The Ukrainian state-controlled natural gas company Naftogaz has its work set out for it as the Soviet vestige seeks to cut reliance on Russia’s Gazprom. “Ukraine has one of the most important transit pipelines for Russian gas exports to the rest of Europe. Fifteen percent of the EU’s imported gas flows through Ukraine. At the same time,… Keep reading →
Naftogaz
Energy News Roundup: Ukraine Works to Distance Gazprom, Apache CEO Retires and Solar Plane’s Trans-world Flight Path
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We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Russia Says Show me the Money, The Great Lego Hypocrisy & Daimler Sells Tesla Stake
By Jared AndersonNatural gas supply negotiations between Russia’s Gazprom and Ukraine’s Nagtogaz appear to be inching closer to a deal. In fact, the two sides have agreed on a price of $385 per thousand cubic meters, but payment details now appear to be a sticking point. “If the Ukrainians have the money, then the documents will be signed. If not,… Keep reading →
Energy News Roundup: IEA Pins World Energy Needs at $48 Trillion, In Favor of CCS and Russia Takes IOU
By Jared AndersonGlobal energy investment requirements through 2035 amount to $2.5 trillion annually, with $40 trillion devoted to maintaining current supply levels and developing incremental sources to meet anticipated demand. An additional $8 trillion is needed for energy efficiency measures, according the to the OECD’s energy watchdog. [International New York Times] The EPA’s newly-released plan to cut… Keep reading →
Energy Quote of the Day: Putin Says Russia Could ‘Completely or Partially Cease Gas Deliveries’
By Jared AndersonThe apparent strong-arm tactic may actually indicate Russian weakness. In a letter to leadership in European countries receiving Russian gas that first transits Ukraine, Russian President Vladimir Putin warned that unless immediate steps are taken to ensure Ukrainian national gas company Naftogaz pays in advance for supply, Gazprom could close the valves. The letter states:… Keep reading →