Section: Energy
Ukraine`s Naftogaz cuts gas prices for industry by 10.3% from April 1
Oil & gas giant NJSC Naftogaz of Ukraine from April 1, 2017, will cut the minimum price of natural gas sold to industrial consumers by 10.3%, to UAH 7,675.2 per 1,000 cubic meters from UAH 8,553.6 per 1,000 cubic meters in March 2017, the company said in a statement. At the same time, the maximum prices of natural gas for industrial...
Oil prices fall on bloated U.S. crude storage
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output, according to Reuters. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.79 per barrel at 0451 GMT, down 17 cents, or 0.3 percent, from...
Cabinet of Ministers of Ukraine to extend state of emergency on Ukraine`s electricity market
The Cabinet of Ministers of Ukraine at today`s government meeting intends to prolong emergency measures, introduced on the Ukrainian electricity market a month ago. The speaker on the issue is expected to be the Minister of Energy and Coal Industry of Ukraine, Ihor Nasalik. Earlier, the Energy and Coal Ministry decided to introduce emergency...
Russia`s Gazprom doubling down on ”anti-Ukraine” Baltic pipeline – Forbes
Russia`s biggest gas company is really doubling down on its proposed Nord Stream II pipeline even as political pressure and new realities of the global energy markets weigh against it, according to Forbes. Gazprom is relentless, and despite its biggest partners being largely sidelined due to a Polish anti-trust decision last year, the Russian...
Energoatom inches up electricity production by 1.1%
State-run enterprise Energoatom, the operator of Ukrainian-based nuclear power plants, has raised electricity production by 1.1% in January-February 2017 year-on-year (y-o-y), to 15.797 billion kWh, according to the press service of the Ministry of Energy and Coal Industry. ”Since the beginning of 2017, Energoatom has produced 15.797 billion kWh...
RFE/RL: EU Commissioner says Gazprom appears set to comply with antitrust rules
EU Competition Commissioner Margrethe Vestager says Russia`s state-run gas giant Gazprom appears ready to comply with European Union rules in order to end a five-year antitrust case and avoid fines, according to Radio Free Europe / Radio Liberty (RFE/RL). Vestager said on March 13 that Gazprom`s commitments met its objectives regarding...
Ukrainian gas reserves shrink to 8.2 bcm
Natural gas reserves in Ukrainian underground gas storages (USFs) decreased by 0.5%, or 40 million cubic meters (bcm), on March 4-11, to 8.192 bcm from 8.232 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 4.63 bcm of gas was injected into USFs, while 0.53 bcm of gas pumped from the facilities on March 11...
Ukraine significantly increases import of oil products
Ukraine in January-February 2017 imported oil products by $582.5 million, which is 72% more than in the same period last year, the State Fiscal Service reports. According to the agency, imports of oil products from Belarus amounted to $285.1 million (48.9% of the cost of imports of oil products), from Russia – $158.2 million (27.1%), from Greece...
Ukraine stops withdrawing gas from UGSFs – Ukrtransgaz
Ukraine has stopped withdrawing gas from its underground gas storage facilities (UGSFs) and began pumping it, according to Ukrtransgaz, operator of Ukraine`s gas transport system. ”The injected amount is 4.5 million cubic meters per day,” Ukrtransgaz spokesperson Maksym Beliavskiy wrote on Facebook. Earlier, gas stocks in Ukraine`s underground...
Ukraine No.1 in Europe in terms of gas reserves – Naftogaz
Ukraine`s natural gas reserves in its underground storage facilities amounting to 8.217 billion cubic meters are the largest in Europe, as of March 5, 2017, the press service of the national oil and gas holding, Naftogaz of Ukraine, wrote on Facebook. ”As of early spring, our underground gas storage facilities have the most substantial reserves...
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General Staff operational report August 22, 2023 on the Russian invasion of Ukraine Tuesday, August 22, 2023 - 18:55 (EEST)
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