News with tag “Gas”

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May 15, 2013: Ukraine Imports Record Amount of Gas from the EU
Kyiv, May 15, 2013. Ukraine imported over 120 million cubic meters of natural gas in April 2013 from Poland alone, reported the press service of the public gas transporting company Ukrtransgaz. This number exceeds the volumes of gas imported in March by 4.2 times (24.3 million cubic meters). Additionally, last month Ukraine imported over 18 million cubic meters of gas from Hungary.
May 3, 2013: Ukraine Has Largest Gas Storage Facilities in Europe - EU Energy Commissioner
Kyiv, May 3, 2013. Ukraine is not only a gas transit country, it possesses Europe’s largest underground gas storage facilities, said EU Energy Commissioner Günther Oettinger after Ukraine - EU roundtable regarding Ukrainian gas market, held in Brussels, informs UNIAN. Ukrainian Energy and Coal Industry Minister Stavytskyi reminded that, at present, Ukrainian gas storage facilities could accommodate 31 billion cubic meters of gas. Moreover, it is planned to extend that capacity up to 50 billion cubic meters.
April 24, 2013: Global FSRU Leader Signs Up for Ukraine’s LNG Terminal Project
Kyiv, April 24, 2013. American LNG solutions company Excelerate Energy will launch a preparation of engineering works for the floating storage and regasification unit (FSRU) in the Black Sea near the southern Ukrainian city of Odesa. Such is the outcome of the agreement signed between the company and the Ukrainian state enterprise LNG Terminal National Project, as reported by the official website of the State Agency for Investment and National Projects of Ukraine.
April 18, 2013: EU Countries Show Interest in Ukraine’s Gas Transportation System
Kyiv, April 18, 2013. Poland, Hungary, Italy, Germany and other European states are currently negotiating the use of Ukraine’s underground gas storage facilities. This was announced by Ukraine’s Minister of Energy and Coal Eduard Stavytskyi at a press conference in Kyiv. According to the minister, Poland, for instance, considers using gas storage facilities to be able to control the prices on the domestic natural gas market.
April 12, 2013: Ukraine Will Liberalise Gas Market by 2014 - Ukraine’s Energy Official
Kyiv, April 12, 2013. Ukraine will complete the liberalization of its gas market according to the European standards by 2014. Such plans were announced by Volodymyr Makukha, the Deputy Minister of Energy and Coal Industry of Ukraine. Ukraine intends to finish the restructuring of its gas monopoly Naftogaz and attribute the functions of gas extraction, storage, transporting, purchasing, and selling to independent entities.
April 5, 2013: Ukraine, EU Set Gas Roundtable Date
Kyiv, April 5, 2013. On May 3, 2013, Ukraine and the EU will hold a roundtable regarding the issue of the Ukrainian gas market development. The event will be held in Brussels. Its preliminary date has been agreed during the March 26, 2013, meeting of the Ukraine’s Minister of Energy and Coal Eduard Stavytskyi and EU Energy Commissioner Günther Oettinger.
April 2, 2013: Ukraine More Than Doubles Gas Import From Europe
Kyiv, April 2, 2013. Ukraine has increased its gas import from Europe through Poland to five million cubic meters per day starting April 1, 2013, reports Ukrtransgas, the Ukrainian gas transit state monopoly. This is 2.5 times the previous average amount of two million cubic meters per day.
March 28, 2013: Hungary Supplies Gas to Ukraine
Kyiv, March 28, 2013. Today Hungary has begun supplying German gas to Ukraine, informed the Prime Minister of Ukraine Mykola Azarov. He noted that the existing gas transporting system between the countries, originally built to supply gas to the rest of Europe, was now working in reverse in order to deliver gas to Ukraine.
March 26, 2013: Ukraine Discovers Oil Deposits in Antarctica
Kyiv, March 26, 2013. Ukrainian researchers discovered four oil reservoirs in western Antarctica using the technology of geoelectric sounding. The deposits, that occupy the total area of 900 square kilometers, are located near Ukrainian Antarctic research base Akademik Vernadskyi at Galindez Island. Ukrainian team also discovered clathrate hydrate deposits in the region.
March 13, 2013: Ukraine Arranges For Azeri Oil Supplies Starting 2016
Kyiv, March 13, 2013. Ukraine continues to diversify energy imports by making progress in negotiations with Azerbaijan regarding oil supplies to Ukraine and Europe. The first batch of Azerbaijani oil is planned to be shipped to Ukraine in 2016 through the Euro-Asian Oil Transportation Corridor, reported Ministry of Energy and Coal Industry of Ukraine.
March 4, 2013: Ukrainian Gas Transporting System Is Europe’s Most Imortant – Günther Oettinger
Kyiv, March 4, 2013. “Your [Ukrainian] Gas Transporting System (GTS) is the most important in Europe, however, its maintenance and renovation requires considerable investments,” stated European Commissioner for Energy Günther Oettinger in his interview with kommersant.ua. Ukraine has to find the necessary funds taking into consideration its commitments to the European Energy Community (EEC), such as providing the third parties with an access to the GTS, added Oettinger. The commitment becomes especially important given the prospects of commercial shale gas production and reverse-flow technologies in Ukraine.
February 25, 2013: EU Will Help Ukraine Diversify Gas Supplies – Ukrainian Energy Minister
Kyiv, February 25, 2013. The European Union will assist Ukraine in diversifying natural gas supplies, noted today Ukraine’s Minister of Energy and Coal Eduard Stavytskyi at the 16th EU-Ukraine Summit in Brussels. According to the minister, this should influence the current price Ukraine is paying for Russian gas.
February 14, 2013: Turkish Airlines Plan to Up Ukraine-Turkey Passenger Flow 40%
Kyiv, February 14, 2013. One of the world’s leading airlines, Turkish Airlines, plans to increase passenger flow between Ukraine and Turkey by 40 percent. In 2012, the annual passenger flow between the two countries exceeded 500,000 passengers, while in 2013 the airline aims to reach 700,000. Additionally, Turkish Airlines aim to open regular flights from Turkey to eastern Ukrainian city of Kharkiv and from Ukraine to the Turkish capital Ankara.
February 14, 2013: Poland Will Build New Gas Pipeline to Ukraine
Kyiv, February 14, 2013. Poland plans to invest EUR 1.1 billion in the construction of gas pipelines, which will connect the Baltic LNG terminal in Świnoujście with Ukraine, Czech Republic and Slovakia. Such statement was made by the state gas transportation company Gaz-System, reported Deutsche Welle.
February 14, 2013: Shell Ukraine Regards Improvement of Investment Climate in the Country
Kyiv, February 13, 2013. “I believe that Ukraine fills me with optimism,” said Graham Tiley, Shell Ukraine Country Chairman during his press conference in Donetsk on Tuesday, February 12, 2013, reports Ukrinform.
February 14, 2013: Turkmenistan Renews Gas Relations With Ukraine, Europe
Kyiv, February 14, 2013. Turkmenistan will renew gas supplies to Ukraine and countries of Europe according to the memorandum of understanding, signed between Ukrainian Naftogaz and Turkmen Turkmengaz state companies. The bilateral memorandum was finalized during the official visit of the President of Ukraine Viktor Yanukovych to Ashgabat on February 13, 2013. “I confirmed Ukraine’s interest in renewal of gas supplies from Turkmenistan and readiness to deepen cooperation in the area,” stated President Yanukovych.
February 7, 2013: Ukraine Says No to USD 7 Bln Bill from Gazprom
Kyiv, February 7, 2013. Ukraine has officially refused to acknowledge the USD 7.09 billion bill sent by Russian gas giant Gazprom in January 2013. Gazprom argues Ukraine owes the company money for the 16.7 billion cubic meters of gas Ukraine did not consume under the take-or-pay system, provided by the 2009 contract between the parties. Ukraine insists it obeys the contract and provided Russian company with a timely notice regarding predicted the cut in gas consumption in 2012.
January 25, 2013: Ukraine, Shell Gas Deal Stirs News World
Kyiv, January 25, 2013. BBC, Financial Times, The Globe and Mail, The New York Times, Reuters, The Wall Street Journal and a number of other global media representatives draw public attention to the signing of the production sharing agreement between Ukrainian government and the Royal Dutch Shell. According to the agreement, Shell and Ukrainian state company Nadra Yuzivska have equal shares in the enterprise – 50 percent.
January 21, 2013: Ukraine Considers Importing Gas From Slovakia
Kyiv, January 21, 2013. Ukraine is exploring two additional options of reverse gas supply from Europe, stated the Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi on January 18, 2013, not disclosing the said options. At the same time, kommersant.ua reports German RWE may provide Ukraine with gas from Slovakia, citing the source in the ministry. Additionally, Ukraine could import gas through Turkish LNG terminals.
January 18, 2013: Ukraine Regions Vote In Favour of PSA With Shell
Kyiv, January 18, 2013. The Donetsk and Kharkiv regional administrations voted in favor of the production sharing agreement with the oil and gas company Royal Dutch Shell. The document features ecology, social and other requirements for the investor and regulates the relationship between the investor and the state. According to the agreement, Shell will hand over 31-60 percent of the extracted gas to the Ukrainian state.
January 6, 2013: Ukraine’s Shale Gas Production Soars 11% in 2012
Kyiv, January 6, 2013. Throughout 2012 Ukraine produced 1.174 billion cubic meters of shale gas, boasting an increase of 11.2 percent compared to 2011. Following such dynamics will result in Ukraine’s timely fulfilling the plan to triple its shale gas production to three billion cubic meters by 2016, reports the press services of the joint stock company Chornomornaftogaz.
December 12, 2012: Germany Helps Modernize Ukrainian Gas Transporting System
Kyiv, December 12, 2012. Ukraine starts the first joint project regarding the modernization of its gas transporting system. Renovation works at the compressor station Bar of the cross-country Soyuz pipeline will be financed through Deutsche Bank AG credit line. Ukrainian state company Ukrtransgas will receive EUR 53.5 million from the German bank.
November 26, 2012: Ukraine Offers Favorable Conditions for US Gas Drillers – FT
Kyiv, November 26, 2012. It is profitable to explore and produce gas in Ukraine now, John Dizard says in his article for Financial Times. He explains that gas is cheaper in America and, to get sizeable returns, companies search for more cost-effective deals elsewhere. “The Ukrainian gas prices are high enough to pay for the costs of shale and coal-bed gas, which are much higher than conventional gas,” he writes.
November 2, 2012: Ukraine Turns to Germany for Gas (Updated)
Kyiv, November 2, 2012. Ukrainian state-owned gas-managing company Naftogaz signed a contract with German RWE regarding the supply of one million cubic meters of natural gas per day in November – December of 2012. The deal should provide Ukraine with gas at USD 360 per thousand cubic meters, reported a source in Ukrainian energy ministry, as cited by kommersant.ua. This would allow saving USD 30 million per billion cubic meters of gas.
October 26, 2012: Shell Starts Drilling for Hydrocarbons in Ukraine
Kyiv, October 25, 2012. Today the Royal Dutch Shell plc. together with the Ukrainian public company Ukrgazvydobuvannia started drilling the first exploration well Beliayivske-400 in Kharkiv oblast. The new rig will extract around 300 cubic meters of gas daily, stated Ukrainian President at the opening ceremony.
October 24, 2012: EU Ready to Invest Into Ukrainian Gas Transporting System Modernization
Kyiv, October 24, 2012.The EU is set to contribute to the modernization of the Ukrainian gas transporting system as soon as Ukraine finalizes terms of the project, said the Head of the Delegation of the EU to Ukraine Jan Tombinski. Ukraine will come up with the project terms after receiving the results of the GTS assets valuation.
October 17, 2012: Ukraine Starts Syngas Production Plants Construction in 2013
Kyiv, October 17, 2012. The construction of five plants producing synthesis gas from coal will start in Ukraine in 2013, according to the President of Ukraine Viktor Yanukovych. Investment in the project may go up to USD 3.5 billion. Having been agreed upon in autumn of 2012, the project has currently moved to the stage of designing the plants.
September 26, 2012: Chevron Appreciates Transparency of Ukraine’s Tenders
Kyiv, September 26, 2012. President of Chevron North America Harry Luckett noted that his company was glad to have participated in tenders for extraction of hydrocarbons in Ukraine. While talking to the President of Ukraine Viktor Yanukovych in New York, he appreciated the transparency of the procedures and expressed hope that Chevron and Ukraine had great perspectives in oil and gas industry cooperation.
September 3, 2012: Ukraine Imports the Most Expensive Gas in Europe – Vice Prime Minister
Kyiv, September 3, 2012. In 2011 alone Ukraine overpaid 6 billion dollars for natural gas, Ukraine’s Vice Prime Minister Serhiy Tihipko said in his interview with the British newspaper The Telegraph. “We [Ukraine] have the most expensive gas in Europe… and we are not the richest country in Europe,” said Tihipko.
August 15, 2012: Exxon Led Consortium Wins Access to Ukraine’s Oil and Gas Resources
Kyiv, August 15, 2012. Four companies won the right to develop oil and gas reserves at the Ukrainian deep marine shelf field Scythian under the Black Sea, according to Eduard Stavytskyi, Ukrainian Minister for Ecology and Natural Resources. American ExxonMobil, Dutch-British Royal Dutch Shell, Romanian OMV Petrom, and Ukrainian state company Nadra will unlock the underwater deposits.

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