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.
MOSCOW - Gazprom will not extend its transit contract with Naftogaz Ukrainy, expiring in 2019, if it is offered disadvantageous terms, Russian Prime Minister Dmitry Medvedev said in an interview with the Slovenian Delo newspaper ahead of his visit to Ljubljana.
The reduction in rental payments for natural gas extraction (royalties) that was recently announced at the Ukrainian American Business Forum was widely recognized as an improvement on the 55 percent royalty tax which has been in place since last August.
WASHINGTON, D.C. -- Investors have complained vociferously that the nation’s goal to become energy independent is doomed by excessively high royalty tax rates of 55 percent enacted last year as a crisis measure.
Ukraine and 14 other countries of the European Union, the Energy Community in Dubrovnik (Croatia) on July 10 signed a memorandum on the gas market integration and the diversification of gas supply sources, according to the website of the European Commission.
When asked what the most promising sectors for investment in Ukraine are, business says energy efficiency.
Alex Ryabchyn, head of parliament's subcommittee on energy savings and efficiency, has Ukraine's coat of arms, the trident, pinned to the lapel of his navy jacket. But like his knee-hole blue jeans, the lawmaker says the nation’s energy strategy is still incomplete.
President Petro Poroshenko, in promising to clean up Ukraine's corrupt energy sector in his annual speech to parliament, said "opaque gas fumes will no longer light up Forbes global rich list with Ukrainian names."
MYKULYCHI VILLAGE, Ukraine - Some 20 kilometers northwest of Kyiv stands a 129-square meter, single-family country home that is as green as it is smart.
Investing in home energy efficency is not something the average Ukrainian has traditionally thought of doing. But gas bills will be incrementally rising to market levels, increasing almost four-fold by 2017.
While global trends are signaling about the expanding of the low carbon energy, Ukraine, being in the center of Europe and having a well-developed energy infrastructure, is lagging behind due to huge energy crises. The energy market has been monopolized by few and artificially kept aside the innovation and development. Moreover, low energy prices contributed to market inefficiency and cross subsidizing. Lack of competition and transparency made the situation even worse. Such a situation could have continued for a while, but the Russian aggression accompanied by energy crises revealed the energy market imperfection. Today, when the energy is no longer an economic or policy issue, but the issue of national security, the reanimation of the energy market is one of the important tasks for the coalition government.
The Ukrainian agri-food sector needs to reduce its specific energy costs if it aspires to maintain its competitiveness both domestically and internationally.
The Ukrainian government is not in a rush to drop its dangerous fiscal experiments in taxation of domestic gas production. Despite the recommendations of its international partners, the Ministry of Finance continues to insist on exorbitant tax rates, which are the highest in Europe.