Ukraine should reduce energy consumption by 5% every year, European Commissioner for Neighborhood Policy and Enlargement Johannes Hahn said. “Energy efficiency is one of the key goals of our joint initiatives”, he said. “Our goal is to improve energy efficiency by 5% every year”, Hahn said. He said that Ukraine should focus on energy efficiency…
In January-June Ukraine imported coal and anthracite (foreign activity code 2701) valued at $678.2 million, in particular $102.09 million in June. According to the State Fiscal Service, the Russian Federation delivered coal worth $446.26 million, the United States – $95.93 million, Australia – $43.28 million, other countries – $92.72 million. The total volume of coal…
In January-June Ukraine exported $85.48 million worth of electricity, with $10.46 million in June. According to the State Fiscal Service, electricity exports to Hungary amounted to $63.39 million, Poland – $21.73 million, Moldova – $347 thousand, other countries – $7 thousand. In January-June Ukraine imported $1.12 million worth og electricity from Russia and $320 thousand…
Natural gas stocks at Ukraine’s underground storage facilities after the completion of the 2015/2016 heating season have increased by 16.7%, or 1.4 billion cubic meters (bcm). While on April 6, 8.43 billion cubic meters of gas were in the underground storage facilities, on July 9, gas stocks amounted to 9.84 bcm (down by 19.4% YoY).…
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…
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…
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…