News
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LNG terminal in Lithuania expected by 2014
The government succeeded in persuading the MPs that a liquefied natural gas (LNG) terminal is necessary and will be useful for Lithuania. The project has been supported by 82 MPs, 1 MP was against and 11 MPs abstained. The project will be further discussed on June 7.
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At the G8 meeting oil price and Iran sanctions to be discussed
The impact on oil prices from sanctions on Iran will be on the agenda when President Barack Obama meets with other leaders of the Group of Eight nations, National Security Adviser Tom Donilon said.
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Bulgaria negotiates gas supply with Qatar and Turkey?
During the meeting on Friday, May 18, between the prime ministers of Bulgaria, Turkey and Qatar, it is expected a trilateral gas deal to be concluded.
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China announced again tender for shale gas development
China's Ministry of Land and Resources on Thursday invited tenders for its second shale gas bid round.
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Parliament of Lithuania accepted construction of NPP in the country
Lithuanian Parliament has approved the building of the projected Visaginas nuclear power plant (NPP) and the concession agreement with the Japanese company Hitachi.
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Large operators of Ukraine's filling stations cut prices for gasoline
Largest operators of Ukraine's filling stations, such as OKKO, Alliance (Shell) and WOG cut prices for gasoline A-95 by 4 kopecks/liter on Wednesday. Data of the on-line monitoring of the Consulting Group A-95.
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Ukraine close to receiving gas from alternative sources - Khoroshkovsky
Ukraine is very close to signing deals to receive natural gas from alternative sources now, Ukrainian First Deputy Prime Minister Valeriy Khoroshkovsky said.
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Economic situation would have been catastrophic without Kharkiv deals - Hryshchenko
The Minister of Foreign Affairs of Ukraine, Kostiantyn Hryshchenko, says that, without the discount on gas, which Ukraine received as a result of signing the Kharkiv agreements, the situation in the economy would have been catastrophic.
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Russia faces fuel crisis after railway wagon ban
Russia, the world's largest oil producer, faces domestic fuel shortages after authorities restricted the transport of crude oil by rail, forcing several refiners to cut production, industry and market sources said.
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US shale boom, Europe glut alter energy landscape
The shale energy boom in North America will lead to an industrial revival in the region while Europe could benefit from a conventional gas glut that will help decouple it from surging global oil prices, according to industry leaders and analysts.
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Prices of fuel in May could fall by 30-40 kopecks per liter
The expert and analytical group on the functioning of the market for oil and fuel, and the development of the oil industry under the Cabinet of Ministers of Ukraine has forecasted a fall in retail prices of petrol and diesel fuel by 30-40 kopecks per liter.
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Coal Energy estimates decline of 3Q FY2012 results
Coal Energy S.A. (Luxemburg) with assets in Ukraine has informed about the factors having impact on the results for the 3Q FY2012 which will differ negatively from the results reported for the previous quarters of FY2012 as well as from market expectations provided in brokerage houses’ research reports.
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Ukraine seeks to get up to 10% stake in TANAP
Ukraine is looking to take a stake of up to 10 percent in Azerbaijani-Turkish Trans-Anatolian Pipeline Project (TANAP), Platts reported with the reference to Ukrainian ambassador to Turkey Sergiy Korsunsky.
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Oettinger says the EU has enough oil
"At the moment the oil price is stable or going down. All our analysts say we have enough oil in Europe and globally, but we are flexible. We are in good contact with the IEA, the government in Washington and the member states," Energy Commissioner Guenther Oettinger told Reuters' Global Energy and Environment Summit.
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Bulgaria wants to launch new reactor by 2022
Unit 7 of Bulgaria's Kozloduy Nuclear Power Plant, NPP, will become functional by 2022 or 2023 at the latest, according to Economy and Energy Minister, Delyan Dobrev.
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Active Energy confident it can achieve growth with biomass plans in Ukraine
Fuel supplier Active Energy says its shift of focus to biomass in the Ukraine should see the firm return to growth.
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Gas for Ukrainian LNG terminal is not in the priorities of Azeri company
Ukraine is looking for possible supply sources for its planned 5 billion cubic metres (Gm³) LNG terminal in Odessa, Sergey Korsunsky, Ukraine's ambassador to Turke,y said.
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Most major filling chains ignore decision to reduce gasoline prices
The cost of A-95 gasoline in Ukraine on March 16 fell by 5 kopeks per liter only at filling stations in the chains Formula Retail, TNK and Ukr-Petrol. In addition, A-92 gasoline price fell by 4 kopeks per liter in the chain OKKO, to 11.15 UAH/liter, and the price of diesel fuel fell by 5 kopeks in the chains of Formula Retail and TNK.
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Ukraine to buy third rig - Naftogaz board chairman
National joint stock company Naftogaz of Ukraine is considering acquisition of a third drilling rig for exploration of the Black and Azov sea shelf. This was disclosed by the board chairman of Naftogaz of Ukraine, Yevhen Bakulin, the company's press service reported.
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Naftogaz Ukrainy forecasts average annual imported Russian gas price at $440 for 2012
The average annual price of Russian natural gas procured by Ukraine's national oil and gas company Naftogaz Ukrainy will be $440 per 1,000 cubic meters this year, Naftogaz's CEO Yevhen Bakulin said at a ceremony marking the commissioning of the modern self-elevating floating drilling rig (SEFDR) Petro Hodovanets on May 16.
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DTEK signs agreement with Hungary's MVM Partner to supply power in 2012
The largest private vertically integrated energy holding of Ukraine – DTEK – has signed a framework contract with Hungary's MVM Partner Ltd. to supply electricity in 2012, the holding's press service has reported.
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Industrial gas production at Yuzovska, Oleske fields to begin in 2017
Industrial gas production at the Yuzovska (Kharkiv and Donetsk regions) and Oleske (Lviv and Ivano-Frankivsk regions) fields is to begin in 2017, Ukrainian Environment and Natural Resources Minister Eduard Stavytsky said at a press conference in Kyiv on May 16.
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Azarov believes in progress of gas talks with Russia
Prime Minister of Ukraine Mykola Azarov has once again expressed the hope that Ukraine and Russia will agree on gas supply on fair terms. The head of the Ukrainian government made a statement to this effect in his speech at the conference on the future of Ukraine-EU relations, held at the European Parliament on Wednesday.
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Chornomornaftogaz will increase gas output by 8.7% in 2012
SJSC Chornomornaftogaz is planning to increase natural gas production in 2012 by 8.7% or by 100 million cu m against 2011 to 1.15 billion cu m. The company press service reported about this.
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South Stream construction economically disadvantageous to both Ukraine and Russia - Azarov
The construction of South Stream is economically disadvantageous to both Ukraine and Russia. In particular, the construction of this pipeline takes Russia 50 billion euros, while modernization of the Ukrainian gas transportation system takes 1.5 billion euros.
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18.05.2012
17.05.2012
16.05.2012
News
18.05.2012
- LNG terminal in Lithuania expected by 2014
- At the G8 meeting oil price and Iran sanctions to be discussed
- Bulgaria negotiates gas supply with Qatar and Turkey?
- China announced again tender for shale gas development
- Parliament of Lithuania accepted construction of NPP in the country
17.05.2012
Analysis
26.04.2012
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Vulnerability of energy security in Eastern Europe and testing commitments regarding the 3rd Energy Package
Moldova and Ukraine are in a period of intense talks with Gazprom in order to obtain new gas procurement conditions. Is it a negative signal or are these the first consequences of countries' commitments regarding the Third energy package, asks Ion Muntean from the Institute for Development and Social Initiatives "Viitorul" in Chişinău.
20.04.2012
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EU biofuels policy: repercussions on Ukraine
Despite many concerns, the EU “Renewable Energy Directive” (EU RED) did not cause interruptions to Ukrainian rapeseed exports to the EU in 2011, write Yuliya Ogarenko and Oleg Nivievskyi from the Institute for Economic Research and Policy Consulting.
Publications
Weekly analytical report: April 30 - May 13, 2012Analysis of last week's key events provided by the "DiXi Group" experts.
