Energy

Wednesday, October 9

Ukraine plans to create the Green Transition Office.

Ukraine plans to create the Green Transition Office. The Ministry of Economy of Ukraine published an order to establish the Office of Green Transition under the Ministry to ensure the implementation of the National Energy and Climate Plan (NECP) for the...

The transit of Russian oil through Ukraine increased by 37%, exceeding one million tons.

The transit of Russian oil through Ukraine increased by 37%, exceeding one million tons. The transit of Russian oil through the Ukrainian section of the Druzhba oil pipeline in September increased by 37% to 1.06 million tons. According to analysts, except for record volumes in July, the t...

Tuesday, October 8

WPPs are expanding their footprint in Ukraine: State and private companies plan to launch two 600 MW plants in the Ternopil and Vinnytsia regions.

WPPs are expanding their footprint in Ukraine: State and private companies plan to launch two 600 MW plants in the Ternopil and Vinnytsia regions. State enterprise Naftogaz Bioenergy is studying the possibility of building a wind power plant in the Ternopil region. A draft memorandum has been prepared that outlines cooperation between the Saranc...

Friday, October 4

Ukraine resumed exporting small volumes of electricity, demonstrating that the energy system is recovering.

Ukraine resumed exporting small volumes of electricity, demonstrating that the energy system is recovering. In the last days of September, for the first time since May of this year, Ukraine exported about 0.8 GWh of electricity during a period of small domestic demand, according to the Center for Economic S...

Thursday, October 3

Piraeus Bank joins leaders from the business community to discuss strategic planning at the War & Business event hosted by UBN.

Piraeus Bank joins leaders from the business community to discuss strategic planning at the War & Business event hosted by UBN. Piraeus Bank in Ukraine has reinforced its commitment to supporting business resilience and economic planning through its role as the general sponsor of the recent War & Business: Planning for an ...

The US is directing more than $1B to humanitarian support and the energy system’s restoration in Ukraine.

The US is directing more than $1B to humanitarian support and the energy system’s restoration in Ukraine. USAID Administrator Samantha Power reported that more than 250,000 people in our country need rehabilitation support during her third visit to Ukraine since the full-scale war began. Therefore, USAID ...

Saudi Arabia threatens to collapse oil prices to $50, which will hit Russia’s profits.

Saudi Arabia threatens to collapse oil prices to $50, which will hit Russia’s profits. Saudi Arabia will collapse oil prices to $50 per barrel if OPEC+ member countries continue to violate production limits, the country’s oil minister, Abdelaziz bin Salman, warned during a confere...

Ukrainian biomethane producers will have access to gas networks.

Ukrainian biomethane producers will have access to gas networks. The National Energy Regulator of Ukraine approved a draft resolution of amendments to the Code of Gas Distribution Systems. It unifies technical conditions for connecting biomethane production facilit...

Wednesday, October 2

The EU calls energy a decisive front this winter, and urges Ukraine to be allowed strikes on Russian territory.

The EU calls energy a decisive front this winter, and urges Ukraine to be allowed strikes on Russian territory. The head of EU diplomacy, Josep Borrell, said that the main topics in the G7 foreign ministers’ meeting in New York were the support of Ukraine before the approach of winter and the avoidance of...

Opinions of Ukrainian energy experts differ on the duration of winter blackouts.

Opinions of Ukrainian energy experts differ on the duration of winter blackouts. A generation deficit in winter and blackouts are unavoidable, and in the best-case scenario, there will be no electricity for up to five hours a day, said DTEK. And this is provided that Russia inflic...

Experts have proposed a strategy to reduce Russian gas revenues.

Experts have proposed a strategy to reduce Russian gas revenues. Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strateg...

A Ukrainian company, for the first time, has transported biomethane using the domestic gas transmission system and has plans to export.

A Ukrainian company, for the first time, has transported biomethane using the domestic gas transmission system and has plans to export. The VITAGRO group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, supplied biomethane into Ukraine’s gas transportation system, which wi...

Tuesday, October 1

For the first time, a green auction will be held in Ukraine to stimulate renewable energy development.

For the first time, a green auction will be held in Ukraine to stimulate renewable energy development. For the first time in Ukraine, state-owned enterprise Guaranteed Buyer has announced an online auction on October 31 to distribute support quotas for enterprises producing electricity using alternativ...

Monday, September 30

Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG.

Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i...

Thursday, September 26

A Ukrainian company is seeking an investor for a project to relocate a TPP from Turkey to Ukraine.

A Ukrainian company is seeking an investor for a project to relocate a TPP from Turkey to Ukraine. Ukrainian company Energo-Plus Scientific and Production Enterprise, which previously announced its intention to transport a new 60 MW TPP from Turkey and install it in Ukraine, is looking for a privat...

Wednesday, September 25

Ukraine’s allies have provided over $4B in energy support and call for more to be given.

Ukraine’s allies have provided over $4B in energy support and call for more to be given. The G7 countries and other partners have raised more than $4B since the start of Russia’s full-scale invasion to restore Ukraine’s energy infrastructure, US Secretary of State Anthony Blin...

What new energy support did Ukraine’s allies promise?

What new energy support did Ukraine’s allies promise? The Netherlands allocated a new €209.5M aid package to Ukraine to restore critical energy infrastructure. In addition, the Netherlands will contribute €45M to the Energy Support Fund of Ukraine and su...

Elementum Energy plans to build 400 MW of wind power generation in Ukraine at a cost of €500M.

Elementum Energy plans to build 400 MW of wind power generation in Ukraine at a cost of €500M. Elementum Energy, owned by VR Capital, plans to build wind power plants with a capacity of about 400 MW in the south and west of Ukraine in the coming years. Elementum Energy previously announced the...

A turning point for nuclear energy: The world’s largest banks have decided to support the industry.

A turning point for nuclear energy: The world’s largest banks have decided to support the industry. Fourteen global banks, among the largest financial organizations in the world, have pledged to increase their support for tripling global nuclear energy capacity by 2050. More than 20 countries, inclu...

Ukraine should prioritize the development of green energy to attract investment.

Ukraine should prioritize the development of green energy to attract investment. Ukraine should prioritize the development of green energy with specific decisions and actions that will stimulate investors to invest in this industry and reduce the energy deficit, said the top manag...

Tuesday, September 24

Energy experts: Ukraine will enter the winter with a power generation deficit of 4-5 GW.

Energy experts: Ukraine will enter the winter with a power generation deficit of 4-5 GW. Yuriy Korolchuk, an expert at the Institute of Energy Strategies, noted that the existing generation that survived Russian missile attacks will be able to produce about 11 GW of electricity. Thus, the...

By the end of the year, Ukraine can export 100 million cubic meters of biomethane.

By the end of the year, Ukraine can export 100 million cubic meters of biomethane. The MHP agricultural holding’s top manager, Adomas Audickas, said: “If the open markets and buyers are found, Ukraine will be able to export about 100 million cubic meters of biomethane pe...

Solar energy capacity is growing at a record pace, exceeding experts’ forecasts.

Solar energy capacity is growing at a record pace, exceeding experts’ forecasts. According to energy think tank Ember, 593 GW of solar generating capacity will be added by the end of the year, 29% more than last year. These figures are almost 200 GW higher than the International E...

Monday, September 23

Moscow is preparing two scenarios that would allow continued gas transit to the EU; Ukraine states that on is impossible.

Moscow is preparing two scenarios that would allow continued gas transit to the EU; Ukraine states that on is impossible. According to analysts, Russia is considering two scenarios for its return to the European gas market. The first involves the launch of the Nord Stream’s surviving thread, with a capacity of 27.5...

AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter.

AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter. The vast majority (88%) of 139 companies, operating in various sectors of the Ukrainian economy, that participated in the survey are prepared for long-term power outages. 33% can provide their own ene...

Friday, September 20

The EU will help Ukraine secure 4.5 GW of generation capacity and will provide an additional €160M to get through the winter.

The EU will help Ukraine secure 4.5 GW of generation capacity and will provide an additional €160M to get through the winter. The EU will help Ukraine repair 2.5 GW of capacity this winter and export 2 GW of electricity to Ukraine. With these actions, the EU will cover more than 25% of Ukraine’s energy needs for the co...

The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom.

The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom. The European Parliament called on the EU to introduce a full embargo on Russian liquefied natural gas and sanctions against Gazprom and Russian oil companies. The MEPs advocate adding to the sanctions...

The project to supply electricity from Polish TPPs to Ukraine is a non-starter.

The project to supply electricity from Polish TPPs to Ukraine is a non-starter. Poland’s electricity production project for Ukraine has not yet started to be implemented. In July, Polish Prime Minister Donald Tusk announced the possibility of producing electricity for Ukrai...

Ukrainian and Czech companies jointly launch a €75M wind farm, western Ukraine’s largest.

Ukrainian and Czech companies jointly launch a €75M wind farm, western Ukraine’s largest. Total investment in the Skoliv wind power plant, built in the mountainous area of the Lviv region with a 54.6 MW capacity, amounts to €75M. Ukrainian company Eko Optima and Czech MND implemented the...

Thursday, September 19

Companies financially confirm their intentions to build energy storage systems in Ukraine.

Companies financially confirm their intentions to build energy storage systems in Ukraine. As reported in Ukrenergo, 11 out of 13 winning companies in relevant auctions have deposited funds into escrow accounts. In this way, the companies financially guaranteed the construction of 99 MW of ...

Ukraine is increasing gas production and expects to get through the winter using domestic resources.

Ukraine is increasing gas production and expects to get through the winter using domestic resources. State companies Ukrgazvydobuvannya and Ukrnafta in January-August increased their production of commercial gas by 7.7% compared to the corresponding period last year – up to 9.8 billion cubic meters, ...

Ukraine’s electricity generation deficit this winter will be 4 GW.

Ukraine’s electricity generation deficit this winter will be 4 GW. Ukrainian power engineers will have their work cut out for them in December, considering that approximately 14-15 GW of generating capacity has been restored, which will leave the energy system with a...

Wednesday, September 18

The West finances the Russian military by increasing its purchases of fuel derived from Russian oil.

The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene...

Tuesday, September 17

Without the ability to hit targets deep inside the Russian Federation, the Ukrainian energy industry may not survive the winter.

Without the ability to hit targets deep inside the Russian Federation, the Ukrainian energy industry may not survive the winter. If the Western allies, in particular, the US and Britain, do not revise their position regarding strikes with the long-range weapons they have provided, Ukraine may lose the energy war with Russia thi...

Monday, September 16

Resulting from Russian attacks on Ukraine, electricity prices in Eastern Europe have increased by 100%.

Resulting from Russian attacks on Ukraine, electricity prices in Eastern Europe have increased by 100%. Russia’s strikes on Ukrainian infrastructure caused electricity prices to double this summer in southeastern Europe. According to the FT, in a letter to the European Commission Greek Prime Minis...

Friday, September 13

Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M.

Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M. Ukraine and the EBRD discussed the possibilities of expanding investment in energy and infrastructure projects. “With the help of the EBRD, we hope to unblock private investments in renewable en...

Negotiations between Ukraine and Bulgaria to purchase Russian nuclear reactors will continue for another six months.

Negotiations between Ukraine and Bulgaria to purchase Russian nuclear reactors will continue for another six months. Bulgaria’s parliament extended the discussion period for the sale of two Russian nuclear reactors to Ukraine by six months. Authorities in Sofia received reactors from Russian supplier Atomstroy...

Ukraine plans to create a fund to support green power plant construction.

Ukraine plans to create a fund to support green power plant construction. Ukraine is working to create a dedicated fund that would guarantee stable investor profitability for new renewable energy projects, which would stimulate the construction of green power plants, said...

Ukraine can potentially switch to RES faster than other countries.

Ukraine can potentially switch to RES faster than other countries. Ukraine’s case regarding the green transition is unique, as many existing energy capacities were quickly taken out of commission due to the war. Still, there is an opportunity to attract investm...

Thursday, September 12

MoF: Ukraine can officially start exporting biomethane.

MoF: Ukraine can officially start exporting biomethane. The Ministry of Finance published an order defining the customs clearance procedure for biomethane transported by pipeline, allowing the export of biomethane to begin. The Gas Transmission System Oper...

Wednesday, September 11

The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter.

The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter. Here are the most interesting items from the head of the Ukrainian government, Denys Shmyhal. The IMF’s fifth mission emphasizes the 2025 budget. As the PM noted, this was the first time the IMF missi...

A British oil and gas company will invest in Ukraine’s energy industry, and 10 MW of projects have already been approved.

A British oil and gas company will invest in Ukraine’s energy industry, and 10 MW of projects have already been approved. British oil and gas company Cadogan Petroleum plc, which has assets in western Ukraine, announced its intention to accelerate the diversification of its business and move into electricity production. ...

Tuesday, September 10

Despite circumventing sanctions and increasing its oil sales, Russia has failed to increase profits.

Despite circumventing sanctions and increasing its oil sales, Russia has failed to increase profits. Russia, due to the introduction of a complex of sanctions targeting trading companies and the shadow tanker fleet, and despite an increase in sales by 15-20%, cannot increase the profits generated fro...

Monday, September 9

How is Ukraine preparing for winter in anticipation of new energy sector attacks?

How is Ukraine preparing for winter in anticipation of new energy sector attacks? Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating seaso...

Aliyev: Negotiations on the continuation of Russian gas transit through Ukraine continue.

Aliyev: Negotiations on the continuation of Russian gas transit through Ukraine continue. The President of Azerbaijan, Ilham Aliyev, expressed confidence in the effectiveness of negotiations with Russia and Ukraine to ensure the continuation of gas supplies through Ukraine to several Europ...

Tuesday, September 3

Russia has overtaken the US in supplying gas to the EU; Turkey will help Russia to regain the European gas market.

Russia has overtaken the US in supplying gas to the EU; Turkey will help Russia to regain the European gas market. As Die Welt reports, based on data from Brussels consulting company Bruegel, for the first time in almost two years EU countries imported more gas from Russia than from the US in a quarter. From April...

Ukrainian gas storage will be useful to European traders as the transit contract between Ukraine and Russia comes to an end.

Ukrainian gas storage will be useful to European traders as the transit contract between Ukraine and Russia comes to an end. According head of Naftogaz Oleksiy Chernyshov, Ukraine already has enough gas to meet its own needs, so storage facilities may be available to the EU, which seeks to preserve its reserves ahead of win...

Businesses have learned to live without electricity: The enterprise business activity assessment has improved.

Businesses have learned to live without electricity: The enterprise business activity assessment has improved. In August, the index of business activity expectations calculated by the National Bank was 48.4 compared to 44.4 in July. Gradual adaptation to permanent power outages and establishment of alternative...

Ukrainian Velta attracted a grant worth more than €7M from the EU for its innovative titanium mining.

Ukrainian Velta attracted a grant worth more than €7M from the EU for its innovative titanium mining. The Ukrainian company Velta, which mines titanium-bearing ores in the Kirovohrad region, received a four-year, €7.3M grant from the EU as part of the Resilient Value Chains 2024 competition through th...

Seven biomethane projects with an annual capacity of 111 million cubic meters will be launched in Ukraine by the end of the year.

Seven biomethane projects with an annual capacity of 111 million cubic meters will be launched in Ukraine by the end of the year. Heorhiy Heletukha, head of the Bioenergy Association of Ukraine, listed these projects at an online event, Biogas and biomethane: Here are the new opportunities for Ukraine’s energy independence...

Follow us