: :inin Kyiv (EET)

Section: Energy

    OPEC heads towards supply cut extension as Saudi signals most on board
    May21

    OPEC heads towards supply cut extension as Saudi signals most on board

    OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut, according to Reuters. Saudi Arabia`s energy minister said on Sunday that extending the supply cuts by a further nine months until next...

    Ukrainian nuclear power plant operator confident of world-class fuel storage facility
    May20

    Ukrainian nuclear power plant operator confident of world-class fuel storage facility

    President of Energoatom, Ukrainian nuclear power plant operator, Yury Nedashkovsky has confirmed during his 10-day visit to the U.S. the progress in Holtec International`s preparations to build a Central Spent Fuel Storage Facility (CSFSF) at the site of the Chornobyl nuclear power plant in Ukraine, according to World Nuclear News. The CSFSF will...

    Ukrnafta submits new bailout plan to State Fiscal Service for approval
    May19

    Ukrnafta submits new bailout plan to State Fiscal Service for approval

    Ukraine`s largest oil producer, Ukrnafta, has sent a new financial recovery plan to the State Fiscal Service of Ukraine (SFS) for approval, according to which it will service current tax liabilities while payments for overdue tax debts estimated at over UAH 13 billion, or about US$493 million, will be subject to three-year restructuring,...

    Court rejects Gazprom`s appeal over Ukraine`s claim of UAH 172 bln fine
    May17

    Court rejects Gazprom`s appeal over Ukraine`s claim of UAH 172 bln fine

    The Supreme Economic Court of Ukraine ruled to reject the cassation appeal by Russian energy giant Gazprom on canceling the Antimonopoly Committee`s decision to recover from Gazprom a UAH 171.932 billion fine, according to the committee`s press service. ”Today, the Supreme Economic Court refused to satisfy the cassation appeal by PJSC Gazprom...

    Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes
    May17

    Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes

    Ukraine is making good on its debts with the European Union. This time it`s Naftogaz, arguably the country`s most important company, paying off a $300 million loan it had with the European Bank for Reconstruction and Development (EBRD) on Tuesday, according to Forbes. Naftogaz used the funds between July and September, but the EBRD loan option...

    Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months
    May16

    Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months

    State-run Energoatom, the operator of Ukrainian-based nuclear power plants, boosted revenue from electricity sales by 21% in January-April 2017 year-over-year (y-o-y), to UAH 16.835 billion, or US$636 million, according to the company`s report. Payments of the wholesale electricity market for energy supplied by Energoatom in the four months of...

    Cabinet of Ministers of Ukraine signs month-long extension of emergency in energy sector
    May12

    Cabinet of Ministers of Ukraine signs month-long extension of emergency in energy sector

    The Cabinet of Ministers of Ukraine at today`s government meeting has prolonged for another month the emergency measures introduced in the Ukrainian electricity market in mid-February. ”We need to continue the emergency measures, as we have to take operational management decisions; that`s why we call them emergency measures. Unfortunately, today,...

    Ukraine`s major state-owned gas producer to get loan from European Bank for Reconstruction and Development, European Investment Bank
    May11

    Ukraine`s major state-owned gas producer to get loan from European Bank for Reconstruction and Development, European Investment Bank

    Ukraine`s largest state-owned gas producer Ukrgazvydobuvannia intends to raise $76 million in financing from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to implement a project to increase natural gas production from existing wells, according to the EBRD press service. The $76 million project...

    Ukraine installs over 200 solar power systems in 2017
    May10

    Ukraine installs over 200 solar power systems in 2017

    Ukraine sees positive dynamics of demand for solar panels from the population with another 200 households having installed private solar power systems with a total capacity of 3.4 MW in the first quarter of 2017, according to the website of the State Agency for Energy Efficiency and Energy Saving of Ukraine. ”According to our monitoring, since...

    Ukraine`s underground gas stocks reach 8.7 bcm
    May08

    Ukraine`s underground gas stocks reach 8.7 bcm

    Stocks of natural gas at Ukraine`s underground storage facilities grew by 3.9%, or 327 million cubic meters (mcm), from 8.397 billion cubic meters (bcm) of gas from April 29 till May 6, to 8.724 bcm of gas, according to Ukrtransgaz, operator of Ukraine`s gas transport system. The amount of gas pumped daily into the USFs, as of May 6 was at 53.6...

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