Energy

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...

Monday, September 2

Ukraine will continue to transit Russian oil to the EU until the end of 2029, helping to fund the Kremlin’s war machine.

Ukraine will continue to transit Russian oil to the EU until the end of 2029, helping to fund the Kremlin’s war machine. Ukraine will fulfill its obligations regarding the transit of Russian oil to Europe until the current contracts expire at the end of 2029 because this concerns bilateral relations with European countr...

Friday, August 30

Ukraine will borrow €200M to buy gas from the EU for a rainy day.

Ukraine will borrow €200M to buy gas from the EU for a rainy day. State company Naftogaz will start purchasing gas in Europe, with deliveries scheduled for September. The purchased gas will be pumped into Ukraine’s underground storage facilities through the cu...

Thursday, August 29

Energoatom plans to build a new nuclear power plant with four power units in the Cherkasy region.

Energoatom plans to build a new nuclear power plant with four power units in the Cherkasy region. According to the National Nuclear Energy Generating Company Energoatom, the team is actively looking for sites to construct the NPP. The most promising of them is Chigyrinskyi, near the town of Orbita...

Despite full storage capacity, Europe is at risk of a gas crisis this winter.

Despite full storage capacity, Europe is at risk of a gas crisis this winter. European gas storage facilities are full, and regional demand is falling to levels not seen since the early 1980s. However, prices remain elevated, having recently hit an eight-month high. The current...

Wednesday, August 28

A Hungarian company, MOL, is searching for alternative options to receive Russian oil through Ukraine.

A Hungarian company, MOL, is searching for alternative options to receive Russian oil through Ukraine. The Hungarian oil and gas company MOL has started negotiations on a new scheme for transporting Russian oil through Ukraine, and it will independently take responsibility for this process. The change ...

Tuesday, August 27

Central and Eastern Europe is increasing solar generation capacity: Which countries have become the strongest growth drivers?

Central and Eastern Europe is increasing solar generation capacity: Which countries have become the strongest growth drivers? Electricity production from solar power plants in Central and Eastern Europe is growing faster than in any other European region. According to the Ember platform, solar energy production in the five l...

Monday, August 26

Ukraine will resume electricity exports during peak hours of RES generation.

Ukraine will resume electricity exports during peak hours of RES generation. According to Ukrenergo, the mild heat in Ukraine has led to a significant decrease in electricity consumption. In addition, a 1 GW power unit at a nuclear power plant has been returned to the power sy...

Friday, August 23

Moscow is trying to create a joint project with Azerbaijan to prevent the loss of the EU market.

Moscow is trying to create a joint project with Azerbaijan to prevent the loss of the EU market. The idea is that Azerbaijan, which needs more gas to supply to the EU, will receive gas from Russia to sell to the EU. “Of course, the Russians will not give their contracts to SOCAR, but acting...

Australia is building the largest solar power plant in the world, which will provide energy for about three million homes.

Australia is building the largest solar power plant in the world, which will provide energy for about three million homes. The project, called Power Link, was recently approved by the Australian government and will be implemented by SunCable, a renewable energy company. The power plant will be in the Northern Territory of...

Following the Slovenian model, Kyiv plans to build two thermal power plants that will produce electricity and heat from waste.

Following the Slovenian model, Kyiv plans to build two thermal power plants that will produce electricity and heat from waste. Deputy Head of the Kyiv City State Administration Petro Panteleev visited Slovenia and saw how the city of Cele’s thermal power plant converts waste into energy. This Slovenian station can provi...

Thursday, August 22

The Energy Support Fund of Ukraine has already accumulated €553M: How is the country preparing for the coming brutal winter?

The Energy Support Fund of Ukraine has already accumulated €553M: How is the country preparing for the coming brutal winter? Total contributions from international partners to the Energy Support Fund of Ukraine amount to €553M. This year, a significant portion of the funds is directed to purchasing equipment for distributed...

Wednesday, August 21

Azerbaijan expands its partnership with Russia and decides to join BRICS.

Azerbaijan expands its partnership with Russia and decides to join BRICS. Azerbaijan’s state oil company Socar and Russia’s Gazprom have agreed to expand their strategic partnership, the Russian gas monopolist said in a statement. In September, the parties will ...

The construction of the Siberia-2 gas pipeline from Russia to China has been delayed for years.

The construction of the Siberia-2 gas pipeline from Russia to China has been delayed for years. Putin’s project to increase gas supplies to China and build a new Power of Siberia-2 pipeline has been put on hold for a long time. Mongolia – through which the 2,500 km long pipeline was suppos...

Solar energy in the EU has overtaken hard coal as a source of electricity for the first time.

Solar energy in the EU has overtaken hard coal as a source of electricity for the first time. According to Eurostat, the share of solar power in the total volume of the EU’s electricity production in 2022 was 210,249 GWh compared to 205,693 GWh for hard coal. Poland and the Czech Republi...

Tuesday, August 20

Low demand hampers the development of the hydrogen economy: Only 12% of plants have reliable orders.

Low demand hampers the development of the hydrogen economy: Only 12% of plants have reliable orders. Companies and governments worldwide plan to build almost 1,600 plants for hydrogen production, including green production. This year, Ukraine unveiled its Hydrogen strategy until 2050 legislation and ...

The EC outlines six main directions for assistance to the Ukrainian energy industry ahead of winter.

The EC outlines six main directions for assistance to the Ukrainian energy industry ahead of winter. European Commissioner for Energy Kadri Simson calls for intensifying efforts to support the Ukrainian energy industry ahead of winter. She noted that the Russian Federation has destroyed or captured a...

If the transit of Russian gas to the EU through Sudzha stops, who will lose more?

If the transit of Russian gas to the EU through Sudzha stops, who will lose more? Every year, Russia earns about $11B from exporting oil and gas through Ukraine, even though Ukraine itself earns only $1B, said ex-director of the Ukrainian GTS Operator, Serhiy Makogon. The energy tr...

Thursday, August 15

Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system.

Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system. Ukrainian company Energo-Plus plans to purchase a closed thermal power plant with a capacity of 60 MW in a neighboring country and transport it to Ukraine. The project will cost approximately €50M. Th...

What risks does the transit of Azerbaijani gas through Ukraine from the Russian Federation entail?

What risks does the transit of Azerbaijani gas through Ukraine from the Russian Federation entail? Mykhailo Gonchar, President of the Center for Global Studies Strategy XXI, warned that even after the contract for the transit of Russian gas through Ukraine expires in 2025, there is a risk of contin...

The resumption of production at the Sakhalin field in Ukraine has increased daily gas production by 1.39 million cubic meters.

The resumption of production at the Sakhalin field in Ukraine has increased daily gas production by 1.39 million cubic meters. On August 10, the Ukrnaftoburinnia company resumed natural gas production at the Sakhalin field (Kharkiv region) with 15 billion cubic meters of blue fuel reserves. During the day, the company extract...

The first offshore wind turbines and geothermal stations should appear in Ukraine in a few years.

The first offshore wind turbines and geothermal stations should appear in Ukraine in a few years. The Cabinet of Ministers has published the National Renewable Energy Action Plan until 2030, which states that the full-scale Russian invasion has resulted in the loss of about 25% of installed renewa...

Wednesday, August 14

Ukraine and Russia will continue to transport fuel despite the fighting in the Kursk region.

Ukraine and Russia will continue to transport fuel despite the fighting in the Kursk region. The application for the transit of Russian gas through the territory of Ukraine on Tuesday increased by 7% compared to the nomination on August 12. The volume of the confirmed nomination through the S...

Ukraine will hold pilot green auctions to attract investors to renewable generation.

Ukraine will hold pilot green auctions to attract investors to renewable generation. The Cabinet of Ministers instructed the Ministry of Energy to ensure the organization and conduct of a green auction pilot program to attract investors to renewable generation. The government has adop...

The share of renewable energy in Ukraine will increase to 27% by 2030, these projects will require $20B in investments.

The share of renewable energy in Ukraine will increase to 27% by 2030, these projects will require $20B in investments. The Cabinet of Ministers approved the National Renewable Energy Action Plan for the period up to 2030 and the planned measures for its implementation. It is anticipated that the share of renewable ene...

Tuesday, August 13

European gas traders avoid Ukrainian storage facilities after Russian attacks; Naftogaz states it is operating as usual.

European gas traders avoid Ukrainian storage facilities after Russian attacks; Naftogaz states it is operating as usual. This summer, European traders have contracted only a small portion of Ukrainian gas storage capacity following Russian attacks. The FT notes that increased risk and a lack of price incentives have red...

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