Energy Headlines

Within six months, Ukraine will join the European Energy Community - European Commissioner for Energy Prime Minister of Ukraine Mykola Azarov met with EU Commissioner for Energy Gunter Oettinger. Prime Minister stressed that Ukraine has fulfilled the conditions for accession to the European energy community...

The Government today will consider the draft law "On ensuring the commercial accounting of natural gas" The Government today during the session will consider the bill "On ensuring the commercial accounting of natural gas." The Prime Minister of Ukraine Mykola Azarov said that today opening the Government...

President: Current government would never give up Ukraine's gas transit system Under no circumstances current government would allow giving up ownership of Ukraine's gas transit system in exchange for favors in certain contracts, said President Viktor Yanukovych at his today’s press...

French catch waft of Ukrainian gas Total E&P, an affiliate of the French petroleum company Total S.A. (the fourth largest extracting company behind Shell, BP and ExxonMobil), signed a contract with the Canadian EuroGas Inc. for the assessment...

TNK-BP Eyes Black Sea Shelf Oilfields The Russian-British TNK-BP company is interested in the development of the Ukrainian shelf of the Black Sea and intends to enter the natural gas market of Ukraine, TNK-BP CEO German Khan said as quoted...

EBRD will give EUR 200 Mn For Upgrade of Hydro Power Stations The European Bank for Reconstruction and Development mulls allocating a sovereign loan of up to EUR 200 mn to the Ukrhydroenerho, a hydroelectric power generating company, for upgrading seven of its power...

Russia Eyes Crediting Construction of Reactors In Ukraine Russia considers a possibility of crediting construction of the third and fourth reactors at the Khmelnytskyi nuclear power plant, Ukrainian government says. "We have discussed atomic energy issues, a possibility...

Buy a Green Car, Get a Bonus Deutsche Umwelthilfe, a German environmental protection organization, has offered to pay bonuses to consumers for buying cars with high indicators of environmental safety. German environmentalists say...

Swimming pool in Lviv school will be heated by solar pannels Educational complex "Arnika" in Lviv will use solar cells for heating school swimming pool. It is the first public facility which uses alternative energy sources in Ukraine. According to professor of material...

Naftogaz Deficit Hits UAH 16 bn The deficit of the Naftogaz Ukrainy national oil and gas company in 2010 is roughly estimated at UAH 16 bn, Vice Prime Minister Tihipko said Friday on TV. "With UAH 106 bn of the revenue part of the budget...

EBRD is invited to Modernize Gas Pipeline Ukraine hopes the European Bank for Reconstruction and Development will take part in the modernization of the nation’s gas transport system, the Cabinet says. After a meeting with the EBRD executive director...

Diesel engines beat hybrids on the ‘green car’ market On April 1 the Volkswagen Polo was named 2010 World Car of the Year at this year’s New York Auto Show. 59 judges from 25 countries chose the winner of the show in four categories. Announced at the New...

Gas retailers create a quality watchdog Oil traders plan to create a special institution to monitor the quality of oil products. This subject was discussed during the round table Pricing and Quality Control Policy on the Petroleum Products Market...

Ukraine and Austria will collaborate in energy efficiency Ukraine and Austria will collaborate in energy efficiency. On February, 17 was held official signing of Memorandum of understanding in the field of energy efficiency and renewable energies between NAER...

Donetsk City Council has adopted a complex program of energy saving till 2014 The decision was adopted on February, 26 at council session. It’s planned to designate more than 5 bln hrn for program realization. These costs are mainly obtained from local budgets and private investors...

The Government has adopted State target economic program on energy efficiency for 2010-2015 On March, 1, Cabinet of Ministers of Ukraine has adopted State target economic program on energy efficiency for 2010-2015. This document will determine national strategy for nearest five years. Program...

Gazprom says could invest in Ukraine gas network Gazprom would be prepared to consider a possible investment in Ukraine's gas pipeline system if invited to do so, the company's deputy chief executive said on Tuesday.Gazprom Deputy Chief Executive Alexander...

Tymoshenko promises privileges to companies generating electricity from renewable energy sources Ukrainian Premier and presidential candidate Yulia Tymoshenko has promised tax privileges to Ukrainian companies that generate electricity from renewable energy sources. The draft law has been registered ...