Swedish businesses will expand their presence in Ukraine, and Finnish business agencies will open a representative office in Kyiv. The Swedish business community is interested in increasing its presence in Ukraine and developing cooperation with Ukrainian companies in high-tech industries, energy, telecommunications, and cyber se... #EbbaBusch #GermanGalushchenko #NuclearEnergyUkraine #UkraineReconstruction #YuliyaSvyridenko
Ukraine refuses to import gas and is preparing for zero transit. As a memorandum with the IMF states, “Limited domestic consumption and growing domestic production limited the need for gas imports during the last heating season. For the next heating season of... #energyukraine #GasstorageUkraine #GasTransit #GasUkraine #imf #Naftogaz #UkraineGasimport #UkrainianGTS
The indissoluble link between business and war: UBN held a second event in Kyiv On a still cool but already spring day, amid a tangle of bad news and public concerns about the future hanging in the air of Kyiv’s streets, a circle of selected business investors, entrepreneur... #AndrewPryma #DentonsLaw #GennadiyChizhykov #IoannisKyriakopoulos #OleksiyReznikov #OlhaStrefanishyna #PavloNarozhyi #PiraeusBank #SergiiRud #UBNnetwork #UkraineBusinessNetwork #ukrainebusinessnews #VolodymyrMonastyrsky #WinnerGroup
The government allows the export of green electricity to the EU. The Cabinet of Ministers of Ukraine approved a resolution enabling the state enterprise Guaranteed Buyer to sell electricity purchased from producers utilizing renewable energy sources (RES) not only ... #ElectricityExports #GermanGalushchenko #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments
Oschadbank will join in the construction of a 520 MW wind power plant in western Ukraine. The state bank will take part in implementing a project from the Friendly Wind Technology company to construct a wind farm with a capacity of 520 MW in the west of Ukraine, said the deputy chairman of... #FriendlyWindTechnology #GreenENergy #oschadbank #RESinvestments #WindEnergyUkraine
Despite all the challenges, we continue to move towards the goal: Olha Stefanishyna on the progress and obstacles in European integration. Within the framework of the second event of Ukraine Business Network, where outstanding speakers from both the private and public sectors presented global macroeconomic forecasts for 2024-2025, scenar... #EuroIntegration #OlhaStefanishyna #Stefanishyna #UBNconferense #UBNliveEvent #UBNnetwork #UkraineBusinessNetwork #UkraineIntegrationInEU #новинивукраїні
Ukraine attacked the four largest Russian refineries in a single day. The Security Service of Ukraine (SBU) reported that on the night of March 13, the SBU attacked three Russian oil refineries in Ryazan, Kstovo (Nizhny Novgorod region), and Kirishi (Leningrad region). ... #AttackOnRussia #FossilFuels #RussianOil #RussiaOilRefineryDamages #WarinUkraine
Russian oil depots are burning, and diesel fuel exports have fallen to a three-month low. The volume of diesel and gas oil deliveries through Russian ports amounted to 858,000 tons last week, the lowest indicator since the beginning of December last year. Distillate shipments fell for the ... #DroneAttacksOnRussia #LukOil #Novatek #Rosneft #RussianOil #RussiaOilRefineryDamages #TuapseOilRefinery
Ukraine suffers $400 million in losses per year due to the transit of Russian gas. Naftogaz of Ukraine is suffering significant losses from the transit of Russian gas, the chairman of the company’s board, Oleksiy Chernyshov, said. Since May 2022, Ukraine has stopped gas transit thro... #GasTransit #Naftogaz #OleksiyChernyshov #RussianGas #UkraineGTS
Ukraine has excellent energy export potential. What’s standing in the way? To build new energy-generation facilities in Ukraine, it is necessary to create conditions for investment in the energy industry, noted economist Kyrylo Kryvolap. He added that Ukraine has great expor... #EnergyExport #EnergyInvestments #UkraineEnergy
What biogas projects are being developed in Ukraine? The potential for biomethane production in Ukraine is estimated at 21.8 billion cubic meters per year. For comparison, Ukraine produced 18.7 billion cubic meters of natural gas last year. Here are sev... #BioGas #BiogasCompany #Biomethane #biomethaneproduction #EnergyInvestments #GalsAgro #GreenParkin #VitagroGroup
The EU does not plan on negotiating with Russia regarding gas transit through Ukraine, while Kyiv is open to some options. The European Commission does not plan to engage in any contact with Russia to continue the transit of Russian gas to European countries through Ukraine’s GTS. European Energy Commissioner Kadri ... #DenysShmyhal #GasTransit #KadriSimson #REPowerEU #RussianGas #UkraineGTS
Ukraine’s government has introduced a global standard for stimulating the construction of new green energy facilities. The Cabinet of Ministers approved a resolution that improves the auction model for selling green electricity. Instead of a fixed tariff, a contract-for-difference mechanism has been introduced that wi... #energyukraine #GreenENergy #GuaranteedBuyerUkraine #RenewableEnergyUkraine
The estimated potential of biomethane production in Ukraine could reach €40B. Based on the existing raw material base, Ukraine can annually produce 21.8 billion cubic meters of biogas or biomethane, according to a DiXi Group report. It is noted that in terms of providing raw ma... #BioGas #biomethaneinUkraine #biomethaneproduction #EnergyInvestments #energyukraine
Ukraine’s producers and consumers of green energy have received guarantees that will increase investment attractiveness and export potential. Green electricity production can benefit both RES owners and industrialists. A government resolution regulating the procedure for fixing guarantees to create green energy should make investment more a... #ElectricityProduction #energyukraine #GreenEnergyUkraine #RenewableEnergy #RESinvestments
Last year, Ukraine’s energy sector delivered ₴115B to the budget. This total refers to contributions from the payment of excise duty and rent of energy sector enterprises, which are 17% more than in 2022, reported DiXi Group. It is noted that the taxpayers remitted ... #EnergysectorUkraine #energyukraine #ExciseDuty #OilCompaniesUkraine #TaxesToTheBudget #UkraineBudget2024
Western oil and gas companies generated record profits due to the Russian war in Ukraine. The five largest Western oil and gas companies, including Shell, BP, Chevron, ExxonMobil, and TotalEnergies, have made more than $281B in profits since the beginning of Russia’s full-scale invasion of... #Chevron #EuropeanOilCompanies #ExxonMobil #RussianEnergy #SanctionsAgainstRussia #Shell
Oil refining in the Russian Federation has fallen to an almost six-month low, but sanctions are not the reason. Oil refining in the Russian Federation has continued to fall over the past week as the aggressor country’s refineries grapple with the aftermath of Ukrainian drone attacks. Refinery production f... #OilProduction #refiningindustry #RussianEnergy #RussianOil #RussiaOilRefineryDamages
Ukrainian gas storage facilities have allowed EU companies to save more than $300M. European traders earned about $320M thanks to underground gas storage in Ukraine. In response to overflowing gas storage capacities elsewhere, European traders directed three billion cubic meters of g... #EUgas #GasstorageUkraine #GasSupplies #GasTransit #UkraineGTS
The EU will not extend the contract to transit Russian natural gas through Ukraine. As European Commissioner for Energy Kadri Simson stated: “We are not interested in extending the tripartite gas transit agreement, which expires at the end of this year.” According to her,... #EUenergy #EUEnergyindependence #GasTransit #KadriSimson #RussianGas
Due to an unresolved export issue, Ukrainian biomethane producers are shutting down their production. According to the top manager at Gals Agro, the cost of biomethane production in Ukraine is over €600 per 1,000 cubic meters, often in the range of €800–€900. In comparison, natural gas costs approxima... #BiomassEnergy #Biomethane #BiomethanePlant #EnergyProduction #exportbiomethane #GalsAgro
Ukraine will develop a market for energy conservation systems with investments totaling more than $500M. In 2023, transmission system operator Ukrenergo issued a record 11 sets of technical requirements for the construction of industrial energy conservation systems. In particular, the largest fuel compan... #EnergyStorageUkraine #KNESS #MHPecoEnergy #okko #RESinvestments #UkraineEnergy #Ukrenergo
Fossil fuel remains the leader in Ukrainian energy consumption. Gas remains the leader in Ukrainian energy consumption, with 30% of the balance of consumption of Ukrainian energy enterprises. In second place is nuclear energy, which produces 24% of the country’s e... #ElectricityUkraine #energyukraine #FossilFuels #GreenENergy #NuclearEnergyUkraine
Ukrainian authorities are preparing to launch the export of biogas to Europe through gas pipelines. The Ukrainian Parliament adopted a procedural draft law on customs clearance of biomethane. The document, adopted in the first reading, proposes the regulations for customs control and customs clearan... #BiomethanePlant #BiomethaneTransportation #GasTransit #UkrainianGasPipeline
A Ukrainian fuel trader will build a wind farm with a capacity of 150 MW. The Antimonopoly Committee of Ukraine has allowed the Cypriot company, GNG Retail Limited, which owns the OKKO Group holding, to acquire Wind Power GSI Volyn and Wind Power GSI Volyn 3. These companie... #okko #RenewableEnergyUkraine #WindEnergy #WindEnergyUkraine
Sanctions are not an obstacle: Russia exports oil products to the EU through Turkey. Before the full-scale war in Ukraine started, the Turkish Dörtyol oil terminal received Iraqi oil and transferred it to tankers. However, since the first sanctions against Russia began to affect the e... #DörtyolOilTerminal #OilEmbargo #RussianOil #SanctionsAgainstRussia
Sanctions and drones have finally reached the Kremlin’s oil and gas revenues. The Rosneft Tuapse Oil Refinery stopped processing oil and as well as the production of petroleum products following an attack by Ukrainian drones. This is Russia’s only oil refinery on the Black Sea ... #DroneAttacksOnRussia #Rosneft #RussianOil #SanctionsAgainstRussia #TuapseOilRefinery
The EU plans to abandon the transit of Russian gas through Ukraine after the end of the current contract. EU executives argue that even the countries that are most dependent on Russian supplies, including Austria and Slovakia, can find alternative sources in the event of a supply cut. Covering the deficit... #GasforEU #GasTransit #GasTransitUkraine #RussianGas
Ukraine launched over 660 MW of new RES capacity in two years. According to Minister of Energy Herman Halushchenko, Ukrainian energy companies built about 312 MW of new RES capacity in 2022 and almost 350 MW in 2023. These figures include solar, wind, biogas, and... #energyukraine #GermanGalushchenko #RenewableEnergy #SolarEnergyUkraine #WindEnergyUkraine
Fico wants Russian gas to flow through Ukraine after 2024, but Ukraine dashed these hopes. Slovakia is discussing with Ukraine the continuation of Russian gas transit after the end of the current contract, which expires at the end of 2024, the country’s Prime Minister Robert Fico said... #Gazprom #RobertFico #RussianGas #RussianGasTransit #UkrainianGTS
A relocated company is launching a wind farm in Transcarpathia. As Olha Poshtak, the top manager of the Friendly Wind Technology company reported: “The installation of the first wind turbine of the Ostrovsky wind farm, located in the Nizhnyovoritsk community... #BusinessRelocation #FriendlyWindTechnology #RenewableEnergy #WindEnergyUkraine
The British Stock Exchange and a lobby group will help Ukraine attract investment. On January 23, the Ministry of Economy of Ukraine signed a memorandum of understanding with the London Stock Exchange (LSE) and TheCityUK, the most influential lobbying group in the UK’s financi... #BritishStockExchange #BruceCarnegieBrown #LondonStockExchange #TheCityUK #YuliyaSvyridenko
Ukraine plans to develop a transparent biofuel market. According to the head of the State Energy Efficiency Agency, Hanna Zamazeyeva, creating a biofuel trade exchange with the Ukrainian Energy Exchange will be essential for developing the industry and en... #BiofuelPlant #biomethaneproduction #energyukraine #HannaZamazeyeva
Ukraine joins the European “Vertical Gas Corridor” and is ready to store 10 billion cubic meters of EU gas. Operators of the gas transportation systems of Ukraine, Bulgaria, Greece, Romania, Hungary, Slovakia, and Moldova signed a memorandum on the creation of the South-North corridor (Vertical Corridor) du... #GasstorageUkraine #GasTransit #GermanGalushchenko #SouthNorthCorridor #VerticalCorridor
The Russian Federation’s monopoly in gas export has rolled back 40 years. The export of Russian natural gas is decreasing, and the total volume of supplies to foreign markets in 2023 amounted to 69 billion cubic meters. “If Russia could adapt to Western sanctions with oil e... #DanyloHetmantsev #Gazprom #RussiaGasExport #RussianGas #SanctionsAgainstRussia
Global green energy capacity has increased by 50%, which will allow climate goals to be achieved by the end of the decade. A report from the International Energy Agency notes that the world’s renewable energy production increased by 50% last year to 510 GW. The RES capacity increase set a 22-year record. Such growth... #COP28 #GreenENergy #IEA #RenewableEnergy #SolarEnergy
Ukraine must build over 10 GW of new production capacity in 10 years. According to Ukrenergo Chairman of the Board Volodymyr Kudrytskyi, Ukraine can build new power plants and join the European electricity market in less than 10 years. This requires appropriate market a... #EnergyProduction #GreenEnergyUkraine #UkraineEnergy #Ukrenergo #VolodymyrKudrytskyi
For the first time in 20 years, Ukraine extracted more than one billion cubic meters of gas from new wells in 2023. State gas mining company UkrGasVydobuvannya produced more than a billion cubic meters of gas from new wells that were put into operation in 2023. This is the best annual production from new wells sinc... #energyukraine #GasMiningUkraine #GasProduction #Naftogaz #Ukrgazvydobuvannya
Analysts predict oversaturation of the oil market in 2024 and a drop in oil prices. The increase in oil production in countries that are not part of OPEC+, including the US, may oversaturate global demand, which is growing slowly, and will lead to lower prices. Although the OPEC+ oil... #OilDemand #OilPrices #OilProduction #OPEC
Ukrainian underground gas storage has allowed Europe to avoid an energy crisis. European companies have accelerated the withdrawal of natural gas from Ukrainian storage facilities as the demand for heating increases during the winter. As the FT writes, using Ukrainian storage red... #GasforEU #GasstorageUkraine #GasTransit #UkrainianGTS
How are industries and businesses in Ukraine implementing the transition to green energy? The top manager of SOLAGRO, Serhii Shcherban, said that the transition to alternative fuel sources for grain elevators will continue regardless of price fluctuations for natural gas. According to him,... #okko #RenewableEnergyUkraine #SOLAGRO #SolarEnergyUkraine
IMF: Resources for clean energy will become more expensive. In addition to the influence of geopolitical factors, such as the pandemic or the Russian war in Ukraine, which have already pushed prices up on global markets, additional price increases are expected... #ClimateChange #GreenENergy #IEA #imf #RenewableEnergy
A fuel trader and an agricultural giant plan to invest in green energy generation in Ukraine. By 2025, Ukraine’s largest fuel company, OKKO, plans to build a 150 MW wind farm in the Volyn region. The head of OKKO, Vasyl Danylyak, said that the company purchased an energy storage project ... #MHPagro #okko #RESinvestments #VasylDanylyak #WindEnergyUkraine
Resources from the Russian Federation account for only 6.5% of energy purchases by the EU. According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, ... #EUenergyimport #EUEnergyindependence #RussianEnergyResources #RussianGas #RussianOil
Russian gas exporters’ profit decreased by three times, while Turkey saved $2B thanks to Russian oil. According to the results from January – November, Russian gas export turnover fell by three times, the Federal Customs Service of Russia reported. Gas supplies decreased in value by 69%, and in ... #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
During the war, three wind power plants with a total capacity of over 200 MW have been built in Ukraine. Chairman of the Board of the Ukrainian Wind Energy Association (UWEA) Andriy Konechenkov clarified: these are the Tyligul wind farm of DTEK (114 MW, Mykolaiv region), the 60 MW second stage of Element... #DTEK #RenewableEnergy #TyligulskaWindPowerPlant #WindEnergyUkraine
How are restrictions against Russian oil working one year after implementation? After Russia’s full-scale invasion, the gray fleet has accounted for more than half of Russia’s oil exports for the first time. The gray fleet helped Moscow survive the shock of Western sanction... #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
Receiving €50B in aid from the EU will entail an increase in energy tariffs. As the EP writes, Ukraine, within the framework of the Ukraine Facility program, must gradually transition to economically justified energy tariffs by the fourth quarter of 2025. “It is necessar... #EnergyEfficient #EnergyTariffs #OleksandrButenko #SerhiyMakogon #UkraineFacility
Three EU countries provide €21M for energy-efficient restoration projects, and with the G7+ countries, Ukraine has launched a partnership in clean energy. Sweden, Norway, and Finland have announced the allocation of €21.5M in contributions to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund, which will support critical municip... #COP28 #DecarbonizationUkraine #E5P #EnergyEfficient #energyukraine #OleksandrButenko
The investment potential of Ukraine’s energy efficiency sector exceeds $27B. This is currently the largest project in Europe for the qualitative reconstruction of communities and the economy based on modern world trends and technologies, explained the head of the State Energy ... #COP28 #DecarbonizationUkraine #EnergyInvestments #HannaZamazeyeva #UkraineEnergy
