Energy

Monday, May 2

EU countries will build new gas pipelines to eliminate Russian gas dependence.

EU countries will build new gas pipelines to eliminate Russian gas dependence. Countries in Eastern Europe are partnering up to develop projects and share resources to counter the Russian dominance in the gas market and curb the EU’s reliance on Russian supply. A natural ...

Elon Musk hands over Tesla Powerwall energy-saving systems to Ukraine.

Elon Musk hands over Tesla Powerwall energy-saving systems to Ukraine. In addition to Starlink satellite internet stations, billionaire Elon Musk donated solar panels and energy-saving systems to Ukraine from Tesla Powerwall, announced Minister of Digital Transformation...

Thursday, April 28

EU gas prices have jumped due to Gazprom’s supply cuts to Poland and Bulgaria.

EU gas prices have jumped due to Gazprom’s supply cuts to Poland and Bulgaria. On April 27, gas prices in Europe rose by 24% due to the suspension of gas supplies to Poland and Bulgaria by the Russian corporation, Gazprom. According to the ICE exchange, the price of the nearest...

Wednesday, April 27

Food and Energy prices will increase drastically in 2022.

Food and Energy prices will increase drastically in 2022. According to a quarterly report by the World Bank, world energy and food prices will rise sharply this year due to the full-scale Russian invasion of Ukraine. As forecasted by the World Bank, global...

Tuesday, April 26

The European Union fails to agree on the Russian energy embargo.

The European Union fails to agree on the Russian energy embargo. The European Union fails to agree on the Russian energy embargo.

EU Parliament members appeal to Scholz over the Russian energy embargo.

EU Parliament members appeal to Scholz over the Russian energy embargo. EU Parliament members appeal to Scholz over the Russian energy embargo.

The EU expects the sixth package of sanctions against Russia this week.

The EU expects the sixth package of sanctions against Russia this week. The EU expects the sixth package of sanctions against Russia this week.

Friday, April 22

Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline.

Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline. Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline.

Thursday, April 21

Germany will abandon Russian oil imports by the end of 2022, and then gas.

Germany will abandon Russian oil imports by the end of 2022, and then gas. Germany will halve Russian oil imports

Russia’s oil companies are losing profits due to export difficulties.

Russia’s oil companies are losing profits due to export difficulties. The Head of the Office of the President of Ukraine, Andriy Yermak, said that Russian companies’ average daily volume of oil refining decreased by 6% in the first half of April. According to Reut...

Tuesday, April 19

The EU Can Cut Russian Energy Dependence Sooner.

The EU Can Cut Russian Energy Dependence Sooner. Europe can reduce energy dependence on Russia quicker than previously estimated, said Prime Minister of Italy Mario Draghi. “Diversification is possible and feasible relatively quickly, shorter than w...

Monday, April 18

Ukrenergo has launched a new high-voltage line worth more than UAH 546M.

Ukrenergo has launched a new high-voltage line worth more than UAH 546M. In the west of Ukraine, state-owned Ukrenergo completed construction and put a 330 kV high voltage eclectic line into operation. The project’s cost was UAH 546M ($18M), reported Ukrenergo’s pre...

The EU is preparing an oil embargo after the second round of elections in France.

The EU is preparing an oil embargo after the second round of elections in France. The European Union is finally preparing a gradual oil embargo against Russia, which could be approved after the second round of the French presidential election on April 24. Until now, the oil embargo...

Friday, April 15

Ukrenergo has repaired more than half of the destroyed infrastructure in the Kyiv and Chernihiv regions.

Ukrenergo has repaired more than half of the destroyed infrastructure in the Kyiv and Chernihiv regions. The state company Ukrenergo has returned to operation almost 60% of the destroyed infrastructure of the leading networks in the Kyiv, Chernihiv, and Mykolaiv regions, and plans to complete the main wo...

Wednesday, April 6

Ukraine and British Ministers discuss fuel supplies to Ukraine

Ukraine and British Ministers discuss fuel supplies to Ukraine . Ukraine is interested in diversifying fuel supplies, including from the United Kingdom, said Energy Minister Herman Galushchenko. He stressed this during a conversation with the Secretary of State f...

Ukrenergo does not intend to default on its credit obligations.

Ukrenergo does not intend to default on its credit obligations. State-owned electricity transmission system operator Ukrenergo will pay all its debt obligations, said the company’s chairman, Volodymyr Kudrytsky. Furthermore, he stated, we will not default on...

Tuesday, April 5

The EU may impose an embargo on Russian oil and gas.

The EU may impose an embargo on Russian oil and gas. EU ambassadors plan to meet on April 6 to discuss a package of new sanctions against Russia in connection with Russia’s aggression against Ukraine, reported The Financial Times. Sanctions propos...

Ukraine maintains the balance of the country’s fuel supply.

Ukraine maintains the balance of the country’s fuel supply. Despite hostile shelling of oil depots, the government has managed to maintain a stable fuel supply, said the Prime Minister of Ukraine Denis Shmyhal. Two weeks ago, to support the oil products mark...

More than 30 countries have decided to release oil from reserves.

More than 30 countries have decided to release oil from reserves. US President Joe Biden said that more than 30 countries have joined a campaign to saturate the oil market to reduce energy prices and prevent Russia from “turning energy resources into weapons&...

Monday, April 4

Lithuania stops buying Russian gas.

Lithuania stops buying Russian gas. Lithuania will no longer import Russian gas to meet its domestic needs, said its energy ministry. Instead, Lithuania will now receive all its natural gas through the liquefied natural gas (LNG) termi...

Russia could end the year with a record surplus of $240B from energy exports.

Russia could end the year with a record surplus of $240B from energy exports. Due to record oil and gas prices, the main products of Russian exports, even with reduced energy sales, the aggressor state will receive about $321B in revenue. This is more than a third more than in ...

Friday, April 1

Russian invaders leave Chernobyl.

Russian invaders leave Chernobyl. The occupiers, who seized the Chernobyl nuclear power plant and other facilities in the Exclusion Zone, marched in two columns towards the Ukrainian border with Belarus, reported Energoatom. Then, th...

Germany is considering nationalizing the “daughters” of Gazprom and Rosneft.

Germany is considering nationalizing the “daughters” of Gazprom and Rosneft. The German Ministry of Economics is considering the nationalization of Gazprom’s and Rosneft’s divisions due to concerns over the security of the energy supply, reported Handelsblatt. Suc...

Thursday, March 31

Ukraine has lost 30% of its metallurgical capacity due to the war.

Ukraine has lost 30% of its metallurgical capacity due to the war. Ukraine’s metallurgical losses from the Russian war are 30-40% of their pre-war capacity, as stated by the General Director of Metinvest, Yuri Ryzhenkov. “Mariupol’s metallurgical plants alone h...

Wednesday, March 30

Ukraine is changing its fuel suppliers to prevent a shortage of oil depots.

Ukraine is changing its fuel suppliers to prevent a shortage of oil depots. Ukraine is negotiating with global companies and states to ensure a stable supply of the necessary volumes of fuel in the face of the shelling of oil depots by the Russian aggressor and Kyiv’s reorie...

Zelenskyy calls on Europe to abandon Russian oil as soon as possible.

Zelenskyy calls on Europe to abandon Russian oil as soon as possible. President of Ukraine Volodymyr Zelenskyy called on Europe to give up Russian oil as soon as possible during a speech to the Danish parliament. “Long before this war, it was obvious that humanit...

Tuesday, March 29

Ukrainian coal production decreased by 30%, and gas production by 15%.

Ukrainian coal production decreased by 30%, and gas production by 15%. Energy Minister Herman Galushchenko said coal production has fallen by about 30% since the war began. According to the minister, Ukraine lost control over two mines, Zolote and Toshkivska. As a resul...

Ukraine plans to export electricity to Poland.

Ukraine plans to export electricity to Poland. Ukraine has resumed daily auctions for the distribution of interstate crossings to export electricity to Poland, stated Ukrenergo. This is the first auction since the unification of Ukraine’s energy s...

Monday, March 28

More than 10,000 hectares of forest are burning in the Chernobyl region.

More than 10,000 hectares of forest are burning in the Chernobyl region. Due to hostilities, 31 fires covering more than 10,000 hectares of forest have been recorded in the Chernobyl Exclusion Zone. The fires threaten radiation hazards to Ukraine, Belarus, and the European...

The nuclear research organization CERN is cutting ties with Russia and Belarus.

The nuclear research organization CERN is cutting ties with Russia and Belarus. In response to the military invasion of Ukraine by the Russian Federation, the 23 Member States of CERN today decided to: suspend the participation of CERN scientists in all scientific committees of ...

Gazprom continues gas transit through Ukraine.

Gazprom continues gas transit through Ukraine. Russia’s Gazprom’s loading of Ukraine’s gas transmission system on March 27 remains at the maximum level of the long-term contract – 109 million cubic meters per day. According...

EU dependence on Russian energy might end soon.

EU dependence on Russian energy might end soon. Germany continues to oppose an immediate embargo on Russia’s fossil fuels, but believes reliance on them will end soon, stated The Chancellor did not support the demand from several countries (i...

Canada is ready to help countries stop using Russian oil.

Canada is ready to help countries stop using Russian oil. Canadian officials said the country could provide more oil, gas, and uranium to help solve the global energy crisis. Canadian Natural Resources Minister Jonathan Wilkinson said many countries were re...

Friday, March 25

The US has opened duty-free access for steel exporters from the United Kingdom.

The US has opened duty-free access for steel exporters from the United Kingdom. Following the imposition of sanctions against Russia, the United Kingdom and the United States have agreed to duty-free access for British steel and aluminum exporters to the American market stated t...

Japanese and Lithuanian companies stop buying gas from Gazprom.

Japanese and Lithuanian companies stop buying gas from Gazprom. Japan’s largest oil refineries, Eneos and Idemitsu, will stop buying Russian oil after fulfilling current contracts in response to Russia’s invasion of Ukraine, company chief Tsutomu Sugim...

Thursday, March 24

German energy company EnBW refuses to work with Russia.

German energy company EnBW refuses to work with Russia. The German energy company EnBW will not sign new contracts with the Russian Federation as long as the president is Vladimir Putin said the CEO of the company. “Under this leadership, there will ...

Gas in Europe jumped 10% on Russia’s decision to transfer payment for gas in rubles.

Gas in Europe jumped 10% on Russia’s decision to transfer payment for gas in rubles. The spot price of gas in Europe jumped by 10% on the announcement of Russia’s decision to require payment for gas exports in rubles. This contributed to an increase from over the previous day o...

Wednesday, March 23

Ukraine will continue gas transit until it is technically possible.

Ukraine will continue gas transit until it is technically possible. Ukraine will continue the transit of Russian natural gas while it is technically feasible but proposes to freeze funds from its sale in escrow accounts until the withdrawal of Russian troops from Ukr...

Tuesday, March 22

All Ukrainian Nuclear Power Plants operate stably.

All Ukrainian Nuclear Power Plants operate stably. According to Energoatom, all four operational nuclear power plants in Ukraine continue to generate electricity stably. It is noted that the total current capacity of nuclear power plants is providing...

Monday, March 21

Australia will provide Ukraine with 70,000 tons of coal.

Australia will provide Ukraine with 70,000 tons of coal. Australia will provide at least 70,000 tons of thermal coal to Ukraine free of charge, stated the Ministry of Energy of Ukraine on Facebook. “At the request of the Government of Ukraine, Austra...

Friday, March 18

Electricity trade with Europe will bring billions to Ukraine every year.

Electricity trade with Europe will bring billions to Ukraine every year. Electricity trade with Europe, made possible by Ukraine’s accession to the European grid, will bring Ukraine billions of euros in foreign exchange earnings each year, said Chairman of the Board...

Thursday, March 17

Germany’s largest energy company stops buying gas from Gazprom.

Germany’s largest energy company stops buying gas from Gazprom. Reuters reported that Germany’s largest energy company E.ON has stopped buying new amounts of gas from Gazprom’s trading companies in Europe. The group said that although it had no long-te...

Tuesday, March 15

Russian oil companies have difficulties selling their products on the market.

Russian oil companies have difficulties selling their products on the market. Zarubezhneft’s tender for the sale of six batches of Urals oil was unsuccessful, as none of the buyers responded to the offer. The total volume of oil offered for sale amounted to 600,000 tons ...

Monday, March 14

The power supply to the Chernobyl NPP has been restored.

The power supply to the Chernobyl NPP has been restored. The power supply has been reconnected at the Chernobyl nuclear power plant, and now the cooling systems for the spent nuclear fuel assemblies will work normally and not be reliant upon the reserve pow...

The Ukrainian energy system is stable.

The Ukrainian energy system is stable. According to Prime Minister Denys Shmyhal, we have four nuclear power plants operating steadily, as well as all hydroelectric and thermopower plants. There are also agreements with Poland to supply ad...

Wednesday, March 9

The Europex Energy Exchange Association has excluded the Russian stock exchange.

The Europex Energy Exchange Association has excluded the Russian stock exchange. The Association of European Energy Exchanges (Europex) has excluded the St. Petersburg International Commodity Exchange (SPIMEX) from its membership. Europex and its members are deeply concerned and s...

In 2022, Ukraine has imported almost 500 million cubic meters of gas.

In 2022, Ukraine has imported almost 500 million cubic meters of gas. According to the head of the GTS of Ukraine, Serhiy Makogon, the daily gas import is about 9 million cubic meters, where 49% of the total imports come from Hungary, 29% from Slovakia, and 22% from Pol...

Tuesday, March 8

The US Congress is preparing a plan to block Russian oil and may approve $10B in aid to Ukraine.

The US Congress is preparing a plan to block Russian oil and may approve $10B in aid to Ukraine. U.S. House Speaker Nancy Pelosi said Sunday that the House is studying legislation to ban Russian oil imports, and Congress intends to approve $10B in aid to Ukraine this week. “The House of Re...

Oil prices soar to $139 per barrel.

Oil prices soar to $139 per barrel. Oil went up on March 7 to the highest level since 2008, reaching $139 per barrel after reports on the possible introduction of a US ban on its import from Russia. The United States and its allies in ...

Europe’s gas price reached $3,060 for the first time in history.

Europe’s gas price reached $3,060 for the first time in history. Gas prices in Europe are rising rapidly and have already exceeded $3,000 per thousand cubic meters. During the day, the price of fuel has grown by 38%, according to the ICE. Gas futures for April deli...

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