Energy

Thursday, March 6

Germany is seeking ways to counter Putin and Trump’s plans to restart Nord Stream 2 and is preparing to invest billions in defense.

Germany is seeking ways to counter Putin and Trump’s plans to restart Nord Stream 2 and is preparing to invest billions in defense. The German government is exploring options to prevent the relaunch of the Nord Stream 2 pipeline in the Baltic Sea, which was damaged in a 2022 explosion. Rumors of a deal between Trump and Putin rega...

The EU is considering a new scheme for supplying gas to Ukraine and three other European countries.

The EU is considering a new scheme for supplying gas to Ukraine and three other European countries. The EU is considering the option of supplying gas to Ukraine, Hungary, Slovakia, and Moldova using Ukrainian underground storage facilities. It is assumed that the gas would be pumped into Ukrainian u...

Tuesday, March 4

Ukrainian gas reserves at the end of winter have been reduced to a historic low, forcing enormous imports.

Ukrainian gas reserves at the end of winter have been reduced to a historic low, forcing enormous imports. Ukrainian underground storage facilities contained about 6.3 billion cubic meters of gas as of the end of February, which is a historic low for this period. This is 31% below the average level in 2015...

Monday, March 3

The US is preparing to restart Nord Stream 2, and international investors are acquiring assets related to Russia.

The US is preparing to restart Nord Stream 2, and international investors are acquiring assets related to Russia. The US is formulating a project to reactivate the Russian gas pipeline Nord Stream 2. According to the FT, this initiative is associated with Matthias Warnig, a close Putin ally, who led Nord Stream 2...

Thursday, February 27

The EU plans to cut energy imports by €45B by the end of the year.

The EU plans to cut energy imports by €45B by the end of the year. The European Commission is set to present a plan to support European industry, which is struggling with weak demand, cheap imports and higher energy costs than in the US and China. The initiative incl...

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation.

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation. Naftogaz Group will receive funding from Norway through the EBRD for gas procurement. This financing is part of a broader assistance package designed to bolster Ukraine’s energy security. In tot...

Tuesday, February 25

Gas procurement, renewable energy, and electricity market integration: EU to assist Ukraine in rebuilding its energy system.

Gas procurement, renewable energy, and electricity market integration: EU to assist Ukraine in rebuilding its energy system. The European Commission has proposed a new assistance package to expedite the integration of Ukraine’s energy market with its European counterpart, aiming for the electricity market’s full integ...

Monday, February 24

Following Russian attacks, Ukrainian gas production has decreased by 40%, forcing it to import fuel.

Following Russian attacks, Ukrainian gas production has decreased by 40%, forcing it to import fuel. After Russian missile strikes on gas infrastructure, gas production in Ukraine has decreased by 40%. In February and March, Ukraine plans to import up to 800 million cubic meters of blue fuel from Eur...

Thursday, February 20

Ukraine declines to incorporate Turkish Karpowership power plants into its energy system because of their high generation cost.

Ukraine declines to incorporate Turkish Karpowership power plants into its energy system because of their high generation cost. A new type of electricity generation for Ukraine – power plants offered for rent by Turkish Karpowership – will remain as a concept. Even though Ukraine spent about UAH 300M to prepare the infrastruct...

Wednesday, February 19

The prospect of a peaceful settlement is prompting Europe to consider resuming Russian gas supplies.

The prospect of a peaceful settlement is prompting Europe to consider resuming Russian gas supplies. Amid discussions about a potential end to the war in Ukraine, European officials are starting to contemplate renewing Russian gas purchases. The Economist notes that some officials are already “...

Friday, February 14

Why have Ukrainian gas reserves fallen to a record low?

Why have Ukrainian gas reserves fallen to a record low? According to an analysis by DiXi Group, Ukraine has not yet fully transitioned to self-sufficient gas supply through domestic production. “Due to the full-scale war, demand for blue fuel decreas...

Thursday, February 13

Winning the Economic and Financial War in Ukraine.

Winning the Economic and Financial War in Ukraine. In advance of expected talks upon Trump’s presidency in early 2025, “land for peace” has become the catchphrase uttered by those who want a quick end to the war. Central among the innumerable c...

Another Ukrainian company has begun exporting biomethane to the EU.

Another Ukrainian company has begun exporting biomethane to the EU. A biomethane plant ownded by the agro-industrial holding MHP exported 27,400 cubic meters of biomethane to the EU, making it the second Ukrainian company to export this gas. MHP exported the biomethan...

Wednesday, February 12

To worsen the situation with energy supplies, Russia is striking Ukraine’s gas infrastructure.

To worsen the situation with energy supplies, Russia is striking Ukraine’s gas infrastructure. Amid reports that Ukraine faces a tense situation regarding its gas reserves and its aspirations to become an EU gas hub, Russia has launched another attack on Ukraine’s gas infrastructure. In t...

Tuesday, February 11

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure.

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure. The Antimonopoly Committee of Ukraine (AMCU) has approved the Cypriot company Vi.An Holding Limited’s acquisition of the Borshchiv Agrarian Company based in the Lviv region. The beneficial owner...

How much new generation does Ukraine need to avoid an electricity shortage?

How much new generation does Ukraine need to avoid an electricity shortage? According to analysts, by 2026 Ukraine must install 4.3 GW of green generation and 1.1 GW of gas-fired plants to meet its urgent energy needs. Solar power plants can play a key role in updating the en...

Monday, February 10

Biden’s farewell sanctions have collapsed Russian oil prices.

Biden’s farewell sanctions have collapsed Russian oil prices. In the last days of his term, the Biden administration imposed strict sanctions against more than 180 Russian tankers, dozens of oil trading and insurance companies, and two production companies. Afte...

Ukraine has started supplying biomethane to the EU.

Ukraine has started supplying biomethane to the EU. The State Customs Service has completed the customs declaration required to move the first batch of biomethane across Ukraine’s customs border for export to Europe by pipeline. “Ukraine ha...

Ukraine wants to become a hub for US LNG in Europe.

Ukraine wants to become a hub for US LNG in Europe. Ukraine plans to become a hub for supplying American liquefied natural gas (LNG) to the EU countries and is ready to conclude relevant contracts, said President Zelenskyy. According to him, a Ukrainia...

Tech4Good Global Challenge #1: Energy for Ukraine.

Tech4Good Global Challenge #1: Energy for Ukraine. In late 2024, Tech4Good Global Challenge #1: Energy for Ukraine, a private initiative led by independent experts in tech, energy, and public sectors, launched a global search for innovative energy sol...

Thursday, February 6

The Mykolaiv region is looking for investment to increase its distributed generation.

The Mykolaiv region is looking for investment to increase its distributed generation. To strengthen the Ochakiv urban territorial community’s energy security, local authorities have announced a project to install four cogeneration plants, each with a 1 MW capacity. The plants are...

Ukraine has offered its gas storage facilities for American resources to bolster Europe’s energy security.

Ukraine has offered its gas storage facilities for American resources to bolster Europe’s energy security. Together with his British counterpart David Lammy, Foreign Minister Andriy Sybiha stated that Ukraine can provide its underground gas storage facilities to store American gas, which will help enhance ...

Wednesday, February 5

A 40 MW wind farm will be constructed with backing from a state-owned bank in the Lviv region.

A 40 MW wind farm will be constructed with backing from a state-owned bank in the Lviv region. Oschadbank and the Eco-Optima group of companies have signed several agreements to implement the construction of the Sokalska wind farm in the Lviv region, which will have a total capacity of 39.9 MW....

Friday, January 31

The EU is discussing a return to imported Russian pipeline gas as part of a potential peace deal in Ukraine.

The EU is discussing a return to imported Russian pipeline gas as part of a potential peace deal in Ukraine. Advocates of resuming these purchases argue that this “will lead to lower energy prices in Europe, encourage Russia to engage in negotiations, and provide both sides with reasons to establish an...

Thursday, January 30

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil.

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil. A third company in Ukraine has begun producing biomethane at its facility, and four more are expected to become operational within the year. The first two biomethane plants are reported to have an ann...

Wednesday, January 29

Russia will find itself on the verge of collapse if it loses China, a large oil customer.

Russia will find itself on the verge of collapse if it loses China, a large oil customer. Trading in Russian oil for March loadings in Asia has stopped as China is faced with a wide price gap between buyers and sellers. This comes after tanker freight costs soared due to the latest round o...

Germany has increased its purchases of Russian LNG by over 500% through other EU countries.

Germany has increased its purchases of Russian LNG by over 500% through other EU countries. Although Germany has banned tankers carrying Russian LNG, it continues to acquire it through other EU nations. For instance, the energy company Sefe, which was formerly owned by Gazprom and was nation...

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating.

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating. Prime Minister Denys Shmyhal announced that Ukraine will secure funding from the European Investment Bank to restore the Dnipro hydroelectric power plants and modernize its central heating infrastruct...

Tuesday, January 28

Can a decline in oil prices end the Russian war against Ukraine?

Can a decline in oil prices end the Russian war against Ukraine? US Special Envoy for Ukraine and Russia Keith Kellogg believes that stopping Russian aggression against Ukraine will require a reduction in the price of oil to $45 per barrel. The President of the Str...

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation.

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation. On January 27, the EU Council of Ministers extended its economic sanctions targeting Russia for another six months. The previous restrictions were due to expire on January 31, but they will now be in ...

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market.

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market. Ukrainian companies have built hundreds of megawatts of distributed generation capacity for their own needs but are in no hurry to connect these generation capacities to the power system. The energy m...

The EC may delay its plan to phase out Russian LNG.

The EC may delay its plan to phase out Russian LNG. The European Commission is likely to postpone the planned publication date of a roadmap for phasing out the last types of Russian fuel imports, including liquefied natural gas, Bloomberg reports. The ...

Monday, January 27

Zelenskyy and Sandu discuss gas issues in Kyiv: Ukraine is ready for fuel transit from Azerbaijan.

Zelenskyy and Sandu discuss gas issues in Kyiv: Ukraine is ready for fuel transit from Azerbaijan. After talks in Kyiv, Ukrainian President Volodymyr Zelenskyy and Moldovan President Maia Sandu issued a joint statement condemning the suspension of Russian gas supplies to Transnistria, an independen...

Trump seeks to collapse oil prices and deprive Putin of resources to fund his war; Saudi Arabia and Russia have responded.

Trump seeks to collapse oil prices and deprive Putin of resources to fund his war; Saudi Arabia and Russia have responded. Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim, in response to US President Donald Trump’s call to reduce oil prices, noted that his country is focused on the oil market...

Thursday, January 23

Last year, Ukraine imported the largest amount of electricity in 11 years.

Last year, Ukraine imported the largest amount of electricity in 11 years. The total reached almost 4.5 million MWh. In contrast, according to Energy Map, electricity exports fell to a record low of only 350,000 MWh. The main reason for this imbalance was Russia’s mass...

DTEK is investing €450M in the construction of the second stage of the Tyligulska Wind Power Plant.

DTEK is investing €450M in the construction of the second stage of the Tyligulska Wind Power Plant. This is the largest private investment in Ukraine since the start of the full-scale Russian invasion. The project will be the largest wind farm in Eastern Europe to be built in the last decade. To imp...

Wednesday, January 22

Markets in the US and EU react differently to Trump’s new energy policy.

Markets in the US and EU react differently to Trump’s new energy policy. On Monday, 47th US President Donald Trump declared an energy emergency, allowing energy extraction in places previously where it was previously prohibited. “We will drill. We will become a rich ...

The EC is developing a plan to completely stop Russian gas imports; Trump offers an alternative.

The EC is developing a plan to completely stop Russian gas imports; Trump offers an alternative. The European Commission is working on a plan to remove all Russian fossil fuels from the EU market, EC spokeswoman Anna-Kaisa Itkonen said in Brussels on January 20. She added that the EU has cut all ...

Tuesday, January 21

Analysts sum up another year of war for the Ukrainian energy sector.

Analysts sum up another year of war for the Ukrainian energy sector. In 2024, Ukraine’s power system lost more than 10 GW of generating capacity as a result of 13 large-scale attacks by the Russian Federation. This is more than half of the peak demand in winter, ...

Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports.

Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports. China increased its crude oil imports from Russia in 2024 by 1% compared to 2023 to a record level. Imports from Russia amounted to 108.5 million tons, equivalent to 2.17 million barrels per day. Seab...

Monday, January 20

The loss of Ukraine’s lithium deposits to Russia threatens Europe’s energy independence.

The loss of Ukraine’s lithium deposits to Russia threatens Europe’s energy independence. Lithium is the primary raw material for the future of green energy in Europe. It is needed to produce electric vehicle batteries, renewable energy storage devices, and digital devices. Ukraine is a ke...

Friday, January 17

News from Ukraine’s gas production sector.

News from Ukraine’s gas production sector. The Association of Gas Extracting Companies of Ukraine reports that in 2024, total gross natural gas production in Ukraine amounted to 19.12 billion cubic meters (+2.3% compared to 2023). The companie...

Ukraine has signed a memorandum to create a hydrogen supply corridor to the EU.

Ukraine has signed a memorandum to create a hydrogen supply corridor to the EU. The GTS Operator of Ukraine and several domestic and international organizations signed a memorandum to create and implement the Central European Hydrogen Corridor. The memorandum outlines joint effor...

Thursday, January 16

The EC continues to work on a roadmap to eliminate Russian gas.

The EC continues to work on a roadmap to eliminate Russian gas. The European Commission is working on a roadmap to end its dependence on Russian gas, said EC spokesperson Anna-Kaisa Itkonen. “Much has already been done. With the advent of the new year, an im...

Tuesday, January 14

Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine.

Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine. Russia’s oil export revenues fell by $1.1B to $14.6B in November 2024 due to lower oil prices and export volumes, according to a study by the KSE. In November, Russian crude oil exports by sea fell by...

Six European countries have called on the G7 to lower the Russian oil price ceiling.

Six European countries have called on the G7 to lower the Russian oil price ceiling. Six EU countries have called on the European Commission to lower the price ceiling for Russian oil that has been set by the G7 countries. Measures aimed at reducing oil export revenues are crucial bec...

DTEK will spend €140M to install six energy storage facilities in different regions of Ukraine.

DTEK will spend €140M to install six energy storage facilities in different regions of Ukraine. Private energy company DTEK is implementing Ukraine’s first large-scale project to create a portfolio of energy storage systems and has already signed a contract with Fluence to install them. The six ...

With each attack by the Kremlin on Ukraine’s energy system costing about $2B, what are the risks for Ukraine’s GTS?

With each attack by the Kremlin on Ukraine’s energy system costing about $2B, what are the risks for Ukraine’s GTS? Each missile attack on Ukraine’s energy system costs Russia up to $2B, and by continuing the transit of Russian gas, Ukraine helped the aggressor to earn money for these attacks, said Serhiy Mak...

Monday, January 13

Ukraine has produced the first million cubic meters of biomethane, and the selection of communities to launch waste-fired CHPs is underway.

Ukraine has produced the first million cubic meters of biomethane, and the selection of communities to launch waste-fired CHPs is underway. The first two biomethane producers in Ukraine pumped their first million cubic meters of biomethane into underground gas storage facilities in the last months of 2024, said the head of the Bioenergy A...

Friday, January 10

The US calls the suspension of Russian gas transit through Ukraine one of Moscow’s biggest and most expensive defeats.

The US calls the suspension of Russian gas transit through Ukraine one of Moscow’s biggest and most expensive defeats. Ukraine’s decision to stop transporting Russian gas through its territory was one of Moscow’s largest and costliest defeats, White House adviser John Kirby believes. According to him, Russ...

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