Energy

Monday, March 7

The Zaporizhzhya NPP remains under the control of the occupiers.

The Zaporizhzhya NPP remains under the control of the occupiers. According to State Inspectorate for Nuclear Regulation, the Zaporizhzhya nuclear power plant (NPP) in Energodar, Zaporizhzhya Oblast, is under the control of the Russian military. “There are tw...

Poland insists on a total embargo on energy exports from Russia.

Poland insists on a total embargo on energy exports from Russia. Poland sees a full embargo on all energy from Russia as the only way to end the war, stated Poland Deputy Minister of Foreign Affairs, Pavel Jablonski. “As long as Putin receives money from oil...

Thursday, February 24

On the second revision of the stand-by program, the IMF mission began working on February 23.

On the second revision of the stand-by program, the IMF mission began working on February 23. The IMF mission led by Ivanna Vladkova Hollar started discussions with Ukrainian authorities on the second revision of the IMF-supported program. In June 2020, the IMF launched a loan program for Ukr...

Wednesday, February 23

Germany suspends certification of Nord Stream 2.

Germany suspends certification of Nord Stream 2. German Chancellor Olaf Scholz announced that he had ordered the withdrawal of a key document needed for the Nord Stream 2 pipeline certification. “The situation today looks fundamentally differ...

Nord Stream 1 should be in a package of sanctions.

Nord Stream 1 should be in a package of sanctions. “Sanctions against the Nord Stream 1 gas pipeline should be part of the package of sanctions that will be imposed in the event of a full-scale military invasion by the Russian Federation, and these sa...

Tuesday, February 22

Oil is getting cheaper due to the possible Russia-US summit.

Oil is getting cheaper due to the possible Russia-US summit. Oil prices fell on Monday, February 21, thanks to a plan by the US president to hold a summit on the Ukrainian crisis and the prospects of signing a nuclear agreement between Iran and world powers ov...

Natural gas prices on the Ukraine Energy Exchange decreased by 13.3% last week.

Natural gas prices on the Ukraine Energy Exchange decreased by 13.3% last week. The starting prices of natural gas on the Ukrainian Energy Exchange (UEE) fell by 13.32% during the week of February 14-18. On February 14, the starting price of the resource was UAH 36,400 per 1 thou...

Naftogaz is demanding $10B in compensation from Russia

Naftogaz is demanding $10B in compensation from Russia through the Arbitration Tribunal in The Hague for assets lost due to the annexation of Crimea. In a lawsuit against Russia, Naftogaz seeks more than $10B in damages, including interest. Arbitration he...

Guaranteed Buyer’s debt to renewable energy producers is still a critical issue.

Guaranteed Buyer’s debt to renewable energy producers is still a critical issue. According to DTEK Energy, As of February 17, the debt situation in the Ukrainian wholesale electricity market remains critical. Since the beginning of the month, debt to RES producers amounted to UAH...

Monday, February 21

Turkey increases imports of pig iron from Ukraine by 9%.

Turkey increases imports of pig iron from Ukraine by 9%. According to Steel Orbis, in 2021, Turkish metallurgical enterprises increased imports of pig iron from Ukraine by 8.8% compared to 2020, to 295.5 thousand tons. The leading supplier of pig iron to Tu...

Ukraine reduced the export of ferroalloys by 8%.

Ukraine reduced the export of ferroalloys by 8%. According to the state report issued by the Customs Service of Ukraine in January 2022, Ukrainian enterprises decreased the export of ferroalloys by 7.9% compared to the same period in 2020, to 41.8 t...

Thursday, February 17

The increase of natural gas extraction rent may damage investment in the industry.

The increase of natural gas extraction rent may damage investment in the industry. In the case of the adoption of laws on newly increased rental rates for gas production, we might expect a shortage of domestic gas production, says EBA. Furthermore, the proposed increase in rates wil...

Wednesday, February 16

The development of the Energy Storage Systems law will increase the stability of the electricity supply.

The development of the Energy Storage Systems law will increase the stability of the electricity supply. In the second reading, the Ukrainian Parliament adopted a bill, (№5436-d), which defines the basic functioning of energy storage systems (SNE) in Ukraine. This law aims to ensure the use of energy st...

Tuesday, February 15

DTEK Energy coal stocks at TPPs increased by 5% over the last week

DTEK Energy coal stocks at TPPs increased by 5% over the last week , to a record 540,000 tons since the beginning of the heating season. Since the beginning of the year, coal reserves at DTEK’s TPPs have doubled from 275,000 tons as of December 31, 2021, to 540...

Monday, February 14

Transit of petroleum products through Ukraine decreased by 60%.

Transit of petroleum products through Ukraine decreased by 60%. In January 2022, the transit volume of oil products through Ukraine decreased by 60% to 800 tons, compared to January 2021. Gasoline transportation to Moldova remained at the January 2021 level, at c...

In February, gas imports to Ukraine have increased.

In February, gas imports to Ukraine have increased. The daily volume of imports is 13.5-14 million m3 per day, said CEO of GTS Operator of Ukraine Serhiy Makogon. Most of the imports come from Hungary – an average of 5.5 million m3 per day. About...

Friday, February 11

Fitch downgraded Naftogaz’s credit rating outlook.

Fitch downgraded Naftogaz’s credit rating outlook. According to Fitch, the revised Naftogaz’s rating has changed from positive to stable. At the same time, the agency left Naftogaz’s credit rating unchanged at level B, which reflects the risk of...

Thursday, February 10

Japan is ready to supply gas to Europe in case of escalation around Ukraine.

Japan is ready to supply gas to Europe in case of escalation around Ukraine. According to NHK, the Japanese government plans to divert some liquefied natural gas imports to European countries that are working to secure energy supplies amid escalating tensions surrounding Ukrai...

Wednesday, February 9

If Russia invades Ukraine, there will be no Nord Stream 2.

If Russia invades Ukraine, there will be no Nord Stream 2. Speaking at a joint news conference with German Chancellor Olaf Scholz, Biden said, “If Russia invades, that means tanks or troops crossing the border of Ukraine, again, then there will be no longer a...

JKX has become a private British company.

JKX has become a private British company. JKX, with the majority shareholders Ihor Kolomoyskyi and Nikolay Bogolyubov, has completed the process of re-registration into a private British company, JKX Oil&Gas LTD, announced the new subsid...

Cherkasy Azot is launching a project to produce the AdBlue additive.

Cherkasy Azot is launching a project to produce the AdBlue additive. This unique additive is used to reduce NO (nitrogen oxide) emissions from cars with diesel engines. The production launch will meet Ukraine’s demand for high-quality certified reagents and displ...

Ukrgasvydobuvannya has launched an exploration well in the Kharkiv region.

Ukrgasvydobuvannya has launched an exploration well in the Kharkiv region. The largest gas producer has launched a new exploration well at the Bezpalivskoye field in the Kharkiv region with a maximum flow rate of 160,000 cubic meters of gas per day. “The location for drilli...

Tuesday, February 8

US and EU to strengthen Europe energy resilience, including Ukraine.

US and EU to strengthen Europe energy resilience, including Ukraine. Within the EU-US Energy Council framework, which will take place in Washington on Monday, the parties must discuss ways to enhance transatlantic energy security. They also intend to increase the ener...

January gas transit through Ukraine decreased by 57%.

January gas transit through Ukraine decreased by 57%. Compared to January last year, the transit of natural gas through Ukraine in January 2022 decreased by 57% to 1.664 billion cubic meters, reported the GTS of Ukraine. It is noted that the transit of &...

A new shipment with 45,000 tons of coal arrived in Ukraine.

A new shipment with 45,000 tons of coal arrived in Ukraine. A ship that delivered 45 thousand tons of coal from Colombia arrived in Ukraine, reported DTEK Energy. The Panamax-class ship docked in the port of TIS and within the coming days will replenish DTEK ...

Natural gas prices last week decreased by 7.1%.

Natural gas prices last week decreased by 7.1%. In February, the starting prices of natural gas on the Ukrainian Energy Exchange (UEE) from January 31 to February 4, 2022, decreased by 7.07%. On January 31, the starting price of natural gas in Feb...

Ukraine is seeking international financial assistance.

Ukraine is seeking international financial assistance. Ukraine is actively negotiating financial support with the IMF, the European Commission, and the United States, said the Minister of finance, Serhiy Marchenko. The Minister noted that the current sit...

Ukraine tax reform wants part-time workers to be taxed.

Ukraine tax reform wants part-time workers to be taxed. A draft of new tax reform is being prepared in Ukraine, according to which more than 20 types of professional activity will be obliged to pay taxes. To pay taxes on part-time work, a person will need ...

Monday, February 7

Ukrtransgas invests UAH 144M in the reconstruction of equipment at Uhersk UGS.

Ukrtransgas invests UAH 144M in the reconstruction of equipment at Uhersk UGS. Naftogaz subsidiary Ukrtransgas has begun reconstruction of the gas dehydration installation at the Uhersk underground gas storage facility (UGS), in which it will invest UAH 144M ($5.15M), reported ...

United Mining and Chemical Company have recorded record profitability.

United Mining and Chemical Company have recorded record profitability. United Mining and Chemical Company (UMCC), which manages the Volnogorsky Integrated Mining and Metallurgical Plant and Irshansky Integrated Mining and Processing Plant, increased its sales income by ...

Friday, February 4

State-owned Ukrgazvydobuvannya increased gas production by 1.8% in January.

State-owned Ukrgazvydobuvannya increased gas production by 1.8% in January. In January 2022, Ukrgazvydobuvannya increased gas production by 1.8% compared to January of 2021, to 1.19 billion cubic meters. It is noted that the volume of natural gas supplied for the needs of Uk...

Energoatom and Canadian OCNI have signed a memorandum of understanding.

Energoatom and Canadian OCNI have signed a memorandum of understanding. State enterprise Energoatom and the Organization of Canadian Nuclear Industries (OCNI) have signed a memorandum of understanding on cooperation in the nuclear energy field. The memorandum’s mission i...

Ukraine and Slovakia increase gas import capacity.

Ukraine and Slovakia increase gas import capacity. The Ukrainian gas market has another opportunity to physically import gas necessary for the stable supply of the autumn-winter heating season and replenishment of strategically important gas reserves...

Thursday, February 3

The IMF is ready to support the countries that will suffer from Russia’s SWIFT disconnection.

The IMF is ready to support the countries that will suffer from Russia’s SWIFT disconnection. The International Monetary Fund is prepared to help countries that may suffer from any side effects of the Russian-Ukrainian conflict and other sanctions imposed by Western governments on Russia. Thi...

The EU proposes classifying gas and nuclear energy sustainable (green) under certain conditions.

The EU proposes classifying gas and nuclear energy sustainable (green) under certain conditions. The necessary criteria is that these projects contribute to the “climate neutrality” transition. In addition, nuclear projects must comply with environmental safety standards, and gas projects should ...

Ukraine can start importing gas from Hungary.

Ukraine can start importing gas from Hungary. For the first time in history, the physical import of gas from Hungary to Ukraine began, announced the CEO at GTS Operator of Ukraine, Serhiy Makogon. Previously, the GTS system could only operate to...

Wednesday, February 2

Gas transit growth through Ukraine lowered gas prices in Europe.

Gas transit growth through Ukraine lowered gas prices in Europe. According to Interfax, gas prices in Europe fell below $900 per thousand cubic meters amid rising Gazprom gas supplies through the Ukrainian. On Tuesday, the nearest (March) futures on TTF on the ICE...

EU gas prices fall on vital renewables output.

EU gas prices fall on vital renewables output. British and Dutch gas prices fell on Monday as gas for power demand decreased due to more substantial wind output and an outlook for higher temperatures. The Dutch day-ahead contract TRNLTTFD1 was dow...

Ukraine to join Nord Stream-2 gas pipeline certification.

Ukraine to join Nord Stream-2 gas pipeline certification. Ukraine will participate in the Russian Nord Stream-2 gas pipeline certification. This was emphasized by the Minister of Energy of Ukraine Herman Galushchenko at a briefing in Brussels on January 20. ...

Tuesday, February 1

An “Investment nanny” will assist with a €30M Clear Energy Group project in Odessa.

An “Investment nanny” will assist with a €30M Clear Energy Group project in Odessa. The Office for Attracting and Supporting Investments, (UkraineInvest), signed a memorandum of understanding with the Clear Energy Group LLC (Kyiv) to implement a waste management complex in the Odessa...

The EU is preparing for a possible halt of gas supply from Russia.

The EU is preparing for a possible halt of gas supply from Russia. The European Union stands ready to cooperate with the United States, Qatar, and Azerbaijan on gas supply if Russia decides to cut or suspend supplies to the EU, said European Foreign Minister Josep Bo...

Monday, January 31

Naftogaz plans to produce 3.3 billion cubic meters of gas in the first quarter.

Naftogaz plans to produce 3.3 billion cubic meters of gas in the first quarter. According to Prime Minister Denis Shmygal, “Currently, we have about 11.5 billion cubic meters in gas storage facilities, in addition, Naftogaz plans to produce another 3.3 billion cubic meters...

Energoatom has launched all 15 power units.

Energoatom has launched all 15 power units. On Sunday morning, the State Nuclear Energy Company, Energoatom connected Unit 4 of the Rivne Nuclear power plant to the grid, thus launching all 15 existing units for the first time in history. On Ja...

Ukrainian storage facilities can become a “gas safe” for Europe.

Ukrainian storage facilities can become a “gas safe” for Europe. The Prime Minister of Ukraine, Denis Shmyhal, said that Ukraine could contribute to a more stable gas situation for Europe by providing part of Ukraine’s underground storage facilities as a gas...

The Ukrainian Institute will design coke batteries for a German company.

The Ukrainian Institute will design coke batteries for a German company. The Ministry of Economics has approved the State Institute for the Design of Coke Chemicals to fulfill a significant economic commitment, and the institute will sign a €2M contract to develop project...

Friday, January 28

Nord Stream 2 will not transmit natural gas if Russia invades Ukraine,

Nord Stream 2 will not transmit natural gas if Russia invades Ukraine, stated the US State Department spokesman Ned Price for npr.org. Currently, gas is not flowing through Nord Stream 2, which is crucial because it means that Nord Stream 2 is not operational. It is lev...

The registration of the subsidiary company of Nord Stream 2 AG in Germany is manipulative.

The registration of the subsidiary company of Nord Stream 2 AG in Germany is manipulative. Chairman of Naftogaz Yuriy Vitrenko called Nord Stream 2 AG’s registration of a subsidiary, Gas for Europe GmbH, in Germany a “manipulation” and a “desire to be above the law....

The Second School of Energy Cooperation announces registration for participants.

The Second School of Energy Cooperation announces registration for participants. This is a unique opportunity for Ukrainians interested in developing renewable energy sources and energy cooperation. The School of Energy Cooperatives is an intensive two-month training that combine...

Thursday, January 27

Ukraine increased steelmaking by 3.6 % over the prior year.

Ukraine increased steelmaking by 3.6 % over the prior year. According to the results from metallurgical enterprises in December 2021, Ukraine increased steel production by 3.6% compared to the same period in 2020, holding 14th place in the ranking of 64 major...

In 2021, the Dnipro Metallurgical Plant increased production by more than 50%.

In 2021, the Dnipro Metallurgical Plant increased production by more than 50%. In 2021, the Dnipro Metallurgical Plant (DMP) increased the production of rolled products by 56.9% compared to 2020, up to 221.2 thousand tons. Production of steel increased by 54.7% compared to 2020...

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