Energy

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...

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn.

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn. On December 10, The World Bank Group’s IFC plans to consider the provision of a €55M loan to Concern Galnaftogaz to finance the construction of a wind farm with a 147 MW capacity in the Volyn re...

Wednesday, November 27

Ukraine’s EU allies are allocating hundreds of millions for energy and military support.

Ukraine’s EU allies are allocating hundreds of millions for energy and military support. On December 4, the EBRD will approve a loan of up to €180M to Ukrzaliznytsia to finance the purchase and installation of equipment for small gas-fired generation with a total capacity of up to 270 MW....

Tuesday, November 26

Several new biomethane plants will be launched in Ukraine.

Several new biomethane plants will be launched in Ukraine. Serhiy Labazyuk is the founder of the Vitagro group of companies, which in the fall commissioned and connected to Ukraine’s gas transmission system a biomethane plant with a capacity of three mi...

Dragon Capital and Epicentr are installing solar panels on the roofs of their Ukrainian facilities.

Dragon Capital and Epicentr are installing solar panels on the roofs of their Ukrainian facilities. By April 2025, the investment company Dragon Capital will install solar panels with a capacity of 1.2 MW on the roof of the company’s warehouse in Tarasivka, said top manager Volodymyr Tymochko....

Ukraine has reduced its gas imports by 86% after increasing its production.

Ukraine has reduced its gas imports by 86% after increasing its production. According to the DiXi Group, in 2023 the state imported 1.2 billion cubic meters of gas. However, in the first half of 2024 import volumes fell to 170 million cubic meters, 98% of which came from Hung...

The EU and the US will provide $112M to the Ukrainian to the private energy holding to restore infrastructure.

The EU and the US will provide $112M to the Ukrainian to the private energy holding to restore infrastructure. The EC is providing €62.8M to the DTEK energy company for equipment and materials needed to restore generation capacity after Russian attacks, and the US government is providing $46.1M to purchase con...

The war in Ukraine will force Europe into a new energy crisis.

The war in Ukraine will force Europe into a new energy crisis. The war in Ukraine has contributed to a rise in gas prices by about 45% this year. Bloomberg writes that although the price level is still below 2022’s record levels, it is high enough to strain...

Monday, November 25

Several projects are being implemented in Ukraine to improve energy efficiency and energy independence for communities.

Several projects are being implemented in Ukraine to improve energy efficiency and energy independence for communities. The State Agency for Reconstruction has begun collecting applications from territorial communities to replace two million streetlights with energy-efficient models and also wants to equip 70 water uti...

Wednesday, November 20

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment?

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment? DTEK representative Nataliya Slobodian said: “This is the only case in world history when a renewable generation facility is being built 100 km from a front line under martial law. We have compl...

Ukraine presents an investment portfolio of green projects worth $78B.

Ukraine presents an investment portfolio of green projects worth $78B. At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less th...

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue.

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue. EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, partic...

Tuesday, November 19

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war.

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war. Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains ...

Monday, November 18

Ukraine announces the construction of more than 800 MW of wind generation in 2025.

Ukraine announces the construction of more than 800 MW of wind generation in 2025. Energy Minister German Galushchenko noted: “There are corresponding plans for the construction of more than 800 MW of wind generation facilities.” He added that Ukraine’s Western par...

Friday, November 15

Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year.

Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year. This will happen even if the OPEC+ oil cartel decides to maintain current production restrictions, the International Energy Agency (IEA) reports. China is one of the key reasons for the expected surpl...

Thursday, November 14

After the inauguration, Trump may move to eliminate Russian oil and gas industry earnings.

After the inauguration, Trump may move to eliminate Russian oil and gas industry earnings. The Russian Federation still makes a great deal of profit from oil and gas supply to EU countries, but this may change after Donald Trump takes office as the US president. Trump is anticipated to prov...

What key Ukrainian industries have suffered enormous losses during the war?

What key Ukrainian industries have suffered enormous losses during the war? The full-scale war has caused severe economic losses to Ukraine. Gross value added fell by 21%, and Ukraine’s need for reconstruction funds totals $486B. Ukraine’s industrial sector, once ...

Wednesday, November 13

The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas.

The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas. The EU wants to increase imports of liquefied natural gas from the US to reduce dependence on Russian gas and convince the next US president, Donald Trump, not to impose tariffs on European goods. EU ...

Tuesday, November 12

What is preventing the construction of new renewable energy capacities in Ukraine?

What is preventing the construction of new renewable energy capacities in Ukraine? The accumulation of debt owed to producers in the renewable energy sector hinders the construction of new capacities, which are critically important for overcoming Ukraine’s electricity shortage...

An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets.

An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets. The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would sig...

Monday, November 11

The National Energy and Climate Plan requires over $40B in investment by 2030.

The National Energy and Climate Plan requires over $40B in investment by 2030. Deputy Minister of Economy Oleksiy Sobolev reported: “According to our preliminary estimates, the realization of the goals of the National Energy and Climate Plan requires significant investment...

Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians.

Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians. In Ukraine, increased pressure on commercial activities due to a lack of workers in the third quarter of the year was due to an increase in migration outflow that was beyond expectations, mainly due t...

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