Ukrai... #IronExport #IronOreExport
Energoatom and Westinghouse will construct two reactors at Khmelnytskyi NPP. The US Westinghouse Electric Company announced a new contract with the Ukrainian State Nuclear company Energoatom. According to the agreement, Westinghouse will provide AP1000reactor technical inform... #Energoatom #KhmelnytskyiNPP #UkraineNuclear #WestingHouse
The US fears that without controls on the price of oil, it will increase by 40%. The global oil price could rise by 40% to around $140 per barrel if the proposed cap on the price of Russian oil is not passed, said the US Treasury Department. US Treasury Secretary Janet Yellen wil... #EnergyCrisis #GlobalOilPrices #JanetYellen #OilPrices
Naftogaz has asked Eurobond holders to postpone their payments. Naftogaz of Ukraine, through the issuer of its Eurobonds, Kondor Finance plc, appealed to the holders of these securities for almost $1.5B with a proposal to postpone its coupon payments for two year... #Naftogaz #NaftogazBonds #NaftogazEuroBonds
The EU is preparing for any scenario with Russian gas. The suspension of gas supply through the Nord Stream 1 gas pipeline announced by Gazprom is presented as a planned pipeline repair. However, the European Commission is ready for any possibility, given... #EnergyCrisis2022 #EUenergyCrisis #EUgasCrisis #EUGasShortage #TimMcPhie
Electricity exporters will transfer 80% of their profits to support tariffs for the population. The government obliged companies that export electricity to EU countries to transfer 80% of the income from exports to ensure the availability of electricity for household consumers. Thus, electricity... #electricityExport #ElectricityExportForEU #UkraineElectricityExport
Russia’s war machine is still making plenty of cash from il exports. An increase in the rate of export duty charged on crude oil shipped out of Russia in July has helped the Kremlin to ride out a slump in revenue inflow in the first full week of the month. Duty rates ... #RussianAgression #RussianOil #RussianOilExport
Germany is blocking EU aid for Ukraine over gas supplies. For more than a month, Germany has been blocking the provision of a €9B aid package, which should be the primary form of EU support for Ukraine, reported Corriere Della Sera. Germany is the biggest g... #AndriiMelnyk #ChristianLindner #GermanyBlocksAidForUkraine #GernmanyAndUkraine
Canada will send back the turbine for the Nord Stream 1 pipeline. The German government received a positive response from Canada to unblock the supply of Siemens turbines for the Nord Stream-1 gas pipeline. The turbine will be handed over to Germany, and it will han... #Gazprom #NordStream1 #SiemensTurbine
Ukraine wants to increase the electricity export capacity to the EU. In the near future, Ukraine aims to raise the capacity for electricity export to European countries up to 6 GW, reported the Ukraine Ministry of Energy. According to the Minister of Energy, Herman Ga... #electricityExport #EnergyExport #UkraineElectricityExport
Ukraine will build a new energy model after the war. After the war, Ukraine should not restore the old energy model but build a new, state-of-the-art one, said Minister of Energy German Galushchenko. According to him, it will be necessary to depart fro... #energyukraine #GreenENergy #HermanGalushchenko #NewEnergyModel
The EU is preparing a plan in case of a complete cessation of Russian gas supplies. In two weeks, the European Commission will submit an emergency action plan in the event of the interruption and/or complete termination of Russian gas supplies. The plan will find ways to provide gas... #EUenergyimport #RUssianEnergySUpplies #UrsulavonderLeyen
Oil falls below $100 as recession risks arise. Oil had its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market, reported Bloomberg. West Texas Intermediate crude futures sett... #GlobalOilPrices #GrudeOilPrices #OilPrices #OilPrices2022
Ukraine has applied for accession to the OECD. In Lugano, Switzerland, Prime Minister Denys Shmyhal submitted Ukraine’s application for joining the Organization for Economic Cooperation and Development to Secretary-General Matias Korman. Acc... #MatiasKorman #OECD #UkraineinOECD
Ukraine will open the import-export of electricity to Slovakia. From July 7, Ukraine will start exporting and importing 50 MW of electricity in the direction of Slovakia, according to Ukrenergo. For the July 7 auctions, the capacity of electricity exported to Roma... #electricityExport #ElectricityForSlovakia #Energoatom #Ukrenergo
Ukraine and Switzerland signed an agreement on investments in climate projects. When the war is over, Switzerland will invest in implementing Ukraine’s public and private climate projects of green recovery, said Prime Minister Denys Shmyhal. The agreement was signed during... #ClimateProjects #InvestmentClimateProjects
