News - page #34

The supervisory board member of Naftogaz of Ukraine, independent director Charles Proctor resigns his office through the absence of support of the corporate governance reform on the part of the government.

The off-schedule inspection conducted by the internal audit of NJSC Naftogaz of Ukraine revealed a series of violations in tenders on the part of Ukrgazvydobuvannia.

UAH 124 billion - these are budget revenues of local self-governments for 8 months of the current year, which is UAH 28 billion more than in the previous year. At the same time, the housing and utilities sector financing volumes for preparing for the heating season amount to UAH 3.5 billion.

In connection with the effectiveness of the Law of Ukraine "On Commercial Metering of Heat Energy and Water Supply", the Cabinet of Ministers has provided explanations as to how heat and water would be metered according to the new law.

Ukraine has informed the Kyoto Protocol Compliance Committee of the timely completion of all the measures specified in the compliance plan and of the discharge of its commitments under the first validity period of the Kyoto Protocol.

The Cabinet of Ministers of Ukraine has charged the Ministry of Energy and Coal Industry of Ukraine with creating an inter-agency commission for investigating the systematic non-compliance by NJSC Naftogaz of Ukraine with the plan for transfer of assets, material and technical and other resources required for effective operation of PJSC Main Gas Pipelines of Ukraine.

Hennadiy Zubko, Vice Prime Minister, Minister of Regional Development, Construction and Housing and Utilities Sector of Ukraine, reported that the Cabinet of Ministers of Ukraine had approved incentive tariff setting for heat producers from renewable energy sources.

Development of a legal decision in the area of maintenance and use of gas distribution networks is entering the home stretch and will be presented in a short time.

The Energy Community’s leading gas conference took place on 20 September in Ljubljana. Gathering more than 140 stakeholders, the 12th Gas Forum discussed the most pressing issues facing gas markets in the Energy Community Region and beyond.

EBRD President Sir Suma Chakrabarti concluded a visit to Ukraine on Friday afternoon after meetings with the country’s President Petro Poroshenko, Prime Minister Volodymyr Groyssman and a speech at the annual meeting of the YES international conference.

National joint-stock company Naftogaz Ukrainy and Russia's Gazprom would receive final decisions on the gas price formula in the Arbitration Institute of the Stockholm Chamber of Commerce, Naftogaz Head Andriy Kobolev has said.

Ukrainian enterprises in August 2017 imported gas at an average price of UAH 5,385 or $210.11 per 1,000 cubic meters, according to the website of the Ministry of Economic Development and Trade.

DTEK is waiting for the arrival of two ships with anthracite from South Africa in the middle of September.

The payback period for hydraulic fracturing at Ukrgazvydobuvannia's wells is two or three weeks, Ukrgazvydobuvannia Head Oleh Prokhorenko said at a government meeting on Wednesday.

Ukraine will accumulate no less than 17 billion cubic meters (bcm) of gas in underground storage facilities by the onset of the 2017/2018 heating season, Deputy Prime Minister Volodymyr Kistion has said.

The Czech government is considering increasing taxes imposed on producers of solar power because of high expenditures on renewable energy support.

The decision was made at a meeting devoted to the setting the upper price of coal headed by Minister Ihor Nasalyk and held on August 30 in the ministry, one of the meeting participants told Interfax-Ukraine.

The final arbitration rulings in the dispute between Gazprom and Ukraine's Naftogaz Ukrayiny over natural gas pricing, supply and transit are now expected to be made by the end of November, the Russian gas giant said late Tuesday.

Bulgaria started on Tuesday (29 August) construction of a radioactive waste depot for its sole nuclear plant, with the facility expected to become operational in 2021, the energy ministry said.

China has become the world’s third-largest shale gas producer, after only the U.S. and Canada, Iran’s PressTV reports, adding that last year, China pumped almost 8 billion cubic meters of shale gas.