Energy

Wednesday, May 28

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine.

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine. Despite the current 17 EU sanctions packages, in 2025 Russia is projected to receive about $233B from the export of raw materials and energy resources and more than $20B from EU countries alone. ̶...

Tuesday, May 27

Ukraine has increased its gas reserves by more than 1 billion cubic meters and is exploring imports through the Trans-Balkan Corridor.

Ukraine has increased its gas reserves by more than 1 billion cubic meters and is exploring imports through the Trans-Balkan Corridor. Between April 17 and May 24 2025, 1.06 billion cubic meters of natural gas were added to Ukraine’s underground storage, slightly surpassing last year’s amount during the same timeframe. Al...

Ukraine’s share of green energy is projected to grow by nearly 100% by 2040.

Ukraine’s share of green energy is projected to grow by nearly 100% by 2040. Balint Silhavy, a senior expert at Boston Consulting Group, anticipates that the contribution of renewable sources to Ukraine’s electricity production will rise from 15% in 2022 to 28% in 2040, ...

Monday, May 26

Ukrainian businesses are investing nearly ₴29B in the construction of over one GW of autonomous generation.

Ukrainian businesses are investing nearly ₴29B in the construction of over one GW of autonomous generation. In light of Russian attacks on Ukraine’s energy system, 20 major domestic companies have built 1.06 GW of generation capacity since the onset of the full-scale war and plan to expand this in the...

Friday, May 23

Britain asks the G7 to cut the price cap on Russian oil.

Britain asks the G7 to cut the price cap on Russian oil. The UK has urged its G7 allies to lower the price ceiling for Russian oil to further pressure Vladimir Putin to end the war in Ukraine. This issue was a priority for discussion at the G7 finance minis...

In Ukraine, preparations are underway for the launch of three biomethane plants, and the construction of seven wind farms.

In Ukraine, preparations are underway for the launch of three biomethane plants, and the construction of seven wind farms. During the Green Energy for Reconstruction conference, Chairman of the Bioenergy Association of Ukraine Heorhiy Heletukha noted that four biomethane production facilities are currently operational in ...

Wednesday, May 21

Ukraine has begun importing gas through Slovakia to hasten the stockpiling of reserves for the winter.

Ukraine has begun importing gas through Slovakia to hasten the stockpiling of reserves for the winter. Ukraine has started importing gas through Slovakia, said Serhiy Makogon, the former head of the Ukrainian Gas Transmission System Operator. “Previously, imports came from Hungary and Poland, but...

Tuesday, May 20

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package.

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo...

Friday, May 16

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency.

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency. Since Russia began its full-scale invasion of Ukraine, Hungary and Slovakia have sent €5.4B to Moscow for crude oil alone, a sum sufficient to fund 1,800 Iskander-M missiles. Despite sanctions exempti...

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle.

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle. Retail prices for electricity for industrial enterprises in Ukraine increased by an average of 20% in the first ten days of May compared to the average price in April, reported former Energy Minister ...

Thursday, May 15

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save?

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save? IDS Ukraine Group has initiated its own solar power generation. A 1.4 MW solar power plant is now operational at the Myrhorod Mineral Water Plant, generating up to 600 kWh even in cloudy weather. This...

Wednesday, May 14

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence In his infamous 2021 essay, “On the Historical Unity of Russians and Ukrainians”, published just 7 months before the full-scale invasion, President Putin insisted that the “true sovereignty of Ukraine...

Monday, May 12

A US investment company wants to buy a stake in the pipeline through which Russia exports gas to the EU.

A US investment company wants to buy a stake in the pipeline through which Russia exports gas to the EU. American Elliott Investment Management, one of the most influential investment companies in the world, is negotiating to buy a stake in a package of infrastructure assets, including the pipeline throu...

Friday, May 9

The US and Russia discuss options for restoring Russian gas supplies to Europe.

The US and Russia discuss options for restoring Russian gas supplies to Europe. According to Reuters, restoring Russia’s role in the European gas market is viewed as a potential component of a peace deal with Putin, and US involvement in this process could alleviate politic...

Thursday, May 8

Despite official statements, the EU’s complete elimination of Russian gas is problematic.

Despite official statements, the EU’s complete elimination of Russian gas is problematic. In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sa...

Wednesday, May 7

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace.

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace. US President Donald Trump stated that falling oil prices are increasing pressure on Russia and raising the likelihood of a peace deal being reached that will end the war in Ukraine. “Now that oi...

Russian oil prices have fallen to a two-year low and are already 40% below the budget target.

Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40...

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers.

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers. The European Commission published a plan for EU countries to entirely eliminate Russian energy carriers, through which negotiations on new contracts with suppliers of Russian gas (pipeline and LNG) wi...

Thursday, May 1

DTEK plans to construct energy storage facilities in Ukraine with a total capacity of up to 500 MW.

DTEK plans to construct energy storage facilities in Ukraine with a total capacity of up to 500 MW. DTEK Renewables Finance has announced on the Irish Stock Exchange’s website its intention to undertake large-scale projects aimed at creating energy storage facilities (ESF) in Ukraine. Conseque...

For the first time in a year, gas prices in Ukraine have surpassed European prices.

For the first time in a year, gas prices in Ukraine have surpassed European prices. According to Natural Gas ExPro quotes, gas prices in Ukraine on April 29 were approximately €31.8 per MWh, while spot prices on the Dutch TTF were €31.5 per MWh. Thus, for the first time since May 1 2...

Wednesday, April 30

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt.

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt. NEC Ukrenergo has finalized an agreement to restructure the terms of its debt stemming from state-backed green sustainability-linked development bonds with a rate of 6.875% per annum, maturing in 2028...

Tuesday, April 29

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing.

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing. The OKKO group plans to initiate several large wind energy projects and has already started working on their implementation. Construction of the Ivanychi wind farm in the Volyn region is already under...

Thursday, April 24

A South Korean company is set to construct a $106M waste-fired combined heat and power (CHP) plant in Odesa.

A South Korean company is set to construct a $106M waste-fired combined heat and power (CHP) plant in Odesa. Posco International, a South Korean corporation, plans to build a thermal power plant in Odesa that will utilize waste as fuel. This project aims to establish an RDF-fueled CHP plant as a modern, inte...

Wednesday, April 23

How much of Ukraine’s energy should be generated by wind power in order to successfully integrate into the EU’s energy system?

How much of Ukraine’s energy should be generated by wind power in order to successfully integrate into the EU’s energy system? In this context, experts assert that wind power is gaining strategic importance as a priority area for development. The EU aims to increase its share of renewable energy sources to 42.5% by 2030, with...

Tuesday, April 22

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia.

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia. The EU will release a roadmap on May 6 to phase out its purchases of Russian fossil fuels and continue to decrease Russian imports, according to European Council President Antonio Costa. “This c...

Friday, April 18

Ukraine’s gas shortage can only be resolved through market liberalization.

Ukraine’s gas shortage can only be resolved through market liberalization. Ukraine must liberalize its gas market as soon as possible to attract Ukrainian and European traders as well as industrial consumers for imports. Otherwise, a lack of resources and funding may disrupt...

The EU has delayed the implementation of a ban on Russian LNG imports in future sanctions packages.

The EU has delayed the implementation of a ban on Russian LNG imports in future sanctions packages. This decision is influenced by resistance from some EU member governments and uncertainty regarding alternative supply sources. Instead, the European Commission plans to create a new roadmap by May th...

Ukrainian electricity prices rank among the highest in Europe.

Ukrainian electricity prices rank among the highest in Europe. In the first half of April, electricity prices in Ukraine have already exceeded those of neighboring countries such as Poland, Romania, Hungary, and Slovakia. They are 34% higher than in Germany and 2...

Thursday, April 17

Belgium views the idea of resuming energy cooperation with Russia as unrealistic.

Belgium views the idea of resuming energy cooperation with Russia as unrealistic. Any efforts to return to this trade relationship are unfounded, said Belgian Energy Minister Mathieu Bihet, commenting on the increasing calls in Europe to restart energy imports from Russia amid dipl...

Wednesday, April 16

Bulgaria has changed its mind and will not sell reactors to Ukraine.

Bulgaria has changed its mind and will not sell reactors to Ukraine. A few months ago, Bulgaria planned to sell nuclear reactors to Ukraine that would allow it to finalize two power units at the Khmelnytskyi NPP. However, Bulgarian Deputy Prime Minister Atanas Zafirov ...

The EU will soon present its plan to phase out Russian oil and gas imports.

The EU will soon present its plan to phase out Russian oil and gas imports. The EU intends to unveil a detailed strategy in May for the elimination of Russian oil and gas imports by 2027, driven by Russia’s full-scale invasion of Ukraine. However, the European Commission has ...

The US plans to lower oil prices with Saudi Arabia’s assistance.

The US plans to lower oil prices with Saudi Arabia’s assistance. US Energy Secretary Chris Wright stated: “Under Trump’s presidency, we will likely see lower average energy prices in the next four years compared to the previous four years.” He hig...

Tuesday, April 15

Trump will leave Putin unable to fund his war.

Trump will leave Putin unable to fund his war. The decline in oil prices, triggered by US President Donald Trump’s trade war, has started to deplete the Russian military budget, despite the US president’s simultaneous efforts to improve relations ...

How much will Putin’s military machine gain from restarting Nord Stream 2?

How much will Putin’s military machine gain from restarting Nord Stream 2? Industry experts report that there has been interest shown by both the US and Russia in resuming the Nord Stream 2 gas pipeline’s operations, which would provide Putin’s military machine w...

Thursday, April 10

Trump’s tariffs could severely impact Russia’s oil revenue.

Trump’s tariffs could severely impact Russia’s oil revenue. While Moscow has managed to evade US President Trump’s tariffs, the Russian budget will still endure consequences from Washington’s trade war. The Telegraph reports that a threat to Russia has emerged...

Wednesday, April 9

Goldman Sachs has estimated the probability of a peace agreement in Ukraine to be 70%, but the ZNPP may be a problem.

Goldman Sachs has estimated the probability of a peace agreement in Ukraine to be 70%, but the ZNPP may be a problem. American investment bank Goldman Sachs stated that bond prices suggest that the markets have assessed a 70% probability of a peace deal in Ukraine. This current estimate is notably higher than the fig...

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives.

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives. According to the CSD, the Czech Republic’s expenditure of over €8.2B on Russian hydrocarbons in the previous year is 500% greater than the aid it has provided to Ukraine since the onset of the full-sc...

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter.

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter. At the end of last week, futures prices for natural gas in Europe dropped sharply by over 10% to €35.2 per MWh, according to the ICE exchange. These are the lowest European gas prices in the past six ...

Tuesday, April 8

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction.

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction. Under the third stage of the Ukraine Recovery Program, a total of 130 projects valued at ₴4.5B have received approval, according to the Ministry of Development and Infrastructure. These projects inclu...

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market.

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market. The state enterprise Guaranteed Buyer is developing a roadmap to settle accumulated debt to green tariff electricity producers and is counting on making 100% of its required payments in 2025, said Dep...

Monday, April 7

France considers a renewable energy investment in the Chornobyl Exclusion Zone.

France considers a renewable energy investment in the Chornobyl Exclusion Zone. Representatives from Ukraine and France inspected the aftermath of the recent Russian attack on the New Safe Confinement, or Ark, a protective structure enclosing the fourth reactor unit of the Chorno...

A Ukrainian company, supported by international financial organizations, is constructing a 93 MW wind farm in the Kirovohrad region.

A Ukrainian company, supported by international financial organizations, is constructing a 93 MW wind farm in the Kirovohrad region. Energy Trade Group has initiated the wind farm’s first stage, which includes the installation of three Vestas wind turbines with a total capacity of 18.6 MW. The construction is financed through...

Friday, April 4

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue.

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue. The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gr...

OKKO will receive over €150M in loans from three Western banks to construct a wind farm.

OKKO will receive over €150M in loans from three Western banks to construct a wind farm. Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from ...

Thursday, April 3

Which companies have been selected for a competition to construct new generating capacities?

Which companies have been selected for a competition to construct new generating capacities? A competition for the right to construct new generating capacities is currently taking place in Ukraine. The selection of participants is ongoing, and companies that have submitted project bids, with ...

Wednesday, April 2

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream.

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream. The country does not intend to abandon Russian sanctions and, specifically, will not revert to direct Russian gas purchases, stated Christiane Hoffmann, deputy spokesperson for the federal government....

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants.

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants. Experts highlight that retailers and businesses in related sectors are currently harnessing solar energy to cut expenses and boost energy independence. For instance, two years ago Epicenter began inst...

Friday, March 28

Ukraine summarizes its energy infrastructure losses suffered in the Russian invasion.

Ukraine summarizes its energy infrastructure losses suffered in the Russian invasion. Before the full-scale conflict began, Ukraine’s power plants had an installed capacity of 56.1 GW. Russia occupied 18 GW of generation, including Europe’s largest nuclear power plant in Za...

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region.

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region. The construction of the BIO-LAN industrial park is currently underway in the Lanivtsi urban territorial community of Ternopil. The future park, for which registration documents have already been submi...

Thursday, March 27

Ukraine may export one billion cubic meters of biomethane to the EU by 2030.

Ukraine may export one billion cubic meters of biomethane to the EU by 2030. Maciej Zaniewicz, an expert with the Green Deal Ukraine project, notes: “The actual volume of biomethane production in Ukraine may be around 0.5% of EU demand. We are discussing approximately on...

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