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.
The price of gas in Europe has recovered from a new 5-month low
The European wholesale gas price at the TTF hub has rebounded after dropping to its lowest level in 5 months early in trade, amid protests against gas infrastructure in Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub rose to 39.94 Euros per megawatt hour or MWh, or $12.71/mmBtu at 09:39 GMT. It traded at 36.45 Euros/MWh earlier on Friday.
Ukraine's gas imports are still low despite Russian attacks on gas production
The operator of the state-run transmission system for gas reported that despite the massive Russian missile strike on Ukrainian gas production over night, Ukrainian gas imports remained relatively low on Friday. Naftogaz, the Ukrainian state gas company, said that Russian forces have targeted Ukraine's infrastructure for energy production and damaged its natural gas production facilities.
Naftogaz, Ukraine's gas producer, says that the Russian attack has damaged its production facilities.
Ukraine's Energy Minister said that Russian forces had targeted Ukraine's gas and energy infrastructure with their latest drones and missile attacks, which took place on Friday. Rescuers and engineers work to minimize the effects. "All necessary measures are taken to stabilise the power and gas supply," he said. In a press release, Naftogaz said that the attack had damaged its natural gas production plants.
Gas prices continue to drop in Europe amid healthy supplies
The wholesale gas prices in the Netherlands and Britain continued to drop on Wednesday morning, amid a comfortable supply situation and the prospect that European storage targets will be relaxed. The benchmark contract for the Dutch TTF hub at the front-month was 0.94 euros lower, at 43.05 Euros per Megawatt Hour (MWh), and the contract for April was 0.83 euros lower, at 43.31 Euros/MWh.
Naftogaz: Norway will finance Ukrainian gas purchases
Norway will finance Ukrainian purchases of natural gas from its country, Ukraine's Naftogaz said on Tuesday. This comes against a backdrop of an increase in Ukrainian imports, as the war between Russia is affecting the energy system of the country. The aid is part of an overall 380 million euro package ($400 million), financed by the European Bank for Reconstruction and Development.
After the Russian attacks, Ukraine plans to import 800 million cubic meters of gas by April.
Ukraine will import 800 million cubic meters (mcms) of gas in February and march to compensate for the sometimes 40% decrease in production following Russian missile attacks on the sector. A senior industry source said on Friday. Since its invasion in 2022, Russia has launched many missiles and drones at Ukraine's electric sector. However, it has intensified attacks on gasfields over the past few weeks.
Data shows that Ukraine gas imports will increase by 10% on Thursday.
Data provided by the operator for gas transmission systems shows that Ukraine will increase its gas imports by 10% to 25 million cubic metres on Thursday, following Russian missile attacks which damaged Ukrainian gas production plants earlier in the week. Ukraine's Naftogaz, the state-owned oil and gas company in Ukraine, and DTEK, a private…
Operator data shows that Ukraine's gas imports soared on Wednesday.
According to the data provided by the operator, the state-owned gas transmission system, Ukraine intends to double its daily imports of gas on Wednesday. According to data from the operator, Ukraine will import approximately 5 million cubic meters (mcm), up from 2.6 millions on Tuesday. The operator didn't explain why imports increased, but Ukraine experienced frost over the past few days.
SOCAR sources: Russia and Ukraine cannot agree on gas deal mediated by Azerbaijan
Azeri SOCAR, a leading energy company in Azerbaijan, said on Friday that Moscow and Kyiv failed to reach an agreement on the deal brokered by Azerbaijan for Russian gas to be exported to Europe via Ukraine. Azerbaijan was asked by the European Union and Ukraine to facilitate talks with Russia regarding a gas-transit deal due to expire this year.
Chernyshov, CEO of Naftogaz Ukraine, appointed as deputy PM for new ministry
The Ukrainian parliament approved Oleksiy Cernyshov, the CEO of state-owned oil and gas company Naftogaz as deputy premier to head a newly created ministry for national unification as the third anniversary of Ukraine's full-scale war against Russia approaches. Chernyshov is a 47-year-old man who has been leading Naftogaz since 2022. He was also the minister for regional development from 2020 to 2022.
Finland seizes $4.25 billion in Russian assets as part of the Naftogaz case
Documents from a Finnish court show that the court ordered the confiscation of assets worth $4.25 billion owned by Russia and located in Finland at the request Naftogaz. The Finnish Enforcement Authority confirmed it was executing this order. Since 2016, Naftogaz has taken legal action against Russia to seek compensation for the expropriation…
In a legal dispute with Ukraine's Naftogaz, Russia contests the seizure of Finnish assets.
The Kremlin announced on Tuesday that Russia would file a lawsuit against the confiscation of Russian state assets by the Ukrainian oil and natural gas company Naftogaz. Naftogaz's lawyers announced on Sunday that they had frozen Russian state-owned assets and real estate in Finland, worth tens or hundreds of millions of dollars. Naftogaz…
Naftogaz CEO: Ukraine produces 53 mcm gas per day
The CEO of Naftogaz said that Ukraine produces 53 million cubic meters of natural gas per day, including 43-44 Mcm produced by the state energy group. Oleksiy Cernyshov said Naftogaz had prepared for different scenarios in advance of the winter months, and that it ensured appropriate quantities of gas were stored. According to him, Ukraine currently has less than 13 billion cu m of natural gas in underground storage.
S&P upgrades Austria's credit ratings outlook to positive and sees improvements in energy supply
S&P Global Ratings, the credit rating agency, has upgraded Austria's outlook from stable to positive. The improvement in Austria's energy supply and its solid budget situation were cited as reasons for this change. S&P's statement on Friday night said that the positive outlook reflects Austria's potential to improve its energy supply position while its economy remains strong over the next 24 month.
Gazprom Says Nord Stream Payments Blocked by Swiss Injunction
Gazprom said a Swiss court has issued an injunction blocking payments from the operators of the Nord Stream gas pipeline as part of a legal dispute between the Russian gas producer and Ukraine's Naftogaz.All payments from Nord Stream AG and Nord Stream 2 AG are to be directed to the Swiss bailiffs, Gazprom said in a program for a eurobond issue dated November 9.Gazprom intends to challenge the injunction in court, TA
Swedish Court Revokes Suspension of Gazprom vs Naftogaz Ruling
A Swedish appeals court said on Thursday it had revoked a previous suspension of an arbitration ruling that blocked attempts by Ukraine's Naftogaz to seize Gazprom's foreign assets in a long-running dispute over gas contracts.Reporting by Olof Swahnberg
Naftogaz Says British Court Grants Gazprom Asset Freeze in UK
Ukraine state oil and gas firm Naftogaz said on Tuesday a London court has granted its request to freeze the British assets of Russia's Gazprom, to enforce an earlier arbitration ruling from Sweden.That ruling, made by the Stockholm arbitration court in February, was meant to conclude a legal battle over gas deliveries.
Ukraine to Offer Gazprom Discounted Transit Fees
Ukraine will offer Gazprom discounted fees for natural gas transit to ensure a flow from Russia to Europe after 2020, European Commission Vice President for Energy Union Maros Sefcovic said on Friday.Russia's Gazprom and five European companies, with German backing, plan to build the North Stream 2 gas pipeline on the Baltic seabed to connect Russia directly with Germany, bypassing eastern Europe and limiting the flo
Naftogaz says Gazprom Must Be Part of new Russia
The head of Ukraine's Naftogaz on Thursday said EU-mediated talks over future Russian gas transits via the country to Europe must include Gazprom and must be based on firm commitments."For the success of the talks, it is important to have Gazprom in the room," Naftogaz chief Andriy Kobolev told Reuters. "I am struggling to understand what outcome we are trying to achieve because ...
