: :inin Kyiv (EET)

Section: Energy

    Naftogaz files suit with CJEU over ruling on Gazprom`s enhanced access to OPAL
    Mar29

    Naftogaz files suit with CJEU over ruling on Gazprom`s enhanced access to OPAL

    The national oil and gas holding Naftogaz of Ukraine has lodged a suit with the General Court of the Court of Justice of the European Union (CJEU) seeking cancellation of the European Commission`s decision on expanded access of Russia`s gas monopoly Gazprom to the OPAL gas pipeline, delivering gas from Nord Stream pipeline to the Central European...

    Toshiba to declare nuclear service company Westinghouse bankrupt
    Mar29

    Toshiba to declare nuclear service company Westinghouse bankrupt

    Japanese Toshiba`s subsidiary company Toshiba Westinghouse Electric, the American-Japanese company servicing nuclear power plants, will be declared bankrupt due to losses reaching $7 billion with another $2 billion to be lost due to the bankruptcy procedure, according to Reuters. Toshiba plans to file for Westinghouse Electric`s bankruptcy on...

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains
    Mar24

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains

    Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel, according to Reuters. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from...

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom
    Mar22

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom

    Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko does not rule out bankruptcy in case it loses its dispute with the Russian energy giant Gazprom in the Stockholm Arbitration Chamber, Novoye Vremia magazine reports. ”The state is not liable for the obligations of Naftogaz. Naftogaz will just go bankrupt. Our assets will be auctioned...

    Ukraine`s Naftogaz cuts gas prices for industry by 10.3% from April 1
    Mar22

    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
    Mar22

    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...

    Russia`s Gazprom doubling down on ”anti-Ukraine” Baltic pipeline – Forbes
    Mar15

    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%
    Mar14

    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
    Mar14

    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
    Mar13

    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...

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