Energy

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...

The implementation of an investment project in Ukraine to develop hydrogen energy involves attracting about €33B in investment capital.

The implementation of an investment project in Ukraine to develop hydrogen energy involves attracting about €33B in investment capital. Scientists presented research on the development of investment projects in Ukraine: To achieve the goals of the Development of hydrogen energy in Ukraine project, a total investment of €32.882B will b...

Monday, August 12

Ukraine is switching to solar energy: ₴1B in loans have been issued, and solar panels will be installed on all public buildings.

Ukraine is switching to solar energy: ₴1B in loans have been issued, and solar panels will be installed on all public buildings. Ukrainian banks have already approved issuing loans for the installation of solar power systems in households worth ₴1B ($25M), said Minister of Energy German Galushchenko. The Ministry emphasized tha...

Friday, August 9

Banks have issued ₴4B in loans to restore Ukraine’s energy infrastructure, but medium-sized businesses refuse to construct generation capacity and are preparing for downtime.

Banks have issued ₴4B in loans to restore Ukraine’s energy infrastructure, but medium-sized businesses refuse to construct generation capacity and are preparing for downtime. Since the beginning of June, banks have received 1,356 loan applications for energy infrastructure restoration projects totaling ₴40.1B. The NBU confirmed the approval of applications totaling ₴3.97B ...

Russian Gazprom can use the fighting near Sudzha as a reason to stop gas transit; what consequences will this have for the EU and Ukrainian markets?

Russian Gazprom can use the fighting near Sudzha as a reason to stop gas transit; what consequences will this have for the EU and Ukrainian markets? According to Reuters, there is a risk that Gazprom could use the fighting near the Sudzha gas station, through which Russian gas transits through Ukraine to EU countries, as a reason to stop gas suppl...

Thursday, August 8

The Russian Academy of Sciences predicts the collapse of the aggressor state’s oil and gas economy.

The Russian Academy of Sciences predicts the collapse of the aggressor state’s oil and gas economy. Russia will have to bid goodbye to its “energy superpower” status. Having lost access to Western technologies and key markets for the sale of raw materials, Russia will not be able to retu...

Ukraine will need up to €13B to build a sustainable energy system.

Ukraine will need up to €13B to build a sustainable energy system. Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, said that in order to build a power system resistant to possible attacks, Ukraine must build more than 12 GW of capacity in the coming years, ...

The EU increased its imports of liquefied gas from the Russian Federation by 7%.

The EU increased its imports of liquefied gas from the Russian Federation by 7%. Supplies of Russian liquefied natural gas to Europe in the first half of the year increased by 7% compared to last year, with France increasing its imports the most. French companies imported almost 4...

Wednesday, August 7

Businesses account for 80% Ukrainian electricity imports.

Businesses account for 80% Ukrainian electricity imports. Ukrenergo notes that a significant electricity deficit is present for most hours of the day, and the import crossing is almost fully loaded with 1650-1700 MW out of the 1700 MW allowed. 80% of this ca...

Monday, August 5

A British oil giant declares the end of Europe’s energy crisis; Azerbaijan is gradually replacing Russia in the gas market.

A British oil giant declares the end of Europe’s energy crisis; Azerbaijan is gradually replacing Russia in the gas market. Shell CEO Wael Sawan believes that the energy crisis in Europe is finally over. Savan says that this quarter market prices and volatility are returning to the levels seen before the full-scale Russian...

The US and its partners continue to support the reconstruction of the Ukrainian energy industry as winter looms; the import of electricity will cost Ukraine more than $1B.

The US and its partners continue to support the reconstruction of the Ukrainian energy industry as winter looms; the import of electricity will cost Ukraine more than $1B. US Ambassador to Ukraine Bridget Brink said that USAID purchased 18 autotransformers for the Ukrainian power grid. The US is also supporting Ukraine’s intention to resume the construction of add...

This year, gas production in Ukraine may increase by 100-200 million cubic meters.

This year, gas production in Ukraine may increase by 100-200 million cubic meters. Gross gas production in Ukraine in the first half of the year amounted to 9.4 billion cubic meters, and could grow by 100% by the end of the year. This would be 100-200 million cubic meters more than ...

Friday, August 2

Banks have provided ₴3.6B in loans to the energy industry; Japan will help Ukraine build distributed power generation.

Banks have provided ₴3.6B in loans to the energy industry; Japan will help Ukraine build distributed power generation. Since Ukraine’s energy generation capacity restoration programs began, banks have approved loan applications for ₴3.6B. Last week, 20 Ukrainian banks received applications for ₴1.8B under all av...

Thursday, August 1

Europe continues to import Russian LNG; some countries have started buying more.

Europe continues to import Russian LNG; some countries have started buying more. Europe has struggled to eliminate its dependence on Russian liquefied natural gas. In July, the Russian Federation almost became the region’s largest supplier after a reduction in supplies from ...

Ukraine has a plan to resolve the oil transit issue with Slovakia.

Ukraine has a plan to resolve the oil transit issue with Slovakia. Ukraine will guarantee the transit of oil from companies that are not subject to sanctions and is ready to settle the transit issue with Slovakia in accordance with the Association Agreement with the ...

Belgium allocates €9M for Ukrainian energy infrastructure, and Ukraine plans to build the first underground hydroelectric power station.

Belgium allocates €9M for Ukrainian energy infrastructure, and Ukraine plans to build the first underground hydroelectric power station. The Government of Belgium and the United Nations Development Program (UNDP) concluded a €9M financial agreement, which will be directed to repairing Ukraine’s damaged energy infrastructure. Part...

Wednesday, July 31

Hungary and Slovakia’s position regarding Russian oil transit through Ukraine irritates the EU.

Hungary and Slovakia’s position regarding Russian oil transit through Ukraine irritates the EU. In private conversations, EU diplomats have expressed irritation at Hungary and Slovakia’s intentions to use EU procedures to maintain their access to cheap Russian oil, contrary to the blocR...

Monday, July 29

The most challenging period for the energy industry is behind it; the EU is considering increasing Ukraine’s imported electricity.

The most challenging period for the energy industry is behind it; the EU is considering increasing Ukraine’s imported electricity. According to the Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, “We have every reason to expect that the most difficult period of the summer in the energy industry is behind us.”...

Lukoil is increasing its oil exports by sea due to the ceasing of transit through Ukrainian territory, and Hungary accuses Ukraine of blackmail.

Lukoil is increasing its oil exports by sea due to the ceasing of transit through Ukrainian territory, and Hungary accuses Ukraine of blackmail. The largest Russian private oil company, Lukoil, has increased oil exports through the country’s seaports, as supplies through the Druzhba pipeline to Slovakia and Hungary are currently suspende...

Friday, July 26

The Ministry of Energy is rushing to restore energy production capacity.

The Ministry of Energy is rushing to restore energy production capacity. The Ukrainian campaign to repair power units in 2024 will be larger than last year, Minister of Energy German Galushchenko said. “Last year, we restored 3.3 GW of destroyed generation. This year...

Thursday, July 25

Hungary is blackmailing Ukraine by blocking €6.5B in military aid due to the cessation of Russian oil transit to the EU.

Hungary is blackmailing Ukraine by blocking €6.5B in military aid due to the cessation of Russian oil transit to the EU. Hungary will block the €6.5B military aid financing program for Ukraine under the European Peace Fund until Ukraine resumes supplies of Russian oil to Hungary, Hungarian Foreign Minister Peter Szijjár...

DTEK names four critical factors for getting through the winter and its plans to restore up to 70% of Ukraine’s damaged generation capacity.

DTEK names four critical factors for getting through the winter and its plans to restore up to 70% of Ukraine’s damaged generation capacity. To get through the next winter, it is necessary to have sufficient air defenses, restore a significant amount of generation, increase electricity import capacity (from 1.7 GW to 2.2 GW or even 2.7 GW)...

Wednesday, July 24

The EIB will approve a €250M support package for Ukraine’s energy sector and allocate another €200M to modernize its public transport.

The EIB will approve a €250M support package for Ukraine’s energy sector and allocate another €200M to modernize its public transport. The government of Ukraine and the EIB are working diligently to prepare new agreements for a €250M support package. “The EIB systematically supports Ukraine in priority area and continues to wor...

Tuesday, July 23

Kuleba tells the EU ministers the five steps for urgent assistance to Ukraine’s energy sector.

Kuleba tells the EU ministers the five steps for urgent assistance to Ukraine’s energy sector. During a meeting of the Council of Foreign Ministers of the EU, Minister of Foreign Affairs Dmytro Kuleba called on Ukraine’s partners to intensify the protection and restoration of the country&...

Ukraine has accumulated 10 billion cubic meters of gas to get through the winter season; Russian strikes will not affect the injection rate.

Ukraine has accumulated 10 billion cubic meters of gas to get through the winter season; Russian strikes will not affect the injection rate. More than 10 billion cubic meters of gas have already been stored in Ukrainian underground storage facilities in preparation for the heating season. This pace of gas accumulation makes it possible to ...

Monday, July 22

Slovakia threatens to suspend the supply of petroleum products to Ukraine over sanctions against Russian Lukoil.

Slovakia threatens to suspend the supply of petroleum products to Ukraine over sanctions against Russian Lukoil. Slovak Prime Minister Robert Fico spoke over the telephone with his Ukrainian counterpart Denys Shmyhal, during which he criticized the inclusion of the Russian company Lukoil, whose oil is also used ...

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