Ukraine hasn’t bought Russian gas since November 2015. In January 2017, Gazprom charged Naftogaz $5.3 billion for gas it had not purchased, under a take-or-pay clause covering the second through to the fourth quarter of 2016. The applicability of the take-or-pay principle is currently being reviewed by the Arbitration Institute of the Stockholm Chamber of Commerce within the context of the arbitration proceedings between Naftogaz and Gazprom that were initiated in 2014. Naftogaz doesn’t intend to pay the invoice until the final decision has been reached in the arbitration.
The National Renewable Energy Action Plan (NREAP) till 2020 establishes the general goals for the development of the renewable energy sources’ (RES) sector in Ukraine. According to Ukraine’s commitments as an Energy Treaty member, the RES share in the gross final energy consumption should reach 11 per cent by 2020. Continue reading A Very Good Prospect for Future Biogas Development→
The Concept for Development of Ukraine’s Gas Production Industry by 2020, which was approved by the government in September 2016, predicts that natural gas production should increase to 27 billion cubic metres within four years, compared to the current 20 billion cubic metres. Are these plans feasible? Continue reading Ukraine’s Gas Industry Risks Stagnation Without Investment→
Ukraine is known as Europe’s breadbasket and has close to a third of all the arable land area in the whole EU: some 34 million hectares. 70 per cent of that land is highly fertile black soil with a depth of up to six metres deep.
Unlike the Western European market, which has diversified supply routes and developed an infrastructure, South Eastern Europe lacks interconnection with a bi-directional flow and access to the LNG market. National markets are relatively small and transmission networks are not harmonised, from a technical and legal point of view. The entire region also depends on one source of gas — Russia. Realising the set goals under such conditions is a complex and time consuming process.Continue reading Croatian Gas Market Facing Challenges after some Liberalisation→
Despite the uneasy relations between Europe and Moscow, Gazprom’s gas supplies to European consumers set a new record in 2016. Still, Russian gas imports to the EU is a heavily politicised issue that is often attacked from the viewpoint of the security of supply or the environment. While the Nord Stream 1 project was completed with EU backing, and mainly because of the gas crisis which left several EU countries in the cold during 2009, the pipeline’s expansion has left European powers divided.Continue reading Europe at Odds over OPAL and Nord Stream 2→
In November 2016, the Romanian Ministry of Economy posted a preliminary draft of the energy sector 2016-2030 for public consultation, with a year 2050 perspective. It tackles all energy resources such as crude oil, natural gas, coal, biomass and energetic waste, and includes special sections for electricity.This is, therefore, the occasion for a review of the Romanian power sector and its evolution over the past 25 years.Continue reading After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad→
On 3 December 2014, Russian President Vladimir Putin announced officially that South Stream, which aimed to bring some 63 billion cubic meters (bcm) of gas per year across the Black Sea to Bulgaria, on through South-East Europe to Italy, was dead.
Insecurity in gas delivery from the East as well as the EU’s lowering carbon emission quotas have made Poland look to diversifying its energy sources. Hence, the multiple investments that the country has made and still plans to make to diversify energy sources and thus increase the country’s security.