EBRD aims to increase support for Ukraine Naftogaz
President of the European Bank for Reconstruction and Development said that the bank is looking to increase its support for Ukraine’s state oil and natural gas company Naftogaz after Russian attacks this month on the country’s energy infrastructure. The coordinated and large-scale Russian air strikes on Ukraine's energy infrastructure…
Kyiv reports that a Russian drone and missile barrage has hit Ukraine's gas installations.
Volodymyr Zelenskiy, the president of Ukraine, said that Russia had launched an overnight attack on Ukraine targeting infrastructure with more than 300 drones. He said that the attack was on targets in central Vinnytsia, Poltava, and the northeastern regions of Sumy, Kharkiv, and Kharkiv. As the war enters its fourth year, Russia continues to attack Ukraine's power and energy facilities.
The price of gas in Europe is rising amid a strong supply
The Dutch and British gas price continued to rise Tuesday morning in response to the strikes on Ukrainian gas pipelines, but gains were limited due to a healthy supply. LSEG data shows that the benchmark Dutch front-month contract was up 0.12 Euros at 33.29 Euros per megawatt hour at TTF hub, or $11.37/mmBtu by 0959 GMT. The Dutch November contract increased by 0.14 Euros to 33.47 euros/MWh.
EUROPE GAS - Prices rise after Ukraine attacks on gas infrastructure and colder forecasts
Dutch and British gas rates rose on Monday morning, as colder weather forecasts increased demand for heating. Worries over Russian attacks against Ukrainian gas production may also have contributed to the increase. LSEG data shows that the benchmark Dutch front-month contract was 32.70 euros per Megawatt Hour (MWh) or $11.19/mmBtu at 0935 GMT. This is an increase of 1.32 euros.
Norway provides $100 million for the purchase of natural gas by Ukraine
The Norwegian government announced on Friday that it would donate 1 billion crowns (98.29 millions dollars) to Ukraine in order to purchase natural gas before winter. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase its gas imports. Analysts claim that Ukrainian gas reserves have dropped to their lowest level in 12 years.
Orlen LNG to sell 140 million cubic meters of US LNG to Ukraine's Naftogaz
Naftogaz, Ukraine's energy company of state, has signed a deal to purchase 140 million cubic meters (mcms) of U.S. Liquefied Natural Gas from Poland's Orlen. After Russian shelling, Ukraine's storage sites are almost empty and it needs to import large quantities of gas in order to meet its heating requirements for 2025/26. "Naftogaz diversifies…
Ukraine and Poland nearly double the capacity of their gas link
The Ukrainian Energy Ministry announced on Friday that the gas transmission system operators in Poland and Ukraine would double the capacity of the interconnector from 6.4 million cubic metres of gas per day to 12.4 mcm. After Russian shelling, Ukraine wants to import large quantities of U.S. Liquefied Natural Gas via Germany, Greece and Lithuania in order to prepare for the heating season.
Naftogaz, Ukraine's Naftogaz, to purchase new drilling rigs using EBRD loans
The European Bank for Reconstruction and Development will lend Naftogaz a loan of 36.4 million euros to modernise the drilling equipment. This was announced by the company on Monday. Naftogaz is the largest producer of Ukrainian gas. However, its production facilities suffered severe damage in a series Russian missile attacks earlier this year. This resulted in a 40% reduction of production.
Ukraine Approves Gas Import Via Transbalkan Pipeline To Avoid High Transit Fees
Ukraine's energy regulator has approved a gas import mechanism that will avoid high transit fees when supplying gas through the Transbalkan pipeline from Greece to Ukraine, the Ukrainian energy ministry said on Tuesday.Ukraine has faced a serious gas shortage since a series of devastating Russian missile strikes this year, which significantly…
Analyst ExPro states that Ukraine's gas reserves have dropped to their lowest level for 11 years.
ExPro, an analytical company, said that the gas volumes in Ukrainian storage sites are at their lowest level for at least 11 year. They stood at 6 billion cubic meters (bcm), as of Wednesday. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase gas imports and withdraw more gas from storage this winter and in the spring.
Transmission operator: Ukraine imports more gas
The operator of the national gas transmission system reported that Ukraine increased its gas imports to approximately 15.5 million cubic meters (mcms) per day over the weekend and Monday, compared with 14.5 mcms per day the previous week. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced…
Operator data shows that Ukraine increased its gas imports on Thursday by 40%.
The operator of the national gas transmission system announced that Ukraine would increase its gas imports on Thursday by almost 40%, to 13,3 million cubic meters. This is due to an increased import from Hungary. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase gas imports and withdraw more gas from storage this winter and in the spring.
Serhiy Korotetskyi is appointed as the new CEO of Ukraine's Naftogaz
Naftogaz, Ukraine's national oil and gas company, announced on Tuesday that Serhiy Koretskyi would be its new CEO effective May 14. Koretskyi, an engineer and economist, is the CEO of Ukrnafta & Ukrtatnafta which are both part of Naftogaz. In 2022, he took over Ukrnafta - Ukraine's largest petroleum company. Oleksiy Cernyshov was appointed as deputy prime minister in December 2024 and left Naftogaz.
National Bank of Ukraine: Ukraine will need $2.9 billion in 2025 to purchase gas
Ukraine's National Bank stated on Friday that the country will need $2.9 billion in gas imports by 2025, after Russian missiles and drones damaged Ukrainian gas production plants. In the late winter and spring of 2016, Russia repeatedly attacked Ukrainian gas assets located in the east. This caused a drop of at least 40% in gas production. A certain amount of capacity has been recovered.
Ukraine's Naftogaz signs a contract with Orlen for 100 mcm gas
Ukraine's Naftogaz signed a contract on Thursday for another 100 million cubic meters (mcm), bringing its total purchase volume from Orlen to 300 mcm. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase gas imports and withdraw more gas from storage this winter and in the spring.
Prices for gas in Europe are mixed due to economic concerns and storage requirements
The Dutch and British wholesale gas price were mixed on Tuesday, as economic concerns and forecasts for milder weather continued to exert pressure. However, Europe's need to replenish storage also provided support. LSEG data shows that the benchmark Dutch front-month contract fell by 0.70 euro to 34.70 euros per Megawatt Hour (MWh) at 0905 GMT. The British day-ahead contracts rose 0.20 pence, to 86.55 p/therm.
Naftogaz, the Ukrainian gas company, says it wants to buy 2 billion cubic meters of gas for 1 billion Euros
Naftogaz, Ukraine's state-owned oil and gas company, is in negotiations with the government and international financing institutions to raise one billion euros for the purchase of over two billion cubic meters gas for the heating season 2025/26. In a press release, it said that 430 millions euros would be provided by the EBRD to buy an additional 1 bcm gas. Another 0.1 bcm LNG would come from Poland’s Orlen.
As reserves are at a record low, Ukraine could need to import up to 6.3 billion cubic meters of gas next winter
The former head of Ukraine's gas transit operator stated on Sunday that the country may have to import as much as 6.3 billion cubic meters (bcm) for winter 2025/26 due to the fact that its reserves are at a record-low level because of war-related damages to certain facilities. Serhiy Mikogon, a Telegram Messenger user, said that after…
Media report that the Russian court has increased the penalty for Naftogaz Ukraine to $1.3 billion.
Russian news agencies reported that a Russian court increased the financial penalty imposed on Ukraine's Naftogaz state energy company from $150 million to $1.3 billion for its decision to pursue international arbitration in order to resolve a dispute over gas transit with Gazprom. Naftogaz didn't immediately respond to a comment request.
Ukraine purchases US LNG from Poland's Orlen
Naftogaz, the state-owned energy company in Ukraine, announced on Tuesday that it had purchased 100 million cubic meters (mcm), of U.S. LNG. This month, a senior Ukrainian energy official said that Ukraine could import large volumes U.S. Gas this year via terminals located in Germany, Greece and Lithuania. The fuel will be a shipment from the United States.