On July 1, the Cabinet of Ministers of Ukraine (the CMU) approved of a comprehensive plan for restructuring of national joint stock company “Naftogaz of Ukraine” in line with the new law “On the natural gas market” adopted by the Parliament on April 9, 2015. Naftogaz’s unbundling has been a key aspect of the Ukrainian…
Hot weather and irregular rains accompanied by hail and thunderstorms in some regions were observed during last ten days of June. In some districts of the southern and central regions, where rains were the most intense, the daily maximum precipitation amount was sometimes higher than two-week norm. The average daily air temperature was 20-28 C…
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, Chief Executive Officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
Five countries consider the issue of providing Ukraine, which suffers from the Russian aggression, with lethal weapons. U.S. Secretary of State John Kerry said this at the meeting with the Ukrainian Parliament Speaker Andriy Parubiy, the press service of the Ukrainian Parliament reports. “Five countries consider the issue of assistance to Ukraine (in provision of…
National joint-stock company Naftogaz Ukrainy continues negotiations with Russia’s OJSC Gazprom on the possibility of buying gas in the third quarter of 2016, but the supplementary gas contract to the 2009 contracts that will allow Naftogaz Ukrainy to resume purchases of Russian gas, has not yet been signed, Naftogaz Board Chairman Andriy Kobolev said. He…
Ukraine’s program to stop importing gas envisages the increase in electricity generation, thanks to completion of two reactors of Khmelnitsky nuclear power plant (NPP) and construction of hydroelectric power plants (HPP), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk said. “Agreements to complete two reactors of Khmelnitsky NPP have been reached. In addition, last week…
The European Bank for Reconstruction and Development (EBRD) on September 7 will decide on the provision of a $37 million senior secured loan to M.V. Cargo LLC to finance construction of a grain terminal at Yuzhny seaport (Odesa region). The total cost of the project is $130 million. The report to finance the project was…