NJSC Naftogaz Ukrainy in July will cut the price of natural gas for the needs of households by 8% compared with the price in June, to UAH 5,803 per 1,000 cubic meters (VAT and transportation and distribution costs not included), Chairman of Naftogaz Executive Board Andriy Kobolev has written on his Facebook page.
“Gas on the international market is becoming cheaper again. Thanks to this, Naftogaz reduces gas prices for industrial consumers by almost 8% in June. According to the government’s decision, the price of Naftogaz for commercial consumers forms the price of gas for households that is valid next month,” he wrote.
As reported, Cabinet of Ministers resolution No. 867 dated October 19, 2018 extended the period of validity of public service obligations (PSO) for Naftogaz to sell natural gas for the needs of the households, producers of heat energy and religious organizations until May 1, 2020.
The situation on the European market since spring 2019 has led to a decrease in the market price of gas below the government-set regulatory level for households.
The government made amendments, according to which, under PSO, the prices of gas for households and heat suppliers is calculated as the average price of gas supplied by Naftogaz to industrial consumers that was in effect in the month preceding the month of delivery.
Ukraine in January-April 2019 decreased electricity exports by 2.7% (by 59.3 million kWh) compared to the same period in 2018, to 2.13 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 0.01% (by 0.1 million kWh), to 1.421 billion kWh.
Electricity supplies to Poland decreased by 18.6% (by 100.8 million kWh), to 440.3 million kWh.
Electricity supplies to Moldova amounted to 268.4 million kWh, which is 18.2% (41.4 million kWh) more than in January-April 2018.
For the first four months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in January-April 2019, Ukraine imported 8.7 million kWh of electricity from the Russian Federation and Belarus compared to 11.4 million kWh in January-March 2018.
One troy ounce=31.10 grams
Ukraine from April 4 through May 25, 2019 increased natural gas stocks in its underground storage facilities by 25.7% or 2.25 billion cubic meters (bcm), to 10.996 bcm, according to recent update from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, the figure is 19% more than stocks on May 25, 2018 and 13.8% more than on May 25, 2017.
On May 25, 2019, 77.14 million cubic meters (mcm) of gas was pumped into the underground storage facilities and 52.3 mcm of gas was imported with domestic production of 57.7 mcm.
Earlier Naftogaz CEO Andriy Kobolev said that national joint-stock company Naftogaz Ukrainy is mulling a possibility of pumping an additional volume of gas to the underground gas storage facilities of Ukraine if Russia’s Gazprom stops gas transit across the country after 2019. Ukraine plans to have around 20 bcm of gas in stocksat the beginning of the next heating season.
During the heating season started on November 7, 2018 and lasted until April 4, 2019 some 8.45 bcm of gas was pumped from the underground gas storage facilities. The stocks fell from 17.195 bcm to 8.745 bcm.
Ukrtransgaz, a wholly owned subsidiary of Naftogaz Ukrainy, operates Ukraine’s gas transmission system and 12 underground gas storage facilities with 31 bcm of capacity.
The European Bank for Reconstruction and Development (EBRD) could organize a syndicated loan of EUR 80 million for state-owned Ukreximbank (Kyiv) to support renewable energy and energy efficiency private investments in Ukraine.
According to a posting on the bank’s website, EBRD will provide EUR 40 million from own account.
The provision of the loan is pending the approval of the EBRD Board on June 19, 2019.
Ukreximbank, a wholly owned state bank, was established in 1992. It ranked third among 77 banks in Ukraine in terms of total assets worth UAH 232.064 billion as of January 1, 2019, according to the National Bank of Ukraine (NBU).
