Tag Archives: Ukraine

Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas volumes that ship to Hungary and Italy. Therefore, the Austrian OMV company has already reserved transit …

Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two sides negotiating a new contract are slim to …

Ukraine is looking to raise initial funding of up to $40 billion to rebuild one of its most important industries – iron and steelmaking – including by reducing dependence on coal and launching a green steel industry after the war. The Russian invasion has decimated iron and steel production in …

Chinese imports of Russian oil last month hit their highest level since Moscow’s February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin. China is Russia’s largest economic partner, with trade between them reaching a record $190 billion last year. …

Norway has handed over more than 240 tonnes of humanitarian aid to the Ukrainian energy sector. Ukraine’s Deputy Minister of Energy Yaroslav Demchenkov stated this at a meeting with representatives of the Norwegian Embassy in Ukraine, Ukrinform reports, referring to the ministry’s press service. It is noted that Demchenkov told …

Russia on Saturday said it had destroyed three drones targeting an oil refinery in the southern border region of Bryansk, as Ukraine pursues its counteroffensive against Russian forces. “Russian air defense systems repelled an overnight attack by the Ukrainian armed forces on the ‘Druzhba’ oil refinery in the district of …

The Director of the International Atomic Energy Agency, Rafael Grossi, issued an urgent warning of a potential catastrophic nuclear accident at the Russian-controlled Zaporizhzhia nuclear plant in Ukraine, as Russian forces evacuated civilians from the nearby Ukrainian town of Enerhodar. Grossi said the situation at the Zaporizhzhia station was “increasingly …

The European market is fairly balanced, with prices and renewable energy generation fairly stable. The only downside is the low level of gas injection into underground storage facilities, but the season for this has only just begun. UKRAINIAN TRANSIT Gas Transport System Operator of Ukraine, or GTSOU, has accepted a …

Poland and Ukraine on Thursday called for international sanctions against Russia’s nuclear energy sector, saying they feared their neighbour may hurt energy security and economies in Europe if attacks on Ukrainian power facilities continue. Last week, the European Union adopted the tenth package of sanctions targeting Russia, but did not …

Russia’s war in Ukraine will accelerate the shift away from oil and gas as countries around the world prioritize domestic renewable energy sources as a way to increase security of supply while also cutting carbon emissions. That’s the conclusion from the latest annual energy outlook from the economists at BP. …