Ukraine has increased gas imports from Hungary by 60%, to 1.6 million cubic meters per day, according to Ukraine’s gas transmission system operator Ukrtransgaz. Ukraine will be able to use money allocated by the European Bank for Reconstruction and Development (EBRD) to purchase gas starting from July 20. (Ukrinform/Business World Magazine)
Presidents of Azerbaijan and Ukraine Ilkham Aliyev and Pyotr Poroshenko have discussed potential resumption of works within the Odessa-Brody pipeline project, Aliyev said at a joint press conference with Poroshenko. “We’ve discussed the Odessa-Brody project and gave instructions to resume the project”, he said, adding that the project “is creating good opportunities.” The Odessa-Brody pipeline…
Ukraine’s Prime Minister Volodymyr Groysman has held a meeting with the leadership of the U.S. Department of Energy regarding the direction of deepening cooperation in the energy sector. “The energy sector reform is now one of the priorities for the government. The tasks on the agenda are as follows: to open access to the energy…
The sum of a transaction on the acquisition of a controlling stake in Naftogazvydobuvannia significantly exceeds a figure of $180 million voiced by the ex-chairman of the company Oleh Seminsky, the press service of DTEK reported. At the same time, the energy holding said they did not have the right to operate exact figures, because,…
The Cabinet of Ministers endorsed the concept of the Energy Efficiency Fund to be created. “Setting up the Energy Efficiency Fund will allow making very simple things, first of all, improve the efficiency of energy consumption. We have about 100,000 multi-apartment buildings, 7.5 million private households. We don’t need to do pilot projects but broad…
Tajik Finance Minister Abdusalom Qurboniyon welcomed the delegation of the World Bank, led by Ranjit Lamech, World Bank Practice Manager, Energy and Extractive Global Practice in the Europe and Central Asia Region. Patricia Veevers-Carter, the World Bank Country Manager for Tajikistan, also attended the meeting. According to the Ministry of Finance Secretariat, the meeting participants…
About 20 billion cubic meters of gas have been annually produced in Ukraine, though only 12.5 billion cubic meters are of state production, Ukrainian Prime Minister Volodymyr Groysman said. “We extracted 60 and more billion cubic meters of gas back in 1970-1980s. Today, the state hardly produces 12.5 billion. And when I hear that Ukraine…