In January-April 2023, Ukraine reduced electricity generation by 19.4% (by 8.8 billion kWh) year-over-year, to 36.5 billion kWh. This is stated with reference to the data of Ukrenergo in the report on the assessment of energy damage to Ukraine, prepared under the United Nations Development Programme (UNDP) and the World Bank. However, compared to the … Read more
Ukraine can become one of Europe’s key suppliers of green energy, Ukrainian President Volodymyr Zelenskyy said on June 21. In a video address to the Ukraine Recovery Conference taking place in London, UK, the Ukrainian president said he believes that there is no alternative to the green transformation of the economy, as Russian aggression has … Read more
NJSC Naftogaz Ukrainy has reached agreements with investors on the restructuring of two issues of eurobonds maturing in July 2022 and November 2026. According to the company’s press release, this was announced by Head of Naftogaz Ukrainy Oleksiy Chernyshov, following a meeting with eurobond holders on May 31, 2023. Detailed restructuring proposals have also been … Read more
Naftogaz, Ukraine’s national fossil fuel company, has started operations at one of its most formidable wells in recent years. This bodes well for future exploration, said Naftogaz CEO, Oleksiy Chernyshov, on his Facebook page on May 24. The well currently boasts daily gas production of 580,000 cubic meters. With an impressive depth of 5.8 kilometers, this … Read more
Ukraine’s largest gas producer, UkrGasVydobuvannya, launched a new exploratory well with a depth of 5,800 m, with a flow rate of 580,000 cubic meters of gas per day. Sydorov reports, citing the Naftogaz press service. Ukraine’s state gas producer is now actively developing new wells. The latest 5,800-m-deep exploratory well is one of the most … Read more
Ukraine and Germany are starting the “Renewable energy sources for a sustainable Ukraine – R2U” project for Ukrainian communities. The Ministry of Energy of Ukraine reported that on Telegram. This project is the first stage of implementation of agreements on deepening partnership in the field of “green” recovery with Germany. It is noted that within … Read more
Ten corporations presented the Ukrainian Gas Transportation System Operator with an offer to construct more than thirty biomethane plants. Sydorov writes about this, referring to the company’s Facebook page. The Ministry of Agrarian Policy believes that the development of the biomethane industry will make it possible to abandon the import of gas, which will contribute … Read more
Ukraine’s state energy operator Ukrenergo worked together with its Polish counterpart PSE to link the countries’ power grids with a 400-kilometer-long high-voltage transmission line, Ukrenergo said in a Facebook post on May 2. The interconnection has been operational since April 27 and successfully passed three days’ worth of testing. Ukrenergo emphasized that the cross-border power transmission line … Read more
Ukraine hasentered a stable disinflationary trend, suggesting further price declines are in the cards, National Bank Governor Andriy Pyshnyy told the We Are Ukraine TV channel on May 2, reported Ukrinform. “Prices will fall,” Pyshnyy stated. “The demand for [foreign] currency is decreasing. This is the result, among other things, of the NBU’s monetary policy, which … Read more
For the first time in a year and a half, Ukrainian businesses are expecting their production to grow, according to the National Bank of Ukraine (NBU) monthly business activity expectations index (BAEI), published on May 1. BAEI went up from 49.5 in March to 51.5 in April, crossing the neutral level of 50 points, indicating positive … Read more