Section: Energy
Ukraine boosts gas consumption by almost 20% in Feb
Ukraine increased consumption of natural gas in February 2017 by 19% year-over-year (y-o-y), to 4.5 billion cubic meters (bcm), according to Ukraine`s state-run gas transport system operator Ukrtransgaz. ”In February, Ukrainian consumers of all categories used 4.5 bcm of natural gas, which was 19% up from the same period last year,” Ukrtransgaz`s...
Ukrainian government intimidates with consequences of trade blockade Russia-occupied Donbas: power blackout, devaluation, $2 bln losses
Ukraine may lose up to $2 billion and the national currency exchange rate will weaken due to the blockade of Russia-occupied Donbas, Ukrainian President Petro Poroshenko said. If the blockade fails to be stopped, Ukrainian metallurgy may lose up to 300,000 jobs, according to the Ukrainian president. ”300,000 people will lose their jobs. The state...
Naftogaz to spend World Bank-secured loan on 1.1 bcm of gas in March
Ukraine`s oil and gas giant, NJSC Naftogaz of Ukraine, will buy 1.1 billion cubic meters (bcm) of natural gas in March, using letters of credit worth more than EUR 220 million under a loan agreement with Citi and Deutsche Bank against the World Bank`s guarantees, according to the company`s press service. ”The first 15 letters of credit have been...
Ukrainian government raised electricity price by 30% from March 1, 2017, Russia-occupied Donbas continues to receive electricity for free
This is the fifth planned increase in electricity tariffs for the households. Compared with April 2015, the electricity tariffs increased by 3.5 times. Earlier, in February 2015, The National Energy and Utilities Regulation Commission (NEURC) approved a two-year schedule of raising electricity tariffs for the households.According to the plan,...
National Bank of Ukraine estimates Ukraine`s losses from blockade of trade with Russia-occupied Donbas at $2 bln
The National Bank of Ukraine (NBU) estimates the country may lose up to US$ 2 billion in forex revenue if the blockade of trade, including in coal, with occupied Donbas continues. ”Some 2 billion [US dollars] is the most pessimistic forecast. But it can become reality. We must not forget that [it is related to] metallurgy, one of the key...
Russian militant in leaders Luhansk and Donetsk People`s Republics threaten to seize Akhmetov’s factories if blockade continues
Russian-backed leaders of the so-called ”LPR/DPR” (the self-proclaimed Luhansk and Donetsk People`s Republics) demand that the Ukrainian authorities stop by early March the transport blockade of the occupied areas of Donbas. Otherwise, the terrorists threaten to introduce external management at the enterprises under Ukrainian jurisdiction (mainly...
Gazprom violates contractual terms, reducing gas pressure at entrance to Ukraine`s gas transport system
Russian gas monopoly Gazprom has once again violated the terms of the contract on ensuring required levels of gas pressure in the Ukrainian gas transport system (GTS), which undermines stable gas transit to the European Union, National Joint Stock Company Naftogaz of Ukraine reported. As of 08:00 on Tuesday, the pressure on Sudzha gas-measuring...
U.S. to help Ukraine set up headquarters to counter threats to energy infrastructure
The Threat Reduction Agency at the U.S. Defense Department in the framework of a program on combatting possible nuclear threats and enhancing safety at nuclear facilities will assist Ukraine`s Ministry of Energy and Coal Industry to form the Interagency Operational Headquarters to counter threats to the country`s energy infrastructure, the...
Russia`s Gazprom names gas price for EU in 2017
Deputy Chairman of Gazprom Management Committee Alexander Medvedev said in his address to the Singapore Investment Forum that the export price of gas to the European Union in the current year may reach $180-190 per thousand cubic meters, according to Prime news agency. ”The price range in 2017 will remain between $180-$190 per 1,000 cubic...
Ukrainian gas reserves down to less than 8.4 bcm
Natural gas reserves in Ukrainian underground gas storages (USFs) shrank by 2.6%, or 222 million cubic meters (mcm), on February 18-25, to 8.386 billion cubic meters (bcm) from 8.608 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 23.5 mcm of gas was pumped from USFs February 25 alone. Earlier, the...
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