In May, Ukraine reduced the transit of natural gas by 5.9% y/y to 5.98bn cubic metres, Ukrtransgas said. In Jan-May, gas transit declined by 16.45% y/y to 32.16bn cubic metres of which 31.12bn cubic metres were exported to Western Europe and 1bn cubic metres to the CIS countries. In May, imports of gas from Poland grew by 21% m/m to 27mn cubic metres, while imports of gas from Hungary amounted to 37.8mn cubic metres.
The current oil and gas reserves will help the country to shed its energy dependence, President Viktor Yanukovych said. Ukraine has recently made significant efforts to raise domestic oil and gas output and develop cooperation with leading international companies, he added.
The country intends to import around 30-32.5bn cubic metres of natural gas from all directions in 2013, Eduard Stavytskyi said. The ministry estimates that consumption of natural gas will decrease because of the energy efficiency projects that are being implemented: some 8-8.5bn cubic metres are the estimated savings in the chemical industry and approximately 22-24bn cubic metres in other industries, including heating utilities.
Turkey’s Energy Minister Berat Albayrak, son-in-law of President Recep Tayyip Erdogan, is set to visit Israel by the end of this year to conclude an agreement to construct a natural gas pipeline ... more
State-controlled Polish power firm Tauron has sold €500mn worth of eurobonds, the company said on July 5. Tauron needs capital to refinance the costs of construction and the purchasing of a ... more
Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more