The shadow fuel market in Ukraine has nearly halved since the Russian invasion began, Serhiy Kuyun, director of the A-95 Consulting Group, reported during a briefing at the Media Center Ukraine. “This contraction has resulted from unforeseen factors—not from the actions of tax authorities, law enforcement, or regulatory changes, but rather from the destruction of … Read more
Naftogaz Group’s Ukrgasvydobuvannya put a new high-output gas well into operation, producing 274,000 cubic meters of gas more per day, Naftogaz’s official statement wrote on July 30. This well is unique as its planned borehole is located directly beneath a residential area. “The new well has increased daily gas production at the field by 17%,” Naftogaz Chief Oleksiy … Read more
The head of the board of the state oil and gas company Naftogaz insists that Ukraine needs to preserve at least some gas transit. Oleksiy Chernyshov, chairman of the Board of Naftogaz of Ukraine, called the proposal with the transit of Azerbaijani gas the main one of the two alternatives that Ukraine is currently considering. … Read more
Ukrainian President Volodymyr Zelenskyy signed new laws eliminating VAT and customs duties on importing energy equipment to boost promised energy generation capabilities. President of Ukraine Volodymyr Zelenskyy has signed laws abolishing taxes and duties on the import of energy equipment into Ukraine. These laws have already been published and have entered into force. Although they took effect … Read more
The European Network of Transmission System Operators for Electricity (ENTSO-E), at the request of NPC Ukrenergo, is working on the possibility of increasing cross-border capacity for electricity imports from Europe to Ukraine and may make a decision before the onset of cold weather, said Board Chairman of the company Volodymyr Kudrytsky. “At our very insistent … Read more
The European Network of Transmission System Operators for Electricity (ENTSO-E), at the request of NPC Ukrenergo, is working on the possibility of increasing cross-border capacity for electricity imports from Europe to Ukraine and may make a decision before the onset of cold weather, said Board Chairman of the company Volodymyr Kudrytsky. “At our very insistent … Read more
The current transit of Russian oil to the European Union through Ukraine, undoubtedly, takes into account the National Security and Defense Council’s sanctions against the Russian company Lukoil. However, its volume remains unchanged, indicating that the sanctioned company’s oil has been replaced by oil from other owners, Board Chairman of NJSC Naftogaz Ukrainy Oleksiy Chernyshov … Read more
Naftogaz, Ukraine’s state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22. This represents almost 76% of the projected target of 13.2 bcm, which Naftogaz was tasked to accumulate by Nov. 1. The figure of 13.2 bcm goes beyond … Read more
Ukraine and the EU have approached Azerbaijan to discuss supplying natural gas to Europe via Ukraine once an existing contract with Russia expires at the end of 2024, President Ilham Aliyev said. All sides — including Ukraine, the EU, and Russia — are interested in continuing gas transit, Aliyev said at a conference on July … Read more
Ukraine’s Verkhovna Rada passed a bill on the phased increase of excise duty on motor fuel with 231 votes, MP Yaroslav Zhelezniak reported on Telegram on Thursday. The bill is to come into effect on September 1, 2024. “The Parliament passed bill No. 11256-2 on increasing the excise tax on fuel. The LPG amendment (No. … Read more