gasprices

Thursday, August 10

European gas prices jumped to a two-week high on concerns about LNG supplies. Based on fears of shrinking LNG flows, natural gas futures jumped more than 8% to over €33 per MWh, their highest level in two weeks. These concerns outweighed the fact that gas reserves in storage ar...

Wednesday, August 9

EU gas prices are falling due to full gas storages, and traders have switched to Ukrainian gas storage. Futures on the TTF hub in the Netherlands fell 1.7% to €29.97 per MWh (about $350 per thousand cubic meters), according to data from the ICE exchange. Bloomberg notes that sluggish demand after last y...

Monday, August 7

The NBU predicts a slight increase in oil prices in the second half of the year, against the background of the global economy’s upturn, particularly in China. In the rest of the year, prices will be under downward pressure due to the active production increase in the US and ...

Tuesday, June 27

Gas prices increased after the Wagner coup over the weekend in Russia. Natural gas futures in Europe were little changed at €32 per megawatt hour, after rising more than 10% earlier, as investors monitor supplies following the short rebellion in Russia over the weekend. ...

Friday, May 26

The EU has declared independence from Russian energy resources, and gas prices have broken a psychological low. As reported by the European Commission, this was achieved thanks to the EU’s plan to reduce gas consumption. It is noted that the EU has stopped importing coal and oil from the Russian Federation, and...

Tuesday, October 18

Ukraine is rapidly increasing gas imports from the EU. Since October 15, Ukraine has tripled its import of natural gas from Europe against the backdrop of lower gas prices. According to operational data from the Operator of the GTS of Ukraine, on October ...

Tuesday, August 23

After Gazprom’s statement, the price of gas soared to $3,000. Russia’s Gazprom announced that it was suspending the operation of Nord Stream 1 for three days, from August 31 to September 2, allegedly due to repairs. As a result, Monday’s gas price on the ...

Thursday, August 18

EU gas prices are roughly seven times higher than gas prices in the US. As US natural gas prices spike to a 14-year high, Europe’s natural gas crisis is driven by its reliance on energy from Russia, which has slashed natural gas flows to Europe in response to West...

Thursday, April 28

EU gas prices have jumped due to Gazprom’s supply cuts to Poland and Bulgaria. On April 27, gas prices in Europe rose by 24% due to the suspension of gas supplies to Poland and Bulgaria by the Russian corporation, Gazprom. According to the ICE exchange, the price of the nearest...

Tuesday, March 8

Europe’s gas price reached $3,060 for the first time in history. Gas prices in Europe are rising rapidly and have already exceeded $3,000 per thousand cubic meters. During the day, the price of fuel has grown by 38%, according to the ICE. Gas futures for April deli...

Tuesday, February 22

Oil is getting cheaper due to the possible Russia-US summit. Oil prices fell on Monday, February 21, thanks to a plan by the US president to hold a summit on the Ukrainian crisis and the prospects of signing a nuclear agreement between Iran and world powers ov...

Natural gas prices on the Ukraine Energy Exchange decreased by 13.3% last week. The starting prices of natural gas on the Ukrainian Energy Exchange (UEE) fell by 13.32% during the week of February 14-18. On February 14, the starting price of the resource was UAH 36,400 per 1 thou...

Wednesday, February 16

Gas prices fell below $900 after the Russian troop withdrawal news. European natural gas prices fell after Russia said units from the Western and Southern Military Districts would return to their bases after the exercise. In addition, Bloomberg reported that Putin pro...

Thursday, January 20

Gas prices force glass producers to shut down production. Recently, three glass manufacturers have stopped production completely, and the rest have entered the stage of production downtime to prevent the complete shutdown of furnaces. The reason is that gas ...

Monday, December 27

Storms and strong wind in Europe have brought down the gas price by 40%. The high winds boosted wind generation, and cut gas prices in Europe by a third from Tuesday’s all-time high over the past two days. The contribution of wind generation to electricity generation...

Wednesday, December 22

Gas price in Europe have reached a historical high for the third time in a day. The rise in gas prices in Europe on the stock exchange on the evening of December 21 amounted to more than 27% per day. The quotations for blue fuel set the third historical record in 24 hours –...

Wednesday, December 15

The gas price in Europe rose to $1,425 per thousand cubic meters. The price of January futures reached €122 per MWh. The natural gas price index TTF evidence this on the ICE Futures exchange. In November, the day-ahead contract traded at TTF for an average of $945 a...

Tuesday, November 9

Starting gas prices on Ukraine Energy Exchange (UEE) last week fell by 4%. During the period November 1st to the 5th, the price on the UEE decreased by 4%. “Starting resource prices had a trend that corresponded to the European one. As a result, as of Friday, the avera...

Wednesday, October 13

The average price of gas imports to Ukraine in September increased by 26.9%. The Ministry of Economy has reported that the average price was $543.1 (UAH 14,481) per 1,000 cubic meters. The price of gas imports over the past month was 26.9% higher than the price in August of 20...

Thursday, September 23

Record-High Gas Prices Affect Many European Corporate Sectors reported Fitch Ratings. Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, fertilizer producers and consumer goo...

Thursday, September 16

Gas prices rose daily on European markets close to the start of the heating season. Gas prices in Europe are breaking new records every day. Since Monday, the gas prices increased from $750 to $950 per thousand cubic meters according to ICE.

Friday, January 15

The government’s plan to cut gas prices by one third is sparking a flurry of meetings between the IMF representative and government ministers. “ The government’s plan to cut gas prices by one third is sparking a flurry of meetings between the IMF representative and government ministers. “We had a constructive meeting with the IMF on gas prices...

Aware of the IMF’s core attachment to market prices for gas, Aware of the IMF’s core attachment to market prices for gas, acting Energy Minister Yuriy Vitrenko and Finance Minister Serhiy Marchenko also explained the government’s position to IMF representatives...

From London, Timothy Ash stressed the importance of market prices for a major source of Ukraine’s heat and electricity: From London, Timothy Ash stressed the importance of market prices for a major source of Ukraine’s heat and electricity: “The move to market-based gas pricing in Ukraine has produced huge wins in recen...

Spawning street protests in at least eight regional capitals, the spike in Ukraine’s gas prices stems from Spawning street protests in at least eight regional capitals, the spike in Ukraine’s gas prices stems from: cold weather, high prices in Europe, and a poorly implemented market opening that allows pri...

At stake is $2.9 billion of low interest loans remaining to be disbursed from the IMF’s $5 billion Stand-By Arrangement of last summer. At stake is $2.9 billion of low interest loans remaining to be disbursed from the IMF’s $5 billion Stand-By Arrangement of last summer. The agreement is widely seen as a seal of approval for Ukraine’s...

One year after the last-minute renegotiation of Ukraine’s gas transit deal with Gazprom, One year after the last-minute renegotiation of Ukraine’s gas transit deal with Gazprom, Naftogaz reports that the Russian state company paid its 2020 bill in full — $2.1 billion. Gazprom paid f...

Today, the US State Department is expected to issue a report listing which European companies working on Nord Stream 2 will be subject to US sanctions, Today, the US State Department is expected to issue a report listing which European companies working on Nord Stream 2 will be subject to US sanctions, Reuters reports from Washington. In advance, Ram...

TIU Canada of Calgary is suing Nikopol Ferroalloy Plant for disconnecting the Canadians’ 10.5 MW solar plant last March TIU Canada of Calgary is suing Nikopol Ferroalloy Plant for disconnecting the Canadians’ 10.5 MW solar plant last March, ostensibly because the Ferroalloy Plant did not want to pay green power rates. ...

Ukraine’s coal production fell by 7% last year, hitting 29 million tons, near the level of 1916 Ukraine’s coal production fell by 7% last year, hitting 29 million tons, near the level of 1916, reports the Energy Ministry. Employment in coal mines is about 30,000 today – 6% the level of the end o...

Western Ukraine Coal Construction, Ukraine’s last state company devoted to building coal mines, goes up for auction in 10 days Western Ukraine Coal Construction, Ukraine’s last state company devoted to building coal mines, goes up for auction in 10 days, reports the State Property Fund. The company has 15,700 square meters at...

The State Property Fund plans to sell 500 state properties this year to private owners The State Property Fund plans to sell 500 state properties this year to private owners, Dmytro Sennychenko, the head of the Fund, wrote on Facebook. “Privatization grows jobs, improves the socio-econo...

Regional airports are primed for a post pandemic takeoff Regional airports are primed for a post pandemic takeoff. UkSATSE traffic numbers for 2020 confirmed the dominance of Kyiv’s two big airports – Boryspil (47,524 flights) and Sikorsky (12,805). The air...

The EBRD is working with the Infrastructure Ministry to create dedicated funds to develop Ukraine’s airports and railway infrastructure The EBRD is working with the Infrastructure Ministry to create dedicated funds to develop Ukraine’s airports and railway infrastructure, Minister Vladyslav Krykliy said yesterday on the ministry websi...

Thursday, January 14

The price freeze reverses a gas market liberalization process long advocated by the IMF. The price freeze reverses a gas market liberalization process long advocated by the IMF. Coming as the IMF is conducting a remote review of Ukraine, this measure is expected to delay any agreement on ...

In another cloud over the IMF deal, In another cloud over the IMF deal, Dmytro Sologub, a 5-year veteran member of the board of the National Bank of Ukraine, tells Bloomberg that summer’s shakeup of the central bank leadership may delay...

The Finance Ministry kept interest rates unchanged at Tuesday’s weekly auction, selling $319 million worth of bonds, The Finance Ministry kept interest rates unchanged at Tuesday’s weekly auction, selling $319 million worth of bonds, almost the same amount as the prior week. Of the total $48 million of 1-year dollar...

Dragon writes: Dragon writes: “State-owned banks likely remained the major buyers of domestic bonds…With the 2021 budget deficit target set at 5.5% of GDP, the government’s borrowing needs will remain high this year...

Sixteen foreign companies have registered interest in Ukraine’s first big privatization of this year Sixteen foreign companies have registered interest in Ukraine’s first big privatization of this year – the sale of a state company that mines and enriches titanium ore in Zhytomyr and Dnipropetrovsk r...

Increasing the company’s attractiveness, new management increased profits six-fold last year to $21 million Increasing the company’s attractiveness, new management increased profits six-fold last year to $21 million and announced last month a doubling of reserves of titanium-bearing ore sands at the Vilnohi...

Whittling away at Ukraine’s state property mountain, 1,899 privatization auctions were held in 2020, yielding $107 million for the budget Whittling away at Ukraine’s state property mountain, 1,899 privatization auctions were held in 2020, yielding $107 million for the budget, Dmitro Sennychenko, executive chairman of the State Property ...

Foreigners who invest over $100,000 in companies they set up in Ukraine will be able to apply for an immigration permit Foreigners who invest over $100,000 in companies they set up in Ukraine will be able to apply for an immigration permit, according to a resolution approved yesterday at the Cabinet of Ministers. Inves...

The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency, The Economist reports in its annual Big Mac index. In Ukraine, a Big Mac costs UAH 62, or $2.21. In the US...

The ‘Karta Polaka’ or ‘Polish Card’ was granted to 7,094 Ukrainians last year The ‘Karta Polaka’ or ‘Polish Card’ was granted to 7,094 Ukrainians last year, Poland’s Foreign Ministry told Ukrinform. Started in 2008 for people of Polish heritage who are not allowed to have two p...

Bills on ‘virtual assets,’ on cloud storage and on creating Diya.City, a virtual free economic zone for IT companies Bills on ‘virtual assets,’ on cloud storage and on creating Diya.City, a virtual free economic zone for IT companies, are legislative priorities this year for the Ministry of Digital Transformation. M...

The Dnipro shipping season ends tomorrow The Dnipro shipping season ends tomorrow, just ahead of this weekend’s freezing temperatures. Although shipping companies got an extra month – December – 2020 cargo was down 5% yoy, to 11.25 million t...

Turkish Airlines displaced Ukraine International Airlines as the top carrier in Ukraine last year Turkish Airlines displaced Ukraine International Airlines as the top carrier in Ukraine last year, UkSATSE, the air traffic control agency, writes on Facebook. Turkish carried out 14,623 Ukraine fligh...

Just in time for this afternoon’s snow, Kyiv ranks 7th in a ranking of 416 world cities for traffic congestion Just in time for this afternoon’s snow, Kyiv ranks 7th in a ranking of 416 world cities for traffic congestion, reports TomTom, the Netherlands-based provide to satellite navigation devices. Sandwichi...

Drivers spent an unnecessary 207 hours in rush hour traffic last year Drivers spent an unnecessary 207 hours in rush hour traffic last year, TomTom reports, detailing Kyiv’s traffic patterns. Congestion adds an extra 25 minutes to morning commutes and an extra 29 minute...

With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1 With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1 until the end of the heating season, usually early April. With prices expecte...