Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…
Ukraine has every opportunity to get energy independence in five years, Prime Minister of Ukraine Volodymyr Groysman has said. “If all of us work in unison, in five years we will be able to abandon purchasing gas,” he declared. The prime minister stressed that for many years Ukraine had been preserving its capabilities and gas…
Electricity consumption grows annually by 10-15%, the Head of the National Energy Holding Aitmamat Nazarov announced at a meeting of the Parliament. According to him, it is necessary to attract investments to the industry, to build new stations, otherwise the country will face an electricity shortage. “In recent years, four new private mini hydropower plants…
Azerbaijan can use Montenegro’s experience in alternative energy sector; the development of this area is attractive for the country, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev said at the Azerbaijan-Montenegro business forum held in Baku. The minister noted that currently there was a noticeable activity in this sector between the…
Natural gas reserves at the Ukrainian underground storage facilities (USFs) after the completion of the heating season (April 5) increased by 48.5%, to 13.002 billion cubic meters. That’s according to the data provided by Ukrtransgaz, the state-owned operator of the gas transmission system of Ukraine. As of June 22, gas reserves at USFs are 21%…
Coal stocks at the warehouses of thermal power plants across Ukraine from June 12 to June 19 decreased by 6.8%, to 1.594 million tons, the press service of the Ministry of Energy and Coal Industry reports. In particular, reserves of anthracite coal over the specified period were reduced by 0.7%, to 387,000 tons, while reserves…
The council of the Latvian state energy giant AS Latvenergo has been removed by Economy Minister over lack of productivity. Yet its members have stated they are satisfied with the achievements of their work. Latvian Economy Minister Ralfs Nemiro (KPV LV) removed the council of the state capital company on June 19. Nemiro thanked council…