Tag Archives: Ukraine

The spot price for gas in Europe has again risen above $400 per thousand cubic meters after falling below that level at the end of last week. It had soared towards $500 before falling back to $355 amid concerns regarding a labor dispute and possible industrial action at LNG plants …

Wheat extended gains after Ukraine used sea drones to cripple a Russian oil tanker and a naval vessel, threatening a key export route for Russian commodities through the Black Sea. Top wheat shipper Russia moves most of its grain through the waterway and is in the midst of a second …

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 …