Section: Energy
Gazprom strikes deals with Czech Republic, Slovakia ahead of Nord Stream launch
Russia`s gas monopoly Gazprom has concluded framework agreements with gas transport operators of the two countries on long-term capacity reservation. The deals are not yet binding, but they should be the basis for future contracts for Nord Stream 2 gas pipeline, according to Kommersant publication. Russia`s Gazprom is preparing to redirect gas...
Ukraine`s Energy Regulation Commission cancels introduction of delivery charge for gas
Ukraine`s National Energy and Utilities Regulation Commission (NEURC) has canceled its resolution on the introduction of a delivery (customer) charge for the population from April 1, 2017. The relevant decision was unanimously supported by the members of the commission at an extraordinary meeting of the regulator. ”Today we must take a decision,...
Naftogaz signs memo on possible cooperation with two European gas transport system operators
The national oil and gas holding Naftogaz of Ukraine and Ukrtransgaz, operator of Ukraine`s gas transport system, have signed a Memorandum of Understanding on joint assessment of cooperation opportunities in the use and development of Ukraine`s gas transportation system (GTS) with Snam S.p.A. (Italy) and Eustream a.s. (Slovakia) – one of the...
Naftogaz reports almost UAH 27 bln in profits in 2016
National oil and gas holding Naftogaz of Ukraine in 2016 received UAH 26.5 billion, or US$ 984 million, in net profit, while the company saw a UAH 27.7 billion, or $1.029 billion, net loss in 2015, according to the holding`s press service. ”In 2016, Naftogaz received UAH 26.5 billion of net profit for the first time over the five years,” the...
Ukrainian gas reserves amount to 8.3 bcm
Natural gas reserves in Ukrainian underground gas storages (USFs) increased by 1%, or 82 million cubic meters (mcm), on April 1-8, to 8.307 billion cubic meters (bcm) from 8.225 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 15.78 bcm of gas was injected into USFs, while 9.49 bcm of gas pumped from the...
Denmark seeks to change law on pipelines amid Nord Stream 2 divisions
Denmark`s government is proposing amending legislation to allow it to ban pipeline projects on the grounds of foreign and security policy due to concerns raised by Russian efforts to build a disputed gas pipeline through Danish waters. The small Nordic country has been caught in a geopolitical conflict as Russian state gas exporter Gazprom and...
Ukraine marks first 500 days without Russian gas
It has been 500 days since Ukraine has refused to purchase natural gas from Russian energy monopoly Gazprom, as reported by the press service of Ukrtransgaz, the state-owned operator of the gas transportation system. ”We`ve not been importing gas from Russia for 500 days,” the report says. It is also noted that on April 8, 15.7 million cubic...
Synchronized power grids of EU, Ukraine to contribute to Ukrainian exports – Ukraine`s national nuclear energy generating company
President of Ukraine`s national nuclear energy generating company Energoatom Yuriy Nedashkovsky says that full synchronization of the Ukrainian power grids with the European Network of Transmission System Operators for Electricity (ENTSO-E) will increase the capacity of Ukrainian power exports to the EU, up to 4 GW, according to Energoatom`s...
Bloomberg: Oil spikes as U.S. strike against Syria roils global markets
Oil jumped as the U.S. cruise missile attack against Syria roiled global financial markets, according to Bloomberg. Futures in New York and London surged more than 2 percent to the highest in a month, Bloomberg said. The strike early Friday morning targeted hangars, planes and fuel tanks at one Syrian military airfield, according to a U.S....
Oil rises to near one-month high on gradual tightening of supplies
Oil prices climbed to a one-month high on Wednesday on signs of gradual tightening in a market bloated by years of overproduction that has left storage tanks around the world brimming with unsold fuel, according to Reuters. Prices for front-month Brent crude futures, the international benchmark for oil, were at $54.40 per barrel at 0345 GMT, up...
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Russia shelled residential quarters of Kherson, 1 civilian was injured: photos Wednesday, March 29, 2023 - 14:18 (EEST)
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