Business news from Ukraine

Business news from Ukraine

RUSSIAN GAZPROM’S APPLICATION FOR TRANSIT THROUGH UKRAINE IS 41.2 MILLION CUBIC METERS. M

The application for the transit of Russian gas through the territory of Ukraine remains at the level of the previous days and months.

Europe has been without Nord Stream gas for the second day.

The energy deficit was aggravated by a two-fold drop in electricity production due to wind.

TRANSIT THROUGH UKRAINE

“Operator GTS Ukrainy” accepted from “Gazprom” an application for gas transit for Tuesday in the amount of 41.2 million cubic meters. m, evidenced by OGTSU data. The indicator on Monday was 41.1 million cubic meters. m. Powers are declared only at one of the two points of entry into the Ukrainian GTS – the Suzha gas measuring station. The application was not accepted for the corridor through the Sokhranovka GIS.

OGTSU announced a force majeure for the acceptance of gas for transit through the GIS station “Sochranovka”, referring to the fact that it cannot carry out operational and technological control over the compressor station “Novopskov”.

Kyiv offered to transfer transit volumes from “Sochranovka” to GIS “Suja”, but “Gazprom” stated that this was technologically impossible.

At the same time, Ukraine insists that payment should still be made on the basis of the estimated volume of transportation of the long-term contract of 109 million cubic meters. m per day according to the “download or pay” rule. “Naftogaz” claims that it is now not receiving payment for transit and is preparing to apply to arbitration.

EUROPEAN MARKET

At the beginning of the new week, the production of electricity due to wind in Europe fell to 7.6% of the energy balance in the EU, while the average indicator for the past week was 15%, according to data from the WindEurope association.

Europe continues to pump gas into underground storage facilities. At the moment, the reserves are about 62.08%, according to data from the Gas Infrastructure Europe association. The increase over the last day was 0.46 percentage points. The current level of reserves in the UGC of Europe lags behind the five-year average by 1.24 percentage points. Since this year, the EU has introduced strict regulation of the use of underground storage facilities. By the beginning of the selection season in 2022, the reserves should be at least 80% of the capacity of the UHP, and 90% thereafter.

European terminals for receiving LNG in July are operating at an average capacity of 63% of their capacity, which is equal to the June indicator. For now, the region remains a premium market for LNG, as prices in Asia are slightly lower than European hubs.

Spot prices for gas in Europe against the background of the Nord Stream repair shutdown are at the level of $1,690 per thousand cubic meters. In Asia, prices are noticeably lower – the August futures on the JKM Platts index (Japan Korea Marker – reflects the spot market value of cargo delivered to Japan, South Korea, China and Taiwan) is trading at $1,390.

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AMBASSADORS OF “BIG SEVEN” COUNTRIES REMINDED OF CRITICAL IMPORTANCE OF APPOINTING HEAD OF SAP IN UKRAINE

Ambassadors of the “Big Seven” (G7) countries recalled the critical importance of the timely appointment of the head of the Special Anti-Corruption Prosecutor’s Office (SAP) in Ukraine.
“As we discussed with Deputy Prime Minister Olga Stefanyshina on July 7, the G7 ambassadors reiterate that the timely appointment of the head of the SAP is critically important for strengthening the anti-corruption institutions of Ukraine,” the message on Twitter states.
As reported, the European Commission recommended granting Ukraine the status of a candidate for EU membership “with the understanding that seven steps will be taken.” One of these steps was called “completion of the appointment of the new head of the SAP by certifying the identified winner of the competition” and the launch and completion of the process of selection and appointment of the new director of the National Anti-Corruption Bureau of Ukraine (NABU).
The competition commission for the election of the head of the SAP from 2021 cannot approve the results of the competition, according to which NABU detective Alexander Klymenko received 246 points for the position of head of the SAP, and prosecutor of the Prosecutor General’s Office Andrey Sinyuk – 229 points.
The updated memorandum of economic and financial policy of Ukraine with the International Monetary Fund provided for the election of a new head of the SAP by December 2021.

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NATIONAL FOOTBALL CHAMPIONSHIP WILL START IN UKRAINE ON AUGUST 23

The Ukrainian Football Championship will start on August 23, the Minister of Youth and Sports Vadym Gutzait reports.
“The Ministry of Youth Sports, together with the Ukrainian Football Association, the Ministry of Defense, the Ministry of Internal Affairs, the Ministry of Economy, the National Police, the State Security Service, the regional and Kyiv city military administrations will develop the Procedure for organizing and holding competitions under martial law,” the press service of the Ministry of Sports said in a statement with reference to Gutzeit.
It is noted that the matches will be held on the territory of Ukraine, without spectators, with the permission of the local military administrations and with mandatory observance of all safety rules.
“Stadiums must have a place for shelter equipped to all standards. During air strikes, matches will be stopped – football players, coaches and the entire staff must quickly take shelter. The presence of representatives of local military administrations, medical brigades and the State Emergency Service is mandatory,” the message says .

USERS WERE WARNED ABOUT NEW DANGEROUS NEWSLETTER ON THUMANITARIAN SITUATION IN UKRAINE

The Government Emergency Response Team of Ukraine CERT-UA, operating under Gosspetssvyaz, reported the distribution of dangerous e-mails with the subject “Unified Official Report on the Humanitarian Situation. Ukraine”.

“The letters come from compromised e-mail addresses of state structures of Ukraine and contain attachments entitled “Humanitarian catastrophe of Ukraine since February 24, 2022″ in the form of an XLS document,” the press service of Gosspetssvyaz reported on Monday.

“The document contains a macro, the activation of which will lead to the launch of the file “baseupd.exe”, its execution will lead to the defeat of the computer by the malicious program Cobalt Strike Beacon”, – warned experts.

Activity is tracked by identifier UAC-0056. Gosspetssvyaz noted that these attackers had already carried out a cyberattack last week.

UKRENERGO EARNS OVER UAH 200 MLN FROM SALE OF CROSS-SECTIONS FOR ELECTRICITY EXPORTS TO ROMANIA, SLOVAKIA

Proceeds from sales of NPC Ukrenergo’s available interstate transmission capacity for electricity exports to Romania and Slovakia amounted to UAH 200.3 million since the opening on June 30.
These data are based on the results of the latest auctions in the Romanian and Slovak directions, held on July 10 with delivery on July 12. According to them, the section price to Slovakia was UAH 10.3 million and to Romania – UAH 10.2 million.
Traditionally, the most active participants in these auctions are DTEK Zakhidenergo, ERU Trading, and Le-Trading Ukraine.
At the same time, Energoatom began to participate in auctions for the export of electricity to Slovakia from the moment they started on July 5 for supplies on July 7 (two days before delivery). For the first time, the company bought almost 500 MWh of the possible 1200 MWh for export at the auction on July 9 with delivery on July 11. The plans for July 12 are to export 131 MWh.
At the same time, Ukrhydroenergo, which for the first time bought out a section to Slovakia for export of 148 MWh on July 9, and then for export of 110 MWh on July 10, ended the last two auctions with delivery on July 11 and 12 to no avail.
Auctions with delivery on July 10 became an anti-record at the cross-section price: for Slovakia, it fell on this day to UAH 11/MWh with delivery at 12-16:00, and the highest was UAH 2,390 /MWh at 23:00. For Romania, the lowest price was UAH 100/MWh at 13-14:00, the highest was a little over UAH 2,200/MWh with delivery at 21:00-23:00. For comparison: according to the results of all auctions, the price for Romania was the lowest on July 3 – UAH 1,380/MWh.
It is noteworthy that Ukrhydroenergo reserved most of its daily resource at the lowest prices in both directions.
In general, in both directions, the price of a section on July 10 amounted to a little more than UAH 2 million.
As of July 11, this figure was already ten times more – UAH 20.5 million.
The section from Slovakia and Romania for July 10-12, as before, was not reserved.
The section to Poland continues to be purchased at daily auctions in addition to the 147 MW capacity purchased at the monthly auction by DTEK Zakhidenergo – at 65 MW every hour (1,560 MWh per day) on July 10-12.
The daily cross-section to Moldova on July 10-12, according to the traditional scenario, was divided by Energoatom, which bought out a cross-section for export of 9,400 MWh per day, and Ukrhydroenergo – 2,400 MWh per day.
The section price at all auctions, except for exports to Romania, is UAH 0/MWh.

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USA TO PROVIDE $368 MLN ADDITIONAL HUMANITARIAN AID TO UKRAINE – BLINKEN

The United States will provide almost $368 million in additional humanitarian aid to Ukraine to support people inside Ukraine and refugees forced to leave their country, U.S. Secretary of State Antony Blinken has said.
“Our commitment to the people of Ukraine is resolute. The United States is providing nearly $368 million in additional humanitarian aid to support people inside Ukraine and refugees forced to flee their country to seek safety in the midst of Russia’s brutal war,” he wrote on Twitter on Saturday.

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