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... #EBA #ElectricityGeneration #EnergyIndependence #energyukraine #ukrainianbusiness
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 ... #Austria #EnergyIndependence #GasTransit #RussianGas #Slovakia #TurkishStream #UkraineGTS
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... #EnergyIndependence #GasTransit #Gazprom #Hungary #KadriSimson #RussianGas
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 ... #alternativeenergy #AtlasGlobalEnergy #EnergyIndependence #investments #VitalyBunechko #WindEnergyUkraine #Zhytomyr
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... #EnergoPlus #EnergyDecentralization #Energyefficiency #EnergyIndependence #StanyshivkaVegetablePlant #ukrainianbusiness #Zhytomyr
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... #EnergyIndependence #energyukraine #GermanGalushchenko #RESinvestments #SolarEnergy #SolarPanels
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... #AustrianOMV #AzerbaijaniGas #EnergyIndependence #Shell #SOCAR
The EBRD provides €200M to strengthen Ukraine’s energy security and will help increase the number of Ukrainian projects that are ready to attract foreign investment. €200M from EBRD will support Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security. The corresponding guarantee agreement was signed by the Minister of Finan... #ArvidTuerkner #ebrd #EnergyIndependence #InvestmentsinUkraine #Naftogaz #SerhiyMarchenko #UkraineFacility
Regions of Ukraine are becoming energy-independent: a waste incineration plant for electricity production will be built in Odesa, and 10 gas power plants will be installed in Transcarpathia. The Odesa City Council approved the development of a land management project for the allocation of a 4-hectare plot of land to the municipal enterprise “Heat Supply of the City of Odesa” f... #EnergyIndependence #gaselectricity #Odesa #Transcarpathia #WasteIncinerationPlant #WasteProcessingPlant
IFC: Liberalization of energy prices is needed to unlock $97B in energy investment. The top manager of the International Finance Corporation (IFC) of the World Bank Group, Ines Rocha, said: “Reforms in the energy sector, including the liberalization of energy prices, are of key... #EnergyEfficient #EnergyIndependence #energyukraine #ifc #InesRocha #ReformsinUkraine #RESinvestments
Ukraine will additionally spend ₴759M to strengthen the stability of its energy system, and a cement producer will invest $15M in energy production. The government approved using state funds for decarbonization and energy-efficient transformation. This will occur through an additional ₴759M ($19M) program to support energy efficiency and strengthe... #CementProduction #EnergyDecentralization #EnergyIndependence #energyukraine #InvestmentsinUkraine #KryvyiRihCement
The US Department of State believes Ukraine can become a natural green energy bank for the EU. US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, stated at the Ukraine Recovery Conference in Berlin: “We need to change the paradigm of how we see Ukraine’s energy fu... #EnergyIndependence #GeoffreyPyatt #hydrogenEnergy #RenewableEnergy #UkraineEnergy #URC2024
The EU seeks to speed up investment in the hydrogen market to achieve climate neutrality and independence from Russian energy sources. The European Commission announced the beginning of work on a pilot mechanism for developing the hydrogen market. Hydrogen will play an essential role in the EU’s transition to climate neutrality... #ClimateNeutrality #EnergyIndependence #GreenHydrogen #hydrogenEnergy #RussianFossilFuels
Germany and the Czech Republic have led the energy revolution in the EU and want to eliminate the remaining 20% of imports from Russia. Germany and the Czech Republic are calling on the EU to do more to cut the last 20% of Russian energy imports. The countries are asking for the creation of a working group to determine ways to gradual... #CzechRepublic #EnergyIndependence #EnergySourcesRussia #EUenergy #Germany #LNG #RussianGas
IMF: The EU will completely abandon Russian energy sources by 2030. According to the IMF, the EU has stopped importing coal and most oil from Russia. Imports of Russian gas to the EU have also been decreasing since 2021, and after the beginning of the full-scale war, ... #EnergyIndependence #EnergySourcesRussia #EUenergy #imf #RussianFossilFuels #RussianGas
Europe has ended its dependence on Russian gas but is now hooked on Russian fertilizers. After the invasion of Ukraine, the Russian Federation sharply reduced the supply of pipeline gas to the EU, in an attempt to put pressure on European governments. Instead, the EU began to build infras... #EnergyIndependence #EUenergy #LNG #RussianFertilizers #RussianGas #RussianTrade
Western countries are involved in 96% of Russian LNG exports. The maritime industries from countries supporting Ukraine, including members of the G7 and the EU, provided for more than 90% of Russian exports of liquefied natural gas in 2023, totaling €15.5B. 96% ... #EnergyIndependence #energysanctions #LNGimport #OilEmbargo #RussianGas #RussianLNG
Ukraine can occupy 20% of the European biomethane market. As noted by the head of the specialized association, Heorhiy Heletukha, there is no need to fear that Ukraine will see an overproduction of biomethane and an oversaturation of the European market. Aft... #BioGas #biomethaneinUkraine #biomethaneproduction #ClimateNeutrality #EnergyIndependence #EUenergy #HeorhiyHeletukha
The EU is seeking to sever energy ties with Russia permanently. The EU will eliminate Europe’s dependence on Russian fossil fuels during this decade, writes The Guardian. It is noted that the EU expects Russian gas imports to fall to 40-45 billion cubic mete... #EnergyIndependence #energysanctions #LNG #RussianFossilFuels #RussianGas
Europe will expand opportunities to export electricity to Ukraine on the eve of winter, while the EU has decided to reform the electricity market. ENTSO-E will increase the capacity of interstate crossings between Ukraine and EU countries in November to ensure the balancing of the energy system in case of hostile attacks, explained the European ... #electricityExport #EnergyIndependence #KadriSimson #RobertHabeck #UkraineENergySystem
Poland aspires to extract gas together with Ukraine. In general, Poland is ready to develop energy cooperation with Ukraine in several directions – gas production in the western part of Ukraine and the creation of the Rzeszów-Khmelnytska NPP energ... #EnergyIndependence #UkraineandPoland #UkraineGasProduction
Ukraine will build 10 biomethane production plants in two years. With the support of the European Investment Bank, plans have been made to build five plants to produce biomethane by the end of 2023, and the same number in 2024, said the head of the Parliamentary Co... #biomethaneinUkraine #EIBInvestments #EnergyIndependence
The US and Britain become energy partners to end Europe’s dependence on Russia. On December 7, the United States and Great Britain announced the creation of a partnership under which they will work to reduce global reliance on Russian energy exports, stabilize energy markets, and... #BritainAndUS #EnergyIndependence #USandUKenergyPartners
The European Commission will present a plan to overcome energy dependence on Russia. By the end of March, the European Commission must submit proposals to ensure EU energy security during the following winter period, and by the end of May, a detailed plan for the gradual elimination o... #EnergyIndependence #EUenergy #EuropeanCommission
The IEA has drawn up a plan for Europe to reduce its gas dependence on Russia. The International Energy Agency (IEA) has published a 10-point plan for Europe to reduce reliance on Russian natural gas. It will reduce Russian gas imports by more than a third this year as well as a... #EnergyIndependence #IEA #International InternationalEnergyAgency
