Energy

Tuesday, January 28

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...

Thursday, January 9

Western investors are ready to build 1.5 GW of generation capacity in Ukraine, but the lack of war risk insurance delays investment.

Western investors are ready to build 1.5 GW of generation capacity in Ukraine, but the lack of war risk insurance delays investment. Oleksandr Kharchenko, director of the Energy Research Center, said that American and European investors are ready to invest in Ukrainian energy despite the war and have potential projects to construct...

Wednesday, January 8

How much will Ukraine and Russia lose from stopping gas transit?

How much will Ukraine and Russia lose from stopping gas transit? Stopping Russian gas transit through Ukraine deprives Russia of some income, but the European gas market is not entirely lost for Moscow. In 2024, Gazprom sold gas worth about $6B through Ukraine. Ana...

Tuesday, January 7

Ukraine has approved energy independence passports for each region in order to stimulate distributed generation investment.

Ukraine has approved energy independence passports for each region in order to stimulate distributed generation investment. The Ministry of Community and Territorial Development and the Ministry of Energy have approved energy independence passports for each region of Ukraine. The regional energy passport is a comprehensive...

Ukraine is increasing gas production for the second year in a row.

Ukraine is increasing gas production for the second year in a row. According to industry experts, in 2024 Ukraine increased gas production by 2.2% – to 19.12 billion cubic meters. The production growth rate in 2024 was higher than in 2023 when production increased by...

A historical precedent: Wind overtakes gas in UK electricity generation.

A historical precedent: Wind overtakes gas in UK electricity generation. For the first time in history, wind turbines provide more electricity in the UK than gas-fired power stations. Last year, wind power accounted for 29% of the country’s total energy mix, while gas-fire...

Monday, January 6

How does the end of Russian gas transit through Ukraine affect the European market?

How does the end of Russian gas transit through Ukraine affect the European market? European natural gas prices rose for the third week as the market grapples with dwindling inventories and supply constraints after the loss of Russian gas flows through Ukraine on January 1, 2025. ...

The Ukrainian government announced a new operation model for the Ukrainian gas transport system after ceasing Russian gas transit.

The Ukrainian government announced a new operation model for the Ukrainian gas transport system after ceasing Russian gas transit. Prime Minister of Ukraine Denys Shmyhal stated: “The Ukrainian gas transportation system now operates without the transit of Russian gas and will implement a new operational model this year. We ...

Monday, December 23

Ukraine will cease the transit of Russian gas on January 1, but pro-Russian EU leaders have not given up hope for its continuation.

Ukraine will cease the transit of Russian gas on January 1, but pro-Russian EU leaders have not given up hope for its continuation. Beginning January 1 2025, the Ukrainian GTS will be able to transport gas of Russian origin only at the request of the European Commission, Prime Minister Denys Shmyhal said. At the same time, accordi...

Friday, December 20

Ukraine and Poland plan to create an Eastern European gas hub that will replace the transit of Russian gas for Europe.

Ukraine and Poland plan to create an Eastern European gas hub that will replace the transit of Russian gas for Europe. According to Deputy Energy Minister Mykola Kolisnyk, the completion of Russian gas transit through Ukraine will begin competition for new routes and resources, including LNG, which is becoming an incr...

Europe struggles to rid itself of its dependence on Russian gas.

Europe struggles to rid itself of its dependence on Russian gas. The EU is gradually increasing the share of Russian gas in total gas imports. After the start of the full-scale Russian invasion of Ukraine, this share collapsed, but over the past year, it has grown ...

Thursday, December 19

Piraeus Bank sponsored the War & Politics Live event in Kyiv: What the Future Holds for Ukraine in 2025.

Piraeus Bank sponsored the War & Politics Live event in Kyiv: What the Future Holds for Ukraine in 2025. On December 13, the UBN Network hosted an event titled “WAR & POLITICS: POST US ELECTIONS – WHAT THE FUTURE HOLDS FOR UKRAINE.” As the general sponsor of UBN’s series of ev...

The war against Ukraine has changed the world’s energy priorities; coal use will reach a new high due to the gas crisis.

The war against Ukraine has changed the world’s energy priorities; coal use will reach a new high due to the gas crisis. According to the IEA, in 2024 the world’s coal use will reach a new high of 8.7 billion tons and remain at a high level for several years. The cause is the Russian-Ukrainian war, which has led t...

Wednesday, December 18

A Canadian company will acquire several solar power plant in Ivano-Frankivsk, increasing its Ukrainian portfolio to seven plants.

A Canadian company will acquire several solar power plant in Ivano-Frankivsk, increasing its Ukrainian portfolio to seven plants. The Antimonopoly Committee of Ukraine has granted permission to TIU 1, part of the Canadian group TIU Canada, to acquire control over four solar power plants in Ivano-Frankivsk. The company will acqui...

Tuesday, December 17

Hungary has become a trading center for Russian gas, but the country’s energy security does not justify increased purchases.

Hungary has become a trading center for Russian gas, but the country’s energy security does not justify increased purchases. Attila Holoda, former head of Hungarian oil and gas company MOL, noted: “Hungary has become a trading center for Russian gas. While Europe is moving away from Russian energy sources, Hungary is ...

Monday, December 16

Russia continues its devastating attacks on the Ukrainian energy sector, and here is why.

Russia continues its devastating attacks on the Ukrainian energy sector, and here is why. The series of Russian strikes on Ukraine’s energy sector is part of a campaign aimed at freezing the country in winter, as well as forcing the West to adopt political decisions that are favorabl...

The EU will continue to assist Ukraine’s energy sector; the Energy Support Fund has already accumulated over €900M.

The EU will continue to assist Ukraine’s energy sector; the Energy Support Fund has already accumulated over €900M. The EC will continue to provide all the necessary support to Ukraine’s energy sector – not only in the winter but also in the future, said Mechthild Wörsdörfer, deputy director general for the E...

Ukraine’s largest alternative electricity producer invests €300M in constructing a 200 MW wind farm.

Ukraine’s largest alternative electricity producer invests €300M in constructing a 200 MW wind farm. Ukraine’s largest alternative electricity producer – Elementum Energy, owned by the international VR Capital Group, has launched a 200 MW wind farm project in western Ukraine. The power plant wi...

Tuesday, December 10

The EU continues to fuel the Russian economy by increasing fuel purchases from Russian oil in India.

The EU continues to fuel the Russian economy by increasing fuel purchases from Russian oil in India. According to a report by the Center for the Study of Democracy (CSD), from January to August 2024 the EU bought almost 20% more fuel from three major Indian refineries that use Russian oil than last y...

Friday, December 6

Ukraine will stop the transit of Russian gas beginning January 1, 2025; if necessary, it will import through Slovakia and Poland.

Ukraine will stop the transit of Russian gas beginning January 1, 2025; if necessary, it will import through Slovakia and Poland. The halt of Russian gas transit through the territory of Ukraine from January 1 will become a reality, said Deputy Head of the Ministry of Energy Roman Andarak during the Ukrainian Energy Security Dia...

Ukrainian biomethane can displace Russian gas from the EU market.

Ukrainian biomethane can displace Russian gas from the EU market. Ukrainian biomethane can become a key factor in reducing the European Union’s dependence on Russian gas, Deputy Minister of Energy Mykola Kolisnyk said. The EU is also helping Ukraine harmonize ...

France wants to be part of the logistics, energy, and telecommunications recovery in Ukraine.

France wants to be part of the logistics, energy, and telecommunications recovery in Ukraine. France is committed to facilitating the participation of French companies and other stakeholders in Ukraine’s reconstruction. In addition to concessional loans, export insurance, and military ri...

Thursday, December 5

The US and Denmark will provide Ukraine with over $830M in energy support.

The US and Denmark will provide Ukraine with over $830M in energy support. Ukrainian Foreign Minister Andriy Sybiha and US Secretary of State Antony Blinken signed a memorandum of understanding on cooperation to ensure the sustainability of Ukraine’s energy system. The...

Ukrainian household solar power generation capacity exceeds 1.5 GW: Where has the most been installed?

Ukrainian household solar power generation capacity exceeds 1.5 GW: Where has the most been installed? The total capacity of solar power generation installed by private households in Ukraine has already exceeded 1.5 GW. The regions have published data on the number of installed installations. Still, in...

Wednesday, December 4

Ukraine needs air defense systems to protect 20 facilities; the UN discusses protection of the Ukrainian energy sector.

Ukraine needs air defense systems to protect 20 facilities; the UN discusses protection of the Ukrainian energy sector. President Zelenskyy said that Ukraine needs additional air defense systems to protect 20 more special facilities from Russian air attack. Meanwhile, on December 2 the UN discussed the problems of prot...

Gals Agro becomes the second company able to supply biomethane to the Ukrainian gas transmission system: When are exports expected to start?

Gals Agro becomes the second company able to supply biomethane to the Ukrainian gas transmission system: When are exports expected to start? Horodishche-Pustovarivskaya Agrarian Company (GOPAK), part of the Gals Agro agroholding, is the second company in Ukraine to start supplying biomethane it produces into the Ukrainian gas transportatio...

Against intensified attacks on the energy sector, businesses worsened their expectations in November.

Against intensified attacks on the energy sector, businesses worsened their expectations in November. The Business Expectations Activity Index (BAEI) decreased to 47.2 points in November, compared to 49.4 in October and 48.7 in September, the National Bank reported. The following factors had a negativ...

Monday, December 2

After the latest massive Russian attack on Ukraine’s energy system, Biden promises further support; Ukraine faces long power outages during winter.

After the latest massive Russian attack on Ukraine’s energy system, Biden promises further support; Ukraine faces long power outages during winter. US President Joe Biden, after the Russian air attack on November 28, made a statement promising further support for Ukrainians. “This attack is outrageous and serves as another reminder of the u...

Friday, November 29

The Ukrainian energy system has once again come under a massive assault by the Russian Federation.

The Ukrainian energy system has once again come under a massive assault by the Russian Federation. On the morning of November 28, Russia attacked energy facilities throughout Ukraine, leaving hundreds of thousands of Ukrainians without electricity, Energy Minister Herman Galushchenko said. As a res...

Thursday, November 28

Russia is preparing to stop gas transit through Ukraine, while its oil and gas revenues have increased by 26% over the year.

Russia is preparing to stop gas transit through Ukraine, while its oil and gas revenues have increased by 26% over the year. In its internal plan for 2025, Russian Gazprom assumes that gas will no longer flow to Europe via transit through Ukraine. This is the base scenario that Russia is considering, writes Reuters. It is p...

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