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Energy
Energy Ministry: Foreign companies storing 2.4 billion cubic meters of gas in Ukraine
Foreign traders are storing 2.4 billion cubic meters (bcm) of gas in Ukraine’s underground gas storage facilities (UGS), Ukraine’s Energy Ministry said on Oct. 16.
With winter approaching, is Ukraine's energy system ready for renewed Russian attacks?
The specter of Russian attacks on Ukraine’s energy system looms once again as winter rapidly approaches. Last year in early October, just as Ukraine’s heating season began, Russia launched a month-long series of missile and drone attacks against Ukraine’s energy infrastructure, leading to blackouts amid freezing temperatures
Naftogaz CEO: Ukraine hits autumn gas storage target ahead of upcoming heating season
With the cold season just around the corner, the race is on to prepare Ukraine for another winter of discontent after a series of Russian attacks devastated the country’s energy system last winter. Naftogaz, Ukraine’s state-owned oil and gas giant, has successfully overcome the first hurdle by accumulating
‘Rotterdam plus’ case reopened by top prosecutor
The infamous “Rotterdam plus” case is being reopened by Ukraine’s new top anti-corruption prosecutor. The case’s closure was “illegal and unfounded,” according to Oleksandr Klymenko, the new head of the Special Anticorruption Prosecutor’s Office (SAPO), appointed in July after the position was vacant for nearly two years.
PM Shmyhal: Ukraine relies on partners to cover $38 billion budget deficit in 2023
War-torn Ukraine relies on its foreign partners to face massive expenditures in the coming year, Ukrainian Prime Minister Denys Shmyhal said at a briefing on Sept. 14, detailing the 2023 budget bill. According to the bill, Ukraine plans to spend $61.4 billion in 2023. Government revenue for the next
The multi-million dollar Black Sea gas deal that doesn't exist
A UAE-linked company announced a $122 million investment project to build a terminal to store liquified natural gas (LNG) in Ukraine on July 18. The message raised eyebrows within the expert community, as a multimillion-dollar project near the front line doesn’t appear possible, nor does it appear to even
Ukraine produced 5% more electricity in 2021 despite coal shortage
Ukraine produced 5.2% more electricity in 2021 than in 2020, according to statistics published by the Energy Ministry on Jan. 11. The increase was driven by a 38% increase in hydropower output, a 15% increase from renewables and a 13% increase from nuclear power plants. However, electricity consumption increased
Parliament proposes new duty on energy, fuel imports from Russia
The parliamentary committee on energy, housing, and communal services proposed the introduction of a 4-5% duty on fuel and energy imports from Russia on Dec. 28, according to news outlet Ekonomichna Pravda. Committee chair Andriy Gerus was quoted as saying that Ukraine’s parliament is considering raising the duty on
Slovakia sends emergency electricity to Ukraine over unit shutdown at DTEK plant
Energy company DTEK was forced to import 300 megawatt-hours from Slovakia on the night of Dec. 21 to make up for the emergency shutdown of a faulty coal power unit at its Burshtyn thermal power plant in Ivano-Frankivsk Oblast. DTEK generates 30% of Ukraine’s electricity and is owned by
Coal shortages force Ukraine to switch to gas
A coal power plant in the city of Chernihiv just experienced something it’s not faced in 60 years – it has run out of coal. The Chernihiv Thermal Energy Plant was forced to switch to natural gas to generate electricity, the local news service reported on Dec. 14. What’s
German foreign minister: Ukraine ‘a factor’ in Nord Stream 2 certification delay
Germany’s new foreign minister, Annalena Baerbock, told German broadcaster ZDF on Dec. 12 that Russia’s current hostile actions towards Ukraine are “a factor” in the certification delay of the Kremlin’s Nord Stream 2 gas pipeline. This is the first time a member of the German government has
Media: Ukrenergo to replace supervisory board
The state electricity grid operator Ukrenergo will replace the majority of its supervisory board members by Dec. 9, according to a document from the Ministry of Energy obtained by news outlet Ekonomichna Pravda. The reshuffle was scheduled because the previous members' three-year terms expired in October. Ensuring that Ukrenergo has
DTEK energy company may have hidden hazardous accident at power plant
Ukraine’s largest energy company DTEK may have hidden the real scale of an accident that took place at one of their coal-fired thermal power plants in early November, according to a Dec. 2 report by Schemes, the investigative unit of Radio Free Europe/Radio Liberty. According to the report,
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