Ukraine’s parliament exempts import of energy equipment from taxes

The Verkhovna Rada adopted bills No. 11258 and No. 11259, which canceled customs duties and value-added tax on the import of generators, batteries, and equipment for wind and solar generation. The documents were supported by 305 and 313 MPs respectively. Also, tax benefits apply to equipment for mine countermeasures and equipment for the production of … Read more

UkrGasVydobuvannya updates record for gas production in first half of 2024

The state-owned gas producer UkrGasVydobuvannya announced another record for gas production. In the first half of the year, the company produced 6,913 million cubic meters of commercial gas. This is 8.8% more than in the same period last year. “UkrGasVydobuvannya put 41 new wells into operation, of which 14 are high-flow wells. So, for example, … Read more

Ukrnafta to build 4.5 km deep wells, yielding over 100 tons of oil daily

Drilling will begin in August, with drilling equipment currently being transported and sites being prepared Ukrnafta is starting work on constructing two oil wells that will collectively produce over 100 tons of oil per day, according to Ukrnafta’s press service. Both wells are being built turnkey by a contractor selected through Prozorro – Energofinance LLC. … Read more

There is critical shortage of internal electricity generation, situation with shortage will be difficult in next 6-8 weeks

The Ukrainian energy system is critically short of domestic electricity generation due to shelling by the Russians – imports are at a maximum, which does not solve this problem, and in the next 6-8 weeks, the situation with the deficit will be difficult, said general director of the electricity supply company YASNO Serhiy Kovalenko. “We … Read more

Ukrnafta doubles non-fuel sales for five months

PJSC Ukrnafta in January-May 2024 increased revenue from non-fuel sales by almost 2.1 times (by UAH 134 million) compared to the same period last year – up to UAH 260 million, the company’s press service reported. In addition, the number of non-fuel receipts has almost doubled – from 1.32 million pieces in January-May 2023 to … Read more

A new high-rate gas well launched in Ukraine

UkrGasVydobuvannya drilled and put into operation another high-rate well with a natural gas daily flow amounting to 439,000 cubic meters, the Naftogaz Group press service reported on June 21. The well was drilled as an exploratory one to clarify the geological structure and assess the gas content of the deposits in the one of the recently … Read more

Gas reserves in Ukraine’s underground storage facilities exceed 9 billion cubic meters

As of mid-June, Ukraine has accumulated more than 9 billion cubic meters of gas in underground gas storages, reported the press service of Naftogaz of Ukraine. This volume corresponds to the plan, the chairman of the board of the company Oleksiy Chernyshov said. The gas injection season began on April 1. In two and a half … Read more

Naftogaz implements internal REMIT regulations

NJSC Naftogaz Ukrainy has approved an internal REMIT regulation – the EU Regulation on Wholesale Energy Market Integrity and Transparency. “The company is actively working on integrating into the European energy system,” Naftogaz reported on Friday. The document will, in particular, enable the company to fulfill its obligations under the new legislation introduced by Ukraine … Read more

Europe seeking ways to increase electricity supply to Ukraine

The transmission capacity for supplying electricity from Europe to Ukraine has reached its limit, and options for further increasing supply are being explored, according to the ENTSO-E Summer Outlook 2024 report by the operators of the unified European energy system. At the end of May, Ukrainian Energy Minister Herman Halushchenko confirmed that the European Union … Read more