National joint-stock company Naftogaz Ukrainy saw a 109-fold rise in net profit (by 25.287 billion UAH) in January-September, to 25.521 billion UAH, according to an audited report posted on the company’s website. “Naftogaz saw 25.5 billion UAH of net profit in January-September, which does not include spending on reserves to cover bad debts in the…
Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…
The gas reserves available in Ukraine are enough to go through the 2016-2017 winter season, energy holding Naftogaz Ukrainy said in a statement. “Naftogaz deems the amount of gas available to Ukraine enough for secure gas supplies to Ukrainian consumers during the entire heating season”, the company said. Russian president Vladimir Putin earlier said that…
EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed. According to the press service of EIB, EIB and EBRD have assigned EUR 41 million each for the project.…
Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website. “The SCADA and security system will provide integrated, centralized and seamless monitoring and control along the entire 878-kilometer…
Ukraine buys up to 9 million tons of coal per year from the occupied territories of Donbas, Deputy Prime Minister Volodymyr Kistion said. “We receive coal in the amount of up to 9 million tons per year from the occupied territories”, he said. Kistion added coal was supplied by the companies that were registered and…
Naftogaz Ukrainy is very unlikely to buy gas from Gazprom until the end of winter, CEO Andrei Kobolev said. “We have not bought gas from Gazprom this year. Under our estimates, we will not do this until the end of this year, that’s why 2016 will be a full calendar year, which we’ve spent without…