Dusan Bajatovic, CEO of the Serbian state-owned company Srbijagas, came to an agreement with Alexey Miller, CEO of Russian state-owned energy giant Gazprom, and expects Russian gas supplies to reach 400 million cubic meters this winter.
Ukraine is set to face its toughest winter since the start of the full-scale invasion as Russia eyes cutting off its nuclear power after already bombing out capacity from half of its electricity generation sector in large-scale air strikes. For now, Russia is not directly striking the plants with missiles
NATO's new Secretary General Mark Rutte warned on Oct. 8 that Ukraine may be facing its most challenging winter since the start of the full-scale invasion, as the country prepares for more Russian attacks against energy infrastructure.
"As a result, we will expand our export and import capabilities and strengthen the energy security of both countries," Prime Minister Denys Shmyhal said.
Ukraine is in talks with the International Atomic Energy Agency (IAEA) to place foreign observers near its nuclear power plants amid reports Russia is planning to attack the infrastructure connecting the plants to the country's energy grid, an Energy Ministry official said.
Editor’s note: This is issue 75 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Sept. 23- Sept. 29, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Ukraine's state nuclear energy agency Energoatom signed on Sept. 25 a contract worth Hr 509 million ($12.3 million) for the design and construction of a protective structure at the Rivne Nuclear Power Plant, Ukrainian investigative media outlet Nashi Groshi reported on Sept. 30.
Russian troops shelled a mine in Donetsk Oblast, killing two female mine employees and injuring one other person, Ukraine's Energy Ministry reported on Sept. 22.
According to the IEA report, Ukraine's electricity shortage could reach 6 GW this winter, which is about one-third of the expected peak demand.
European Commission President Ursula von der Leyen will visit Kyiv on Sept. 20 to discuss Ukraine's energy needs with President Volodymyr Zelensky, she said on Sept. 19.
The measures recommended by the IEA include "bolstering the physical and cyber security of critical energy infrastructure, expediting the delivery of equipment and spare parts for repairs, (and) accelerating the decentralization of power supply," according to a press release sent to the Kyiv Independent.
While Russia's deadly war rages on Ukraine's soil, one unexpected aspect of the invasion is that natural gas continues to flow through Ukraine from Russia, with both sides profiting from the deal and – to an extent – financing each other's war machines. That is expected to change when their deal expires
The following is the Sept. 17, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine passes latest IMF review Ukraine passed its latest loan program staff review with the International Monetary Fund
Further Russian attacks on Ukraine's power grid could lead to a dangerous situation at one of Ukraine's three remaining operational nuclear power plants, Bloomberg reports.
An explosive object was discovered near an electrical substation in Kyiv Oblast, the Energy Ministry reported on Sept. 12.
Editor’s Note: This is issue 146 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 1-7, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrenergo’s supervisory board dismisses CEO Kudrytskyi despite objections of international partners; two independent board members step down due to
Ahead of the coming winter, Ukraine has protected 85% of its energy infrastructure in anticipation of further Russian attacks, Prime Minister Denys Shmyhal said at a Sept. 10 press conference attended by a Kyiv Independent reporter.
"This is critical for Ukraine's energy security and the confidence of international partners," the statement read.
The EU is providing Ukraine with a $44 million (40 million euro) humanitarian aid package to assist with energy repair works ahead of winter, European Commission President Ursula von der Leyen announced on Sept. 6.
Arctic LNG 2 was envisaged as Russia's largest LNG plant and a flagship project that was supposed to help the country become the world's leading LNG producer.
Editor’s Note: This is issue 145 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 25-31, 2024. The Kyiv Independent is reposting it with permission. This newsletter was originally published before the news that state energy grid operator CEO Volodymyr Kudrytskyi was dismissed on Sept. 3 amid a wide-scale
The denial came after Oleksandr Kharchenko, managing director of the Energy Industry Research Center, said in a post on Facebook there had been an accident at the plant, citing "two independent sources."
The controversial decision to dismiss the head of Ukraine’s state-owned energy grid operator has prompted resignations from two independent members of the company’s supervisory board and raised concerns from partners abroad. Volodymyr Kudrytskyi, who served as head of Ukrenergo since 2020, was dismissed on Sept. 2 on the
Four nuclear power units at two different power plans were disconnected during Russia's mass aerial strike on Ukraine on Aug. 26, the Presidential Office head, Andriy Yermak, said on Aug. 29.
The Kyiv dam is not under threat of breaching following a recent Russian attack on Kyiv Oblast, Ihor Syrota, the director of the state-owned Ukrhydroenergo hydroelectric energy company, said on Aug. 28.
The following is the Aug. 27, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Just as Ukraine was breathing a sigh of relief that over a month of regular power outages brought
Norway's energy sector is under threat of sabotage from Russia, Norwegian security chief Beate Gangaas told Reuters on Aug. 27, as European security services briefed Norwegian energy officials on potential Russian threats.
Editor’s Note: This is issue 144 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 17-24, 2024. The Kyiv Independent is reposting it with permission. Energy sector Cabinet leaves current gas tariffs for heat producers and households unchanged. On Aug. 23, the Cabinet of Ministers extended the public service
Ukraine's Energy Ministry said that it was one of the largest attacks on energy infrastructure and said that the consequences were still being determined.
The IAEA chief said he would visit the power station next week to gather information from its managers on whether it had already been targeted. Kyiv has rejected Russian accusations of planning to attack the nuclear plant.
Russian President Vladimir Putin visited Azerbaijan for the first time since the beginning of its full-scale war on Ukraine on Aug. 18, the latest significant development in the South Caucasus country's delicate balancing act between East and West. The visit comes amid a larger, historic realignment between the three countries
Russian Foreign Ministry Spokesperson Maria Zakharova denied on Aug. 18 a report that the country was entering indirect talks with Ukraine in Qatar on mutually halting strikes on energy infrastructure.
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