Public joint-stock company Ukrtransnafta in 2016 saw an 11.7% rise in net profit compared to 2015, to UAH 1.519 billion, the company’s press service reported on April 21. The press service said that taxes and duties paid grew by 64.3%, to UAH 2.19 billion. The large growth of payments to the national budget is linked…
The price of natural gas bought by NJSC Naftogaz Ukrainy from European suppliers, which is to be delivered in May, is $25-30 per 1,000 cubic meters lower than the price stipulated in the contract with Gazprom, Naftogaz Chief Commercial Officer Yuriy Vitrenko said. “We’ve completed buying planned volumes of imported gas in May. It is…
The Delegation of the European Union (EU) to Ukraine has highlighted the importance and urgency of the adoption of the electricity market bill debated in the Verkhovna Rada. “This would be a key step towards a competitive and open electricity market in Ukraine, bringing it closer to the way how the electricity markets operate in…
Ukraine’s Cabinet of Ministers at a meeting on April 12, extended the state of emergency in the electricity market for one more month. Emergency measures in the energy sector, stipulated in government resolution No. 103-r dated February 15, came into effect on February 17, because of the blockade by activists with the support of a…
Public joint-stock company Kyivenergo plans to invest around UAH 550 million in reconstruction and development of heat networks and power lines in 2017, Executive Director Alina Bondarenko said at a briefing in Kyiv on April 11. “The approximate sum of investment into the heat networks in 2017 will be UAH 243 million and in the…
Residents of Ternopil region in western Ukraine are actively choosing solar energy as an alternative to natural gas. Over the past year, 120 private solar power plants started to operate in the region, First Deputy Chairman of the Ternopil Regional State Administration Ivan Krysak said. “Ternopil region occupies the second position in Ukraine in terms…
The National Commission for State Regulation of Energy and Public Utilities has developed a draft law on returning of all gas distributing networks to state ownership, Chairman of the National Commission Dmytro Vovk stated at a commission’s meeting on April 10. “The issue of ownership of gas distributing networks lies beyond the scope of the…