EU gas prices have reached $1,800 per thousand cubic meters. Gas prices in Europe’s central hub have crossed the $1,800 per thousand cubic meters mark as worker strikes in Norway threaten supplies from the country, reported the London ICE exchange. The l... #EUenergyCrisis #EUgasPrices #GasPrices2022
Ukraine plans to build 7.1 gigawatts of new green energy capacity. In Lugano, Switzerland, Ukraine Minister of Energy Herman Galushchenko, during a discussion on renewables to power post-war Ukraine, said that the green transformation will be the center of Ukraine&#... #GreenEnergyUkraine #HermanGalushchenko
Ukraine can strengthen EU and regional energy security for the upcoming winter. According to the GTS operator of Ukraine, there are a few main possible mechanisms: Ukraine can contribute to regional supply security by transporting gas over short distances between CEE countries, i... #EnergyCrisis2022 #EUenergysecurity #UkraineGasSecurity #Ukrainegasstorage
Gas transit through Ukraine falls to a 30-year low. In June, the volume through the Ukrainian gas transit system reached its lowest level since 1991 and amounted to only 1.25 billion cubic meters. In May 2022, the volume of transit through Ukraine fel... #GasThroughUkraine #GasTransit #Gazprom
The EU has imported more gas by sea from the US than through pipelines from Russia. In June 2022, the EU received more natural gas by sea from the United States than through pipelines from Russia for the first time, announced the International Energy Agency. IEA executive, Fatih Ber... #EUexportsLNG #USgasExport #USgasforEU
Norway considers supplying gas to Ukraine and allocating €1B in aid. The Government of Norway, together with representatives of mining companies, will consider supplying natural gas to Ukraine, said Norwegian Prime Minister Jonas Gahr Store during a meeting with Presid... #GasforUkraine #JonasGahrStore #NorwayGas #NorwayGasForUkraine
Russia may stop supplying gas through Nord Stream-1 in July. German Vice-Chancellor Robert Habeck said that Russia might not resume natural gas supplies to Europe via the Nord Stream 1 gas pipeline after maintenance work scheduled for July 11. Last summer, the... #NordStream1 #RobertHabeck #RussianGas
Naftogaz is rushing to supply oil products to fix the fuel shortage in Ukraine. Ukraine National oil and gas company Naftogaz is working to eliminate the deficit that arose in the petroleum products market. For the third month in a row, the company is increasing the volume of fu... #GasSupply #Naftogaz #UkraineGasShortage
Interpipe’s EBITDA fell by 63% in the first quarter. One of Ukraine’s largest steel producers, Interpipe, experienced a 63% year-over-year drop in EBITDA to $15M due to the war and production cuts. In the first three months of the year, steel productio... #Interpipe #InterpipeUkraine
The debut electricity auction for export to the EU shows earning potential for Ukraine. The debut auction on energy exports to Europe has proven Ukraine’s ability to make billions of hryvnias, announced the CEO of Ukrenergo. The average price of access to the interstate crossing, ... #ElectricityAuction #electricityExport #UkraineElectricity
Kherson’s Khersonoblenergo lost partial control over electric networks. The JSC Khersonoblenergo electricity distribution system operator lost partial control over electrical networks due to the capture of separate objects by the occupiers. Khersonoblenergo’s control fal... #Kherson #Khersonoblenergo #KhersonOccupation #KhersonUkraine
Ukraine will start exporting electricity to the EU. The continental European transmission system ENTSO-E has decided to officially start commercial electricity exports from Ukraine to Europe on June 30 with an initial volume of 100 MW, announced Minist... #electricityExport #ENTSOe #HermanGalushchenko #UkraineElectricityforEU
More than ten EU countries have completely or partially stopped importing Russian gas. More than 10 countries in the European Union have entirely cut off supplies of Russian gas, and Moscow’s behavior in recent weeks has significantly exacerbated energy supply risks, said Europea... #BanRussianEnergy #EUbanRussianGas #KadriSimson #RussianGas
EU countries can store gas in Ukraine to achieve the required UGS filling level. The decision of the European Council, which obliges EU countries to fill gas storage facilities by 80% by November 1, allows European countries to maintain strategic gas reserves in Ukraine, said Ene... #electricityExport #ElectricityForEU #ENTSOe #Ukrenergo
The G7 leaders have agreed on limiting the price of Russian oil. The leaders of the Group of Seven, met recently at a summit in Bavaria, Germany, and reached a unanimous consensus on the need to limit the price of Russian oil. Still, this mechanism needs to be work... #G7 #G7summit2022 #RussianAgression #RussianOilPriceLimit #RussianOilSanctions
Ukraine offers to export electricity from its nuclear power plants to Germany. The Minister of Energy of Ukraine, Herman Galushchenko, confirmed that Ukraine’s nuclear plants are ready to export electricity to Germany. He noted that Germany’s decision to eliminate i... #electricityExport #ElectricityforGermany #UkraineNuclearPower
Ukraine will receive a €1B grant from Germany. The Minister of Finance of Ukraine, Serhiy Marchenko, and the Federal Minister of Finance of Germany, Christian Lindner, signed an agreement between the countries’ governments to provide Ukrain... #GermanGrant #GrantForUkraine #WarinUkraine
The EU expects Ukraine to export more grain, but receive iron ore. While the ports are blocked, the Ukrainian agricultural sector is trying to develop new export logistics by rail, road, and river across the border with EU countries. The average daily volume of rail... #grainexport #IronOre #IronOreExport #UkraineExport
The price of oil is falling amid expectations of Biden’s announcement to suspend the fuel tax. Oil prices fell more than $6 a barrel in response to US President Joe Biden’s lobbying to lower rising fuel prices, including pressure on the country’s primary energy companies. Futures f... #GlobalOilPrice #GrudeOil #JoeBiden #OilPrices #OliPrices2022
The EU will temporarily switch to coal to compensate for decreased Russian gas. Elina Bardram, the European Commission’s executive director for international affairs and climate finance, said the EU will temporarily return to using coal-fired power plants to make up for th... #EUcoalPlants #EUenergy #EUwithoutRussianGas
Oil refining has been stopped completely in Ukraine. Ukraine’s entire oil refining industry has ceased to work due to targeted Russian rocket attacks, said the CEO of Naftogaz, Yuriy Vitrenko. “All oil refining in Ukraine is currently at a halt du... #CEOnaftogaz #Naftogaz #refiningindustry #YuriyVitrenko
Advocates for Ukrainian business call for a reduction in rent for mining. Business leaders favor lowering the rent for the extraction of minerals during the war, which will support the mining and metallurgical industry, which has had its production reduced by 53%, said the... #ExtractionRent #MiningUkraine
Naftogaz has increased payments to the government by 34%. In January-May 2022, compared to the same period in 2021, Ukraine’s national gas and oil company Naftogaz, increased payments to the state budget (excluding dividends) by 34.3% to UAH 47B ($1.5... #Naftogaz #NaftogazUkraine #UkraineBudgetRevenue #YuriyVitrenko
The fuel shortage in Ukraine should stabilize by the fall. The fuel shortage, which arose due to the shelling of fuel production and storage infrastructure, will stabilize closer to the fall, stated the Minister of Infrastructure of Ukraine, Oleksandr Kubrako... #FuelCrisisUkraine #FuelShortage #UkraineFuelCrisis
Ukraine expects the first quotas for electricity exports to Europe. Ukraine expects to receive the first quotas for 100 MW of electricity exports to Europe from the ENTSO-E continental network next week. Ukraine will receive the volumes and distribution scheme betwee... #ElectricityExporttoEU #ENTSOe #UkraineEleectricityForEU #UkraineElelctricity #Ukrenergo
Ukraine has great potential to create a hydrogen economy. Clean hydrogen is a new and universal energy source with rapidly growing demand projected for decades to come, and Ukraine can, and should, make the most of this trend. The USAID Energy Security Proje... #EnergySecurityProject #Hydrogen #hydrogeneconomy #USAID
Ukraine has already accumulated half of the gas needed for the upcoming heating season. More than 10 billion cubic meters of gas have already been collected in Ukraine’s underground gas storage facilities (GHGs), and this volume is constantly growing, announced the Prime Minister ... #DenysShmyhal #energyukraine #gasstorage #UkraineGasReserves
World oil prices have fallen by 6%, to a 4-week low. According to Reuters, world oil prices have fallen by about six percent – to a four-week low – due to the strengthening dollar and fears of a recession. The strengthening of the dollar an... #BrentOil #OilPrices #WorldOilPrices #WTIprice
The government allocates six CHPs for Naftogaz. To ensure uninterrupted heat and electricity supply, the Government ordered the transfer of six CHPs to Naftogaz, announced Prime Minister Denys Shmyhal. According to him, this will allow more effic... #CHPukraine #energyukraine #Naftogaz
Gazprom has informed Austria, Germany, and Italy about cuts in gas supplies. On June 15, OMV from Austria r announced a reduction in gas supplies from Gazprom. The company did not specify how much supplies have been reduced but stressed that “OMV can fully compensate fo... #Austria #GazpromSupplies #Germany #NordStream1
Ukrainian nuclear power plants can reduce EU dependence on Russian coal and gas. The United States and Ukraine are working to securely integrate the Ukrainian and European power grids . As a result, there will be a significant reduction in the EU’s dependence on Russian coal... #NPP #NuclearPower #UkraineNuclearPower
Zelenskyy has signed a law providing guarantees for hybrid system installation for Ukrhydroenergo electricity production. The installation of systems to provide 212 MW of electricity storage and expand the ability of Ukrhydroenergo (UHE) to provide ancillary services for frequency regulation and recovery through a joint ... #energyukraine #HydroEnergy #Ukrhydroenergo #Zelenskyy
The Ukrainian GTS is ready to compensate for the volumes of Nord Stream-1. Ukraine’s gas transmission system is ready to compensate for decreased Nord Stream-1 gas transit, but Gazprom is not using the reserved capacity. As of June 15, the capacity of the Ukrainian OG... #SerhiyMakogon #UkraineGTS
Naftogaz’s net income for 2021 is UAH 13B, compared to a UAH 19B loss in 2020. The Cabinet of Ministers approved the Naftogaz Ukraine annual report for 2021 and recognized the work of the Naftogaz board in 2021 as satisfactory. The government approved Naftogaz’s yearly rep... #Naftogaz #NaftogazEarnings #NaftogazUkraine #YuriyVitrenko
Ukraine plans to increase gasoline and diesel fuel imports. In June 2022, Ukraine plans to increase gas and diesel fuel imports by 160% compared to May – up to 600,000 tons, according to First Deputy Prime Minister Yulia Svyrydenko. “We imported 6... #FuelImport #GasolineImports #YuliyaSvyridenko
Russia has reduced gas supplies through Nord Stream 1. Russia’s Gazprom has said it is cutting natural gas supplies through the Nord Stream-1 pipeline by 40%. On Tuesday, the Russian energy company announced that it could transport only 100 million... #Gazprom #NordStream1
The EBRD will bolster Ukraine’s energy security with up to €300M for Naftogaz. The European Bank for Reconstruction and Development (EBRD) will lend up to €300M to help Ukraine’s gas company Naftogaz compensate for the loss of natural gas production following the invasion of Uk... #ebrd #EBRDloan #ebrdukraine #Naftogaz
Naftogaz has signed a memorandum with a Canadian company on liquefied natural gas supplies. Symbio Infrastructure plans to supply liquefied natural gas and green liquid hydrogen starting from 2027. Through its subsidiary, GNL Québec, Symbio is developing a carbon-neutral project in Quebec t... #LNGimport #Naftogaz #SymbioInfrastructure #YuriyVitrenko
Russia’s revenue from energy exports in the first 100 days of the war amounted to €93B. According to a study by CREA, the EU remains the largest buyer of Russian gas and oil, 61% of Russia’s fossil fuel exports, amounting to €57B. Among individual countries, the largest importer wa... #RussianAgression #RussianEnergy #RussianEnergyExport
The Ukrainian government has banned the export of fuel oil, Ukrainian gas, and coal. The government has amended the list of goods whose exports and imports are subject to licensing and quotas for 2022. Exports of Ukrainian coal, fuel oil, and gas are subject to licensing, but quotas h... #EnergyExport #UkraineEnergy #UkrainianGas
Energoatom is negotiating electricity export to Poland. State-owned Energoatom wants to supply large volumes of electricity to Poland in a year and a half stated Energoatom President Petro Kotin. “We are already negotiating to start exporting electri... #electricityExport #ElectricityforPoland #Energoatom
The only uranium ore producer in Ukraine can merge with Energoatom. State Nuclear Energy company Energoatom proposed that the government join with the Eastern Mining and Engineering Company, the only uranium ore producer in Ukraine, stated the president of Energoatom... #Energoatom #nuclearenergy #PetroKotyn #UkraineUraniumMining #Uranium
Germany has increased imports from Russia by 60%. In January-April 2022, Germany increased imports from Russia by 60% and transferred to Moscow almost €6B more than in the same period last year, announced the Ambassador of Ukraine to Germany, Andriy... #AndriyMelnyk #ExportsFromRussia #GermanyRussia
The restoration of a power line will increase Ukraine’s export potential. Replacing the overhead transmission line between Ukraine and Poland will increase Ukraine’s export potential by at least a quarter, said Ukrenergo Chairman Volodymyr Kudrytskyi. “We will ... #EnergyExport #UkraineEnergy #UkraineEnergyExport
Ukraine has started accumulating gas and coal for the coming heating season. By the beginning of the heating season, Ukraine needs at least 19 billion cubic meters stocked in gas storage facilities and 2 million tons of coal in warehouses, said Prime Minister Denis Shmygal. T... #energyukraine #gasstorage #HeatingSeason
The fuel crisis in Ukraine has increased the demand for electric vehicles. In May 2022, the Ukrainian fleet was replenished with 1,016 fully electric cars, 63% more than a year ago, reported Ukravtoprom. “Moreover, the number of new vehicles registered was 28% against 11% l... #carsalesUkraine #ElectircCarSalesUkraine #UkraineCarSales
Ukraine can completely abandon gas imports with increased production. Ukraine has a real opportunity to completely cease importing gas by developing its production, including biogas, as stated by General Director of GTS Ukraine Serhiy Makogon. According to him, Ukraine... #BioGas #GasImports #GasProduction #SerhiyMakogon #UkraineEnergy #UkraineGasProduction
Pipe production in Ukraine has recovered 65% of pre-war production levels. According to the results of May 2022, Ukrainian pipe plants increased their production 250% compared to April – up to 45,000 tons, reported Ukrinform. Thus, the industry managed to restore almos... #PipeProduction #PipesfromUkraine #UkrainePipes
Gas transit through Ukraine has dropped to 9 billion cubic meters. In January-April 2022, compared to the same period in 2021, gas transit through the Ukrainian gas transportation system decreased from 14 billion cubic meters to about 9 billion cubic meters, said Ge... #GasTransit #SerhiyMakogon #Ukrainegastransit
The EU has built a plan to abandon Russian gas. The European Union has completed a plan to allow European countries to abandon Russian gas completely, said EU Commissioner Thierry Breton. The plan envisages 50 billion cubic meters of liquefied natu... #EUenergy #GreenEnergyEU #RussianGasSanctions #ThierryBreton
