Energy

Wednesday, December 4

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...

Friday, November 8

Concorde Capital will compete with DTEK and is building a $1B energy company.

Concorde Capital will compete with DTEK and is building a $1B energy company. Investment company Concorde Capital is working build an energy company worth $1B, company founder Ihor Mazepa said. Concorde Capital and its partners, including the American DFC, have invested €32M in...

In Ukraine, the connection of biomethane producers to gas distribution systems has been simplified to promote exports.

In Ukraine, the connection of biomethane producers to gas distribution systems has been simplified to promote exports. The National Commission for Regulation of the Energy Market of Ukraine has simplified the technical requirements for connecting biomethane production facilities to gas distribution systems. A newly ap...

Tuesday, November 5

UWEA: Investors are preparing to create a green energy development fund in Ukraine.

UWEA: Investors are preparing to create a green energy development fund in Ukraine. Preparatory work is underway in Ukraine to create a fund that international financial organizations will finance to stimulate the construction of renewable energy facilities, said Andriy Konechenkov, ...

Monday, November 4

The government and energy companies assess Ukraine’s readiness for winter.

The government and energy companies assess Ukraine’s readiness for winter. Considering gas consumption by power plants, Ukraine will have enough resources for the upcoming winter season, Energy Minister Herman Galushchenko assured the public. According to him, Ukraine has ag...

Bloomberg reports that Europe is nearing an agreement on gas transit from Azerbaijan through Ukraine; Bratislava and Kyiv deny such plans.

Bloomberg reports that Europe is nearing an agreement on gas transit from Azerbaijan through Ukraine; Bratislava and Kyiv deny such plans. Companies from Hungary and Slovakia are close to signing a contract that would supply up to 14 billion cubic meters of gas per year from Azerbaijan following the completion of a transit agreement betw...

Friday, November 1

Ukraine can become the Eastern European gas hub with its increased production.

Ukraine can become the Eastern European gas hub with its increased production. Deputy Minister of Energy Mykola Kolisnyk stated that the production increase is a crucial factor in reducing Ukraine’s dependence on global markets, while also raising the possibility of a stab...

Wednesday, October 30

The EU countries have helped Moscow to finance 1.5 years of war by buying Russian energy sources.

The EU countries have helped Moscow to finance 1.5 years of war by buying Russian energy sources. Although the EU countries began to reduce their dependence on Russian energy products after the start of the full-scale invasion, they continued to import them. In total, the money Russia earned from ...

The World Bank predicts a historic oil surplus that will cause prices to fall in 2025.

The World Bank predicts a historic oil surplus that will cause prices to fall in 2025. The World Bank predicts that in 2024-2025 global oil supply will exceed demand by an average of 1.2 million barrels per day. This surplus will likely limit the price effects from an even wider conflic...

Tuesday, October 29

German businesses contemplate their options as the suspension of military reservations threatens companies working in Ukraine.

German businesses contemplate their options as the suspension of military reservations threatens companies working in Ukraine. The suspension of the reservation of Ukrainian workers, despite the millions of dollars invested by German companies to support Ukraine’s economy during the war, threatens the business community...

Ukraine must stop the accumulation of debts in green energy payments because it harms investment.

Ukraine must stop the accumulation of debts in green energy payments because it harms investment. The situation with debt in the renewable energy market is still critical, so the state should find ways to solve this problem and prevent it from becoming an obstacle to attracting investment in the g...

Friday, October 25

Most Ukrainian businesses invest in building their energy independence.

Most Ukrainian businesses invest in building their energy independence. According to EBA research, this summer’s power outages affected the operations of 87% of companies in Ukraine. Among the companies surveyed, 67% had to suspend work, 60% had increased production...

Tuesday, October 22

Denmark will provide Ukrainian cities with loans of up to €100M for energy-efficient projects that have been unable to attract investors.

Denmark will provide Ukrainian cities with loans of up to €100M for energy-efficient projects that have been unable to attract investors. The Ukrainian government has approved a procedure for selecting projects enabling energy efficiency, energy saving, and alternative fuels, which will be financed within the Danida Business Finance pro...

Friday, October 18

The EU’s refusal to buy Russian gas will deprive the aggressor of $6.5B annually.

The EU’s refusal to buy Russian gas will deprive the aggressor of $6.5B annually. The European Union’s willingness to abandon Russian gas and the cessation of its supply to the EU benefit Ukraine, as it deprives the aggressor country of annual budget revenues of $6.5B, noted ...

Ukraine offers new schemes and conditions for supplying the EU’s gas.

Ukraine offers new schemes and conditions for supplying the EU’s gas. Ukraine has offered Slovakia and Azerbaijan a new scheme for gas supplies through its territory to the EU. Discussions are centered on the option of storing gas in Ukrainian underground storage facili...

Thursday, October 17

The EU is ready to end Russian gas transit through Ukraine and condemns Hungary for its agreements with Gazprom,

The EU is ready to end Russian gas transit through Ukraine and condemns Hungary for its agreements with Gazprom, said European Commissioner for Energy Kadri Simson after a meeting of energy ministers in Luxembourg. “We knew this contract would expire before the end of the year. The EC is working closely wi...

Wednesday, October 16

The Zhytomyr region is constructing alternative power generation: Turkish investors will build a wind farm.

The Zhytomyr region is constructing alternative power generation: Turkish investors will build a wind farm. A Turkish company, Atlas Global Energy, plans to build new wind energy facilities in the Zhytomyr region, reported the head of the Zhytomyr OVA, Vitaliy Bunechko. “We are sure that the new wind ...

The EU is considering two options for gas transit through Ukraine.

The EU is considering two options for gas transit through Ukraine. Energy ministers from European countries are discussing the import of Russian natural gas against the backdrop of Ukraine’s suspension of transit beginning December 31. Kyiv and Moscow have stat...

Tuesday, October 15

Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year.

Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year. According to KSE analyses, Moscow has increased the volume of its shadow fleet of oil tankers by almost 70% despite restrictions targeting insurers and shipping companies. The volume of Russian oil tr...

Ukrainian businesses have already received loans sufficient to launch 200 MW of generation, and the Ministry of Energy is confident Ukraine will add 1 GW of distributed generation.

Ukrainian businesses have already received loans sufficient to launch 200 MW of generation, and the Ministry of Energy is confident Ukraine will add 1 GW of distributed generation. According to the NBU, from June to September the majority of borrowed funds were for the purchase and installation of gas-piston cogeneration plants (96 MW), the purchase of diesel and gasoline genera...

Foreign investors: Ukraine should create investor friendly conditions for green energy.

Foreign investors: Ukraine should create investor friendly conditions for green energy. According to VR Capital Group, Ukraine must ensure regulatory predictability and stability in order for foreign investors to implement fast construction of new green energy capacities. “We would...

Friday, October 11

This year, businesses intensified their development of renewable energy sources, and non-core companies are entering the market.

This year, businesses intensified their development of renewable energy sources, and non-core companies are entering the market. As a result of the war-induced crisis of traditional power generation, this year businesses were forced to step up the development of renewable energy sources compared to 2023. Two examples are the VR...

Is Ukraine ready for winter without the transit of Russian gas?

Is Ukraine ready for winter without the transit of Russian gas? Ukraine is technically ready to get through the winter without the transit of gas through its territory, which is scheduled to stop entirely on December 31, said head of Naftogaz Oleksiy Chernyshov. N...

Thursday, October 10

Ukraine’s electricity deficit may reach 30% of consumption needs.

Ukraine’s electricity deficit may reach 30% of consumption needs. Volodymyr Velychko, Deputy Chairman of the Supervisory Board of Centrenergo, noted: “Foreign partners believe that this winter will be the most difficult for our country in its entire history, e...

This year, the Russian Federation has attacked the Ukrainian energy system with more than 1,000 missiles and drones.

This year, the Russian Federation has attacked the Ukrainian energy system with more than 1,000 missiles and drones. As noted by the Ministry of Energy, the intensity of Russian shelling of Ukrainian energy facilities in 2024 will significantly exceed the number of attacks on energy infrastructure in the previous ye...

Wednesday, October 9

Ukraine can become an EU energy hub, but stopping the transit of Russian gas has certain risks.

Ukraine can become an EU energy hub, but stopping the transit of Russian gas has certain risks. Thanks to a robust gas transportation and storage system, Ukraine can become Europe’s energy hub and the anchor of its energy security, said Oleksiy Chernyshov, head of the board of Naftogaz of ...

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