Section: Energy

      Ukrainian and Polish Presidents criticize European Commission`s move to grant Gazprom access to OPAL
      Dec02

      Ukrainian and Polish Presidents criticize European Commission`s move to grant Gazprom access to OPAL

      President of Ukraine Petro Poroshenko and President of Poland Andrzej Duda on Friday, December 2, delivered a Joint Statement calling for the revision of the European Commission`s decision that allows Gazprom to increase volume of gas supply to Europe bypassing Ukraine. ”Ukraine and the Republic of Poland were stunned by the European Commission`s...

      Oil prices dip after OPEC-Russia output cut deal, focus swings to implementation
      Dec02

      Oil prices dip after OPEC-Russia output cut deal, focus swings to implementation

      Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this weekэs OPEC-Russia accord on cutting output giving way to questions on the ”sticking point” of implementing the deal, according to Reuters. International Brent crude oil futures LCOc1 were trading at $53.36 per...

      Naftogaz gets state guarantees for $500 mln loan for gas purchase
      Dec01

      Naftogaz gets state guarantees for $500 mln loan for gas purchase

      The Cabinet of Ministers of Ukraine has approved the granting of state guarantees in the amount of about $500 million to Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine in order to attract a World Bank loan for the purchase and pumping of natural gas in the autumn-winter period. Presenting the need for the provision of guarantees, First Vice...

      Oil prices fell over 1 percent before OPEC official meeting on Wednesday
      Nov29

      Oil prices fell over 1 percent before OPEC official meeting on Wednesday

      Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices, according to Reuters. Non-OPEC oil production giant Russia confirmed on Tuesday that it would not...

      We expect final decision of Stockholm arbitration in case against Gazprom in early 2017 – Yatsenyuk
      Nov29

      We expect final decision of Stockholm arbitration in case against Gazprom in early 2017 – Yatsenyuk

      During his visit to Brussels on Monday, November 28, leader of the Popular Front Party, Ukraine`s former Prime Minister Arseniy Yatsenyuk met with Vice-President of the European Commission Maros Sefcovic. After the meeting, the leader of the Popular Front said that the issues were discussed in particular on energy security. He recalled that the...

      Oil prices fall over doubts of planned crude output cut
      Nov28

      Oil prices fall over doubts of planned crude output cut

      Oil prices fell on Monday, adding to Friday`s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply, according to Reuters. Brent crude futures LCOc1 fell 2 percent at one point, but regained ground to trade down 35 cents, or 0.74 percent,...

      Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone
      Nov25

      Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone

      The plans were announced by Minister of Ecology and Natural Resources of Ukraine Ostap Semerak during a meeting with representatives of the international consortium represented by Midas Consulting, as reported by the ministry`s press service. ”Over these 30 years has been significant progress on safety in the exclusion zone and at the Chornobyl...

      Ukraine, EU sign new energy partnership memorandum
      Nov25

      Ukraine, EU sign new energy partnership memorandum

      Ukraine and the European Union jointly with the European Atomic Energy Community have signed a new Memorandum of Understanding on a Strategic Energy Partnership between the EU and Ukraine. The document was signed by Ukrainian Minister of Energy and Coal Industry Ihor Nasalyk and Vice President of the European Commission for Energy Union Maros...

      Oil prices edge higher despite doubts on OPEC-led cuts
      Nov24

      Oil prices edge higher despite doubts on OPEC-led cuts

      Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude, according to Reuters. Members of the Organization of the Petroleum Exporting Countries (OPEC) will meet next week on November 30 in Vienna to decide on the details of an...

      Energoatom to load Westinghouse fuel in Zaporizhia NPP power units in 2017
      Nov21

      Energoatom to load Westinghouse fuel in Zaporizhia NPP power units in 2017

      Ukraine`s Energoatom, the operator of all nuclear power plants across the country, will load Westinghouse nuclear fuel at power units No. 1, 3 and 4 of Zaporizhia nuclear power plant (NPP) in 2017, according to the press service of the State Scientific and Technical Center for Nuclear and Radiation Safety, with reference to head of the State...