Naftogaz Ukrainy is in talks with European partners on reducing prices for imported gas, Minister of Energy and Coal Industry of Ukraine Volodymyr Demchyshyn has said in Kyiv.
SOCHI - The formal signature of a so-called winter package for supplying Ukraine with natural gas is no longer needed, as the necessary agreements have been reached, and the Ukrainian energy company Naftogaz only has to pay for gas for shipments to be started, Russian Energy Minister Alexander Novak told journalists.
The Russian market seems to be all about the oil price these days.
National joint-stock company Naftogaz Ukrainy has confirmed the initialing of the agreement between Ukraine, Russia and the European Commission on the conditions of gas supplies to Ukraine.
BRUSSELS - The confirmation and signing of the initialed trilateral gas protocol between the European Commission, Russia and Ukraine will require a separate procedure, European Commission Vice President in charge of Energy Union Maros Sefcovic said at a press conference in the early hours of Saturday.
BRUSSELS. Sept 26 (Interfax-Ukraine) - The ultimate price of Russian gas for Ukraine in the fourth quarter of 2015 is set at $232 per 1,000 cubic meters, European Commission Vice President in charge of Energy Union Maros Sefcovic said at a press conference after gas talks in Brussels on Friday.
BRUSSELS - The funds are planned to be lent by European financial institutions for Ukraine to buy Russian gas may not be enough if the winter turns to be cold, Gazprom Chief Execuive Officer Alexei Miller said.
Russia, Ukraine and the European Union have initialed a deal for Moscow to resume gas supplies to Ukraine over the winter after months of difficult talks overshadowed by conflict in the eastern European country.
Ukraine and Russia have finalized an agreement providing Kyiv with gas supplies for the upcoming winter.
In the more than two decades since independence, Ukraine squandered opportunities provided by its geologic endowment and geographic location to be self-reliant in energy and to contribute to the reliability of energy transit for itself and its neighbors. Its economy is mired in wasteful energy consumption caused by badly targeted subsidies. For at least 10 years, numerous plans for reforming Ukraine’s energy sector formulated by successive governments have not been implemented. The question was never what needs to be done, but the absence of political will to execute reforms that eliminate systemic corruption in the energy sector favoring powerful interest groups.
Ukraine imposed sanctions against Russian businesses and individuals, as well as some foreigners, actively involved in the annexation of Ukraine's Crimea and in destabilization in Donbas.
Ukrainian Prime Minister Arseniy Yatseniuk has expressed hope that Western partners will not allow Ukraine to be stripped of the possibility to transit natural gas to the European Union.
KRAMATORSK, Ukraine – The Ukrainian government has the required energy resource to successfully pass the autumn and winter period, Energy and Coal Industry Minister of Ukraine Volodymyr Demchyshyn said during his working visit to Donetsk Oblast on Aug. 29.
Over the past year Ukraine has faced near continuous pressure to reform its energy sector, from groups as varied as the International Monetary Fund to the European Energy Community to Naftogaz. In response, Ukraine’s government and parliament have listened, introducing and passing unprecedented reform-oriented energy legislation. Yet much remains to be done if the country is going to achieve its goal of energy independence.
Centrenergo will receive the first batches of A grade coal from the Kuznetsk Basin (Russia) by the end of this month, Minister of Energy and Coal Industry of Ukraine Volodymyr Demchyshyn said at a meeting of the anti-crisis energy staff on Aug. 20.
Naftogaz Ukrainy during talks with Gazprom in Minsk last week did not raised the issue of obtaining advance payments for gas transit, head of the Naftogaz PR department Olena Osmolovska has told Interfax-Ukraine.
As of August 15, 2015 Ukrainian municipal heating supply companies have stocked 352,300 tonnes of coal or 68.5% of the planned volume and 54,500 tonnes of fuel oil or 64.28% of the target for the 2015/16 heating season.
Facing a cold shoulder from Europe and increased competition at home, Russia's Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could have no choice but to splinter.
By cutting gas consumption and increasing domestic gas production Ukraine may stop buying the Russian or European gas by 2025, Mykhailo Honchar, president of Strategy XXI center told journalists July 25, Ukrinform reports.