Energy

Thursday, September 22

Hungary hinders the expansion of Ukrainian electricity exports to Europe.

Hungary hinders the expansion of Ukrainian electricity exports to Europe. According to Olena Zerkal, adviser to the Minister of Energy, despite the urgent electricity shortage in the European market, Hungarians officials have done everything in their power to suspend the fu...

Ukraine will increase nighttime electricity exports to the EU.

Ukraine will increase nighttime electricity exports to the EU. On September 20, the European network of operators of the electricity transmission system, ENTSO-E, increased the available capacity to export electricity from Ukraine to Europe by 50 MW at night. As ...

Wednesday, September 21

The US, Norway, and Kazakhstan will replace Russia on the EU oil market after the embargo.

The US, Norway, and Kazakhstan will replace Russia on the EU oil market after the embargo. After the introduction of the embargo, the EU will need to replace an additional 1.4 million barrels of Russian oil. At the same time, about 300,000 barrels per day can potentially come from the US, a...

Tuesday, September 20

Russia has shelled another nuclear power plant in the Mykolaiv region.

Russia has shelled another nuclear power plant in the Mykolaiv region. Russian forces carried out a missile attack on the site of the South Ukraine Nuclear Power Plant in the southern Mykolaiv region. According to the Nuclear Operator, Energoatom, all three power units ...

Ukraine has calculated the losses from the termination of gas transit from the Russian Federation.

Ukraine has calculated the losses from the termination of gas transit from the Russian Federation. If the transit of Russian gas through Ukraine stops in January 2023, and there is no payment for reserved capacities, the state budget in 2023 would not receive UAH 11.15B, according to the appendices...

A second biomethane plant in Ukraine will be connected to the network in 2023.

A second biomethane plant in Ukraine will be connected to the network in 2023. In the first half of 2023, the Regional Gas Company will connect a second biomethane plant with a capacity of 18 million cubic meters of biomethane per year to gas distribution networks in the Vinnyts...

Monday, September 19

Germany is preparing to stop the Russian Federation’s oil supply.

Germany is preparing to stop the Russian Federation’s oil supply. Russia can stop supplying oil to two German plants through the Druzhba pipeline, German Chancellor Olaf Scholz said in an interview with the Deutschlandfunk. He recalled that the country has already f...

Ukraine set a record for electricity export to the EU.

Ukraine set a record for electricity export to the EU. The export of electricity from Ukraine to EU countries in the first two weeks of September set a trade record of $131M. This is the second highest indicator after the export of agricultural products, ...

The Russian forces have attacked the Donetsk region power plant.

The Russian forces have attacked the Donetsk region power plant. A thermal power plant in the eastern Donetsk region came under heavy Russian shelling Saturday morning, reported the Donetsk administration. The shelling took place at the Sloviansk TPP plant, reporte...

Friday, September 16

The IAEA has demanded that Russia withdraw its troops from the Zaporizhzhia NPP.

The IAEA has demanded that Russia withdraw its troops from the Zaporizhzhia NPP. On Thursday, the Board of Governors of the International Atomic Energy Agency, which consists of representatives from 35 UN member states, adopted a resolution demanding that Russia end its occupation...

Gas prices in Europe have increased by 12%.

Gas prices in Europe have increased by 12%. During trading on September 15 the price of gas in Europe rose by 12% – to almost €245 per 1 MWh, according to data from the ICE exchange. The contract price for gas supply with execution in Oct...

Ukraine has decreased coal imports by three times and will rely on domestic production.

Ukraine has decreased coal imports by three times and will rely on domestic production. For the first eight months of 2022, Ukraine has reduced the import of hard coal and anthracite by three times compared to the same period in 2021, to 4.37 million tons. According to the Ministry of E...

The EU has pivoted to importing diesel fuel from the Middle East and Asia.

The EU has pivoted to importing diesel fuel from the Middle East and Asia. From September 1 to 11, Europe imported 1.65 million barrels of diesel daily. This is the highest amount since August 2019, writes Reuters. Imports from the Russian Federation accounted for 44% of the...

Thursday, September 15

Due to war, 90% of the wind energy capacities in Ukraine have been taken out of operation.

Due to war, 90% of the wind energy capacities in Ukraine have been taken out of operation. According to research from REN21, Russia has also destroyed 30% of the solar energy generation capacity in Ukraine. Before the war, Ukraine had achieved the largest increase in solar and wind energy p...

Ukrenergo is ready to go through the winter without the Zaporizhzhia NPP and is preparing reserves in case of further infrastructure strikes.

Ukrenergo is ready to go through the winter without the Zaporizhzhia NPP and is preparing reserves in case of further infrastructure strikes. State energy company Ukrenergo worked on different scenarios of the heating season, including the absence of power generation from the Zaporizhzhya NPP. In all these cases, consumers will be provided ...

The US will give Ukraine two billion cubic meters of gas.

The US will give Ukraine two billion cubic meters of gas. By the beginning of October, gas reserves in Ukraine’s storage facilities will reach 15.5 billion cubic meters. In addition, there are agreements with the US to receive two billion cubic meters ...

Ukraine will ask ENTSO-E to increase electricity exports to Europe.

Ukraine will ask ENTSO-E to increase electricity exports to Europe. As the chairman of the company’s board, Volodymyr Kudrytsky specified that currently more than 600 MW of capacity is being exported to Moldova, Poland, Romania, and Slovakia. The company wants t...

Wednesday, September 14

The EU might refuse to introduce a price ceiling for Russian gas.

The EU might refuse to introduce a price ceiling for Russian gas. It is likely that the European Union will not introduce a price ceiling for Russian or any other imported gas, writes The Guardian. It is noted that the publication has reviewed the draft resolution o...

Investors have given support to a draft law that allows for the completion of green power plant construction in two years.

Investors have given support to a draft law that allows for the completion of green power plant construction in two years. Renewable energy investors in Ukraine support the draft law developed by the Ministry of Energy, which would provide two years to complete unfinished green energy projects, according to the European-...

Israel will help the EU to fight the gas crisis.

Israel will help the EU to fight the gas crisis. According to Israeli Prime Minister Yair Lapid, the country will be able to provide the EU with about 10% of the gas that Europe received from Russia in 2021, VOA writes. Israel will join the EU’...

Monday, September 12

Ukraine will export biomethane to the EU.

Ukraine will export biomethane to the EU. The development of Ukraine’s biomethane market will not only reduce dependence on the import of fossil energy resources but also open the export of biomethane to the EU, the State Energy Efficiency Ag...

Naftogaz’s CEO warns of complete shutdown of Russian gas transit through Ukraine.

Naftogaz’s CEO warns of complete shutdown of Russian gas transit through Ukraine. There’s a high-risk Russia will completely stop natural gas shipments to the European Union through Ukraine, said the CEO of state energy company Naftogaz-Ukraine, Yuriy Vitrenko. “I would estimate t...

Ukraine plans to export coal to Poland and increase the supply of electricity.

Ukraine plans to export coal to Poland and increase the supply of electricity. As part of preparations for the challenging heating season for both Ukraine and the EU, Ukraine is ready to consider opening quotas for importing coal to Poland, Prime Minister Denys Shmyhal said. Acc...

Friday, September 9

Naftogaz will launch its gas station network in September.

Naftogaz will launch its gas station network in September. In September, Naftogaz of Ukraine will launch 30 gas stations in the capital and Kyiv region under the U.GO brand. The company said that the gas stations will utilize the seized Glusco network, which ...

Thursday, September 8

President Zelenskyy predicts Ukraine’s future as the EU’s green energy hub.

President Zelenskyy predicts Ukraine’s future as the EU’s green energy hub. Ukraine can become a green energy hub for Europe, replacing Russia’s dirty energy resources. As President Volodymyr Zelenskyy emphasized, Ukraine possesses huge natural potential for establishin...

The European Commission proposes to cap the price of Russian gas at €50 per MWh.

The European Commission proposes to cap the price of Russian gas at €50 per MWh. This is five times less than the current spot price, reported Politico. The publication notes that this step may be risky because the EU must be ready to refuse Russian gas immediately. After all, the...

A new well with a potential for 120,000 cubic meters of gas per day was launched in Ukraine.

A new well with a potential for 120,000 cubic meters of gas per day was launched in Ukraine. Naftogaz-Ukraine launched a new exploratory well in the Kharkiv Region with the possibility of producing at least 120,000 cubic meters of gas per day. As the company reported, specialists discovered a...

The EU has announced a reduction of Russian gas supplies from 40% to 9%.

The EU has announced a reduction of Russian gas supplies from 40% to 9%. The EU is working on the problem of consumer protection and reducing dependence on Russian gas. At the beginning of the war against Ukraine, the Russian share in external supplies to the EU was 40%, a...

Electricity in Eastern Europe costs 6 times more than in Ukraine.

Electricity in Eastern Europe costs 6 times more than in Ukraine. The exchange price for electricity in the Eastern European countries on September 6 was €480 per MWh. (UAH 17.50/kWh). This is six times higher than the price in Ukraine, the Market Operator reported....

Wednesday, September 7

The IAEA mission saw military vehicles and equipment inside the Zaporizhzhia NPP.

The IAEA mission saw military vehicles and equipment inside the Zaporizhzhia NPP. According to Director General Rafael Grossi, the International Atomic Energy Agency saw Russian military equipment and personnel inside the Zaporizhzhia nuclear power plant while visiting the facilit...

Europeans support Ukraine and want to reduce dependence on Russian gas.

Europeans support Ukraine and want to reduce dependence on Russian gas. As of June-July 2022, most Europeans favored continued support for Ukraine and reducing reliance on Russian energy sources, according to the Eurobarometer public survey. The survey shows that 92% supp...

Tuesday, September 6

The EU’s gas price increased by 30% in one day.

The EU’s gas price increased by 30% in one day. Fueled by the complete shutdown of gas supplies through Nord Stream-1, gas exchange prices in Europe at the opening of trading on Monday exceeded $2,800 per thousand cubic meters, showing an increase...

The EU council is preparing an urgent package of measures to reduce energy prices.

The EU council is preparing an urgent package of measures to reduce energy prices. On September 9, the energy ministers of the European Union countries will agree joint efforts towoard minimizing the record-high prices for gas and electricity. According to Politico, the Czech govern...

The Zaporizhzhia nuclear power plant has been cut off from the Ukrainian grid.

The Zaporizhzhia nuclear power plant has been cut off from the Ukrainian grid. The last remaining power line connecting the Zaporizhzhia nuclear power plant to the Ukrainian grid was disconnected Monday after a fire caused by Russian shelling. As a result, the unit is only prov...

Monday, September 5

The G7 has agreed on a mechanism to limit Russian oil prices.

The G7 has agreed on a mechanism to limit Russian oil prices. On September 2, the finance ministers of the Big Seven countries (Great Britain, Germany, Italy, Canada, France, Japan, and the US) confirmed their intention to limit the price of Russian oil. The Min...

The Zaporizhzhia NPP was again disconnected, and the reactor was stopped.

The Zaporizhzhia NPP was again disconnected, and the reactor was stopped. The IAEA reported that the Zaporizhzhia NPP has once again lost connection with the last main external power transmission line, but the facility continues to supply electricity to the network via a ba...

Ukraine will increase electricity exports to Romania and Slovakia.

Ukraine will increase electricity exports to Romania and Slovakia. The European grid operators’ network, ENTSO-E, agreed to allow Ukraine to increase electricity exports to the EU by 20% during daytime hours, reported state electricity company Ukrenergo. Ukraine wil...

Friday, September 2

Due to shelling at the Zaporizhzhia NPP, the 5th power unit was shut down.

Due to shelling at the Zaporizhzhia NPP, the 5th power unit was shut down. On the morning of September 1, as a result of more mortar fire by Russian troops at the Zaporizhzhya NPP, the emergency protection tripped, and the 5th power unit, which had been operating, was shut d...

Zelenskyy has called on the world to introduce sanctions against Russia’s nuclear industry.

Zelenskyy has called on the world to introduce sanctions against Russia’s nuclear industry. President of Ukraine Volodymyr Zelenskyy, at the Forum 2000 conference in Prague, called for sanctions against Russia’s nuclear power industry for occupying the Zaporizhia NPP, the Office of the...

The European Commission plans to limit electricity prices and reduce demand.

The European Commission plans to limit electricity prices and reduce demand. The European Commission is considering options for limiting prices and reducing demand for electricity as part of its proposals to combat rising energy prices, Reuters writes. According to Mechtild Ve...

The G7 plans to present a plan to cap Russian oil prices.

The G7 plans to present a plan to cap Russian oil prices. On September 2, the finance ministers of the G7 countries will reach an agreement and present a plan for setting maximum prices for Russian oil at a virtual meeting, the WSJ writes. According to the p...

A new gas well was christened in Western Ukraine.

A new gas well was christened in Western Ukraine. The mining company Expert Petroleum launched a new gas well in the Lviv region with a production volume is 115,000 cubic meters of gas per day. According to state gas producer Ukrgazvydobuvannya, the ...

Thursday, September 1

The IAEA mission has left Kyiv for the Zaporizhzhia NPP.

The IAEA mission has left Kyiv for the Zaporizhzhia NPP. The IAEA mission left Kyiv for the Zaporizhzhia NPP to inspect the situation and establish a permanent presence, said IAEA Director General Mariano Grossi. According to Grossi, the organization also ...

The Gas Transmission System of Ukraine will operate in reverse mode if gas transit from Russia stops.

The Gas Transmission System of Ukraine will operate in reverse mode if gas transit from Russia stops. As Serhiy Makogon, the head of the Ukraine GTS Operator, noted, the Ukrainian GTS has already worked in the reverse direction in 2006, 2009, and 2019, when Gazprom stopped transit. According to Makogo...

Ukraine will supply 30% of Moldova’s electricity needs.

Ukraine will supply 30% of Moldova’s electricity needs. The Moldovan energy company Energocom signed contracts to purchase Ukrainian electricity in September, amounting to a third of the country’s consumption. As the Minister of Infrastructure of Moldova, ...

Wednesday, August 31

Holtec plans component production for a small modular reactor in Ukraine.

Holtec plans component production for a small modular reactor in Ukraine. The American company Holtec International is considering the option of building a Ukrainian plant that will manufacture parts for the SMR-160 small modular reactor. The CEO of the company, Chris Singh...

Fitch has raised the rating of state electricity transmission company Ukrenergo.

Fitch has raised the rating of state electricity transmission company Ukrenergo. The international rating agency Fitch Ratings raised the priority unsecured rating of Ukrenergo’s state-guaranteed bonds totaling $825M from C to CC after the company restructured. According to the an...

Tuesday, August 30

Naftogaz talks about the risks of the upcoming heating season.

Naftogaz talks about the risks of the upcoming heating season. This year’s heating season in Ukraine will start later than traditionally and end earlier. As the CEO of Naftogaz, Yuriy Vitrenko, predicted in an interview with The Guardian, the air temperatur...

Gas consumption in Ukraine will decrease by about 40%.

Gas consumption in Ukraine will decrease by about 40%. The Ministry of Energy predicts that this heating season gas consumption will be 35-40% less than last year and will amount to 11.7 billion cubic meters. According to Ukrainian Parliament member Yaros...

Ukraine offers its gas storage facilities to Europe.

Ukraine offers its gas storage facilities to Europe. The President of Ukraine, Volodymyr Zelenskyy, called on Europe to use Ukrainian gas storage facilities. According to the president, with Ukraine’s help, Europe will no longer have gas crises because ...

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