Uzbekistan’s Uzbekneftegaz JSC and the Oil and Gas Research and Design Institute of Azerbaijan’s state oil company SOCAR discussed the possibilities of joint implementation of projects in Uzbekistan. Reportedly, Chairman of the Board of Uzbekneftegaz Mehriddin Abdullayev and Director General of SOCAR’s Oil and Gas Research and Design Institute Fakhraddin Ismayilov held a meeting to…
Ukraine: gas deal signed with Hungary Gas TSO of Ukraine and FGSZ, Hungary’s gas transmission system operator, have concluded an agreement for the supply of a guaranteed volume of natural gas from Hungary to Ukraine starting from January 1, 2022, Sergiy Makogon, CEO Gas TSO of Ukraine, LLC, has announced. “I have good news on…
An increase in gas supply and distribution tariffs at the level of inflation and an increase in electricity tariffs for regional power companies will not affect the prices of these energy resources for the population. A corresponding statement was made by Deputy Head of the Office of the President of Ukraine Rostyslav Shurma. According to…
SIA Jurmalas siltums plans to increase the heating tariff in the city by 8.5% starting from February 1, 2022, according to the official entry in the Latvian Herald. On December 20, Jurmalas siltums submitted to the Public Utilities Commission its proposed heating energy tariff plan and justifications for approval. The current heating energy production tariff…
December 20 saw the market price of electricity triple compared to December 19 in the Estonian price area of the Nord Pool exchange. The average price was EUR 88.01 on December 19 and EUR 269.82 on December 20. The price was the highest between 6 p.m. and 7 p.m. hitting EUR 468 per megawatt-hour. Prices…
Minister of Economic Affairs and Infrastructure Taavi Aas (Center) said that alleviating the electricity price shock required adopting several broad-based short-term measures, including as one possibility a market price cap. The minister added that nuclear power feasibility analyses needed to be expedited. Aas said in a political statement delivered in front of the Riigikogu that…
The European Union shares the common understanding with the Ukrainian authorities that there is still a need for a more balanced approach to supporting renewable energy in Ukraine, EU Ambassador to Ukraine Matti Maasikas has said. “We share the common understanding with the Ukrainian authorities that going forward, there is a need for a more…