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E.U. starts building Trans Adriatic Pipeline bypassing Russia

The route will connect Greece and Italy through the Adriatic Sea and Balkans The E.U. has started constructing Trans Adriatic Gas Pipeline (TAP). This is reported by the European Commission spokesperson Margaritis Schinas...

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Naftogaz discloses price of gas imports from Europe

The price of natural gas Ukraine imported from the European Union in the first quarter (Q1) of 2016 was $198 per 1,000 cubic meters on the average, which was lower by 34% year-over-year,...

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The US and the EU support energy reforms in Ukraine

The USA, the EU and Canada will work closely with Ukraine towards its gradual integration into the European energy market. The Unites States of America and the European Union expressed support for energy...

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Saudi Arabian Fight for Oil Market Intensifies

Saudi Arabia’s economic battle over the oil market with Iran, Russia and others is intensifying even as it attempts to reduce its dependence on oil, Benoit Faucon, Selina Williams and Summer Said report...

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Venezuela state employees to work two-day week to save energy

Venezuela's socialist government ordered public workers on Tuesday to work a two-day week as an energy-saving measure in the crisis-hit South American OPEC country. President Nicolas Maduro had already given most of Venezuela's...

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World Bank raises 2016 oil price forecast

Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets...

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Cabinet to increase gas tariffs for households to 100% of market price

On Wednesday, Volodymyr Groysman’s government may fulfill one of the most important requirements of the IMF – to raise gas tariffs for the population to 100% of the import parity, according to Europeiska...

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Ukraine suspends gas imports from Poland – Ukrtransgaz

Ukraine will suspend for two months the import of natural gas from Poland to perform schedule maintenance works, according to the head of PR department at Ukrtransgaz, Maksym Beliavskiy. «The maintenance works are...

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Energy Ministry submits project of Naftogaz restructuring to EU

The Ministry of Energy and Coal Industry of Ukraine in the framework of the restructuring and de-monopolization of the national gas market has submitted to the Secretariat of the European Energy Community a...

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Ukraine ready to hold gas talks with the EU, Russia «any time convenient for Brussels»

Ukraine informed the European Commission on its readiness to hold negotiations on gas issues in a trilateral format, according to a representative of the country’s Energy Ministry. Ukraine informed the European Commission on...