News - page #35

Prime Minister of Ukraine Volodymyr Groysman has stated the Cabinet of Ministers is holding a discussion with the International Monetary Fund (IMF), during which it is trying to prove there are no reasons for raising gas prices for the population.

Ukraine has increased gas inventories in underground storage 80% or 6.478 billion cubic meters (bcm) since the end of the heating season, according to operational data from Ukrtransgaz.

Ukraine and the European Union have launched a project of a comprehensive study of Ukrainian underground gas storage facilities (UGS).

Compared to the last week, arrears in this category of the enterprises-debtors of NJSC Naftogaz of Ukraine have increased by UAH 138 thousand and total about UAH 3,202 million.

The issue of payment for the use of gas distribution networks will be resolved in the legal domain, and cases of abuse on the part of private network operators will also be appropriately assessed.

From now on, co-owners associations and house development cooperatives in the buildings that are not connected to the centralized heating system will be able to freely participate in the “warm loans” program and receive appropriate state financial support for the implementation of energy efficient measures.

Investment in the energy sector worldwide dropped for the second year straight as spending on upstream oil and gas projects continued to wane, according to the International Energy Agency (IEA).

New sanctions against Russia proposed by U.S. lawmakers and which could harm European firms violate international law and the European Commission should consider counter-measures, the German economy minister was quoted on Monday as saying.

U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working.

European Union states have given initial backing to a German proposal to blacklist several more Russian nationals and companies over the delivery of Siemens gas turbines to Crimea, but made no final decision, diplomats said.

Congress gave final approval Thursday to a package of strict sanctions punishing Russia for its cyberintrusions in last year’s elections, delivering a challenge to President Trump, who had sought flexibility to negotiate his own deal with Russian President Vladimir Putin.

Engie Energy Management Ukraine LLC (Kyiv) has applied for a license to supply natural gas in Ukraine.

Three weeks after France announced it would ban fossil-fueled vehicles, the United Kingdom is following suit.

Plans for tighter U.S. sanctions against Russia could harm European companies with energy interests in their giant eastern neighbour and appeared designed to stimulate U.S. energy exports to Europe, a German business forum said on Thursday.

Public joint-stock company Ukrnafta has started looking for partners for five investment projects the implementation of which is planned at its facilities, the press service of Ukrnafta reported on Tuesday.

State-owned enterprise National Nuclear Generating Company Energoatom saw a 45.7% rise in net profit in January-June 2017 year-over-year, to UAH 1.629 billion.

Nord Stream 2 will increase Russia’s influence over its neighbours and divide the European Union. But US sanctions against the pipeline will do more harm than good.

Bulgaria intends to launch a tender for the construction of the gas interconnecion with Greece this autumn, energy minister Temenuzhka Petkova said on Tuesday.

Britain launched a £246 million fund on Monday (24 July) to boost the development and manufacturing of electric batteries, a major growth area for the car and energy sectors.

The monitoring committee for the OPEC/non-OPEC oil production cut agreement will include in the meeting protocol a requirement for 100% compliance with oil production quotas under the agreement, Russian Energy Minister Alexander Novak said at a press conference following the committee's meeting.