Business news from Ukraine

Business news from Ukraine

Slovak Prime Minister announces intention to halt electricity supplies to Ukraine if oil pipeline does not resume operation

Slovak Prime Minister Robert Fico has announced his intention to stop emergency electricity supplies to Ukraine if Ukraine does not resume oil supplies on Monday, February 23, which were interrupted after an accident on the Druzhba oil pipeline near the Ukrainian city of Brody in the Lviv region in January.

“If the Ukrainian president does not resume oil supplies to Slovakia on Monday, then on the same day I will ask the relevant Slovak companies to stop emergency electricity supplies to Ukraine,” Fico wrote on Twitter.

He also accused Ukrainian President Volodymyr Zelensky of allegedly “refusing to understand our peacemaking approach” and therefore, according to Fico, “behaving maliciously towards Slovakia,” which he believes treats Slovakia “as an enemy country.”

“First, he stopped gas supplies to Slovakia, causing us losses of €500 million a year. Now he has stopped oil supplies, causing us further losses and logistical difficulties. If the West does not object to the Nord Stream gas pipeline being blown up, Slovakia cannot view Slovak-Ukrainian relations as a one-way ticket that is only beneficial to Ukraine,” the Slovak prime minister wrote.

Fico added that he is a “proud and sovereign Slovak” and intends to ask the state-owned joint-stock company SEPS to stop emergency electricity supplies to Ukraine. “In January 2026 alone, these emergency supplies, necessary to stabilize the Ukrainian power grid, were twice as much as in the whole of 2025,” he said.

The head of the Slovak government also stressed that Slovakia has been helping Ukraine since the beginning of the war. “About 180,000 Ukrainians are currently on our territory, we are providing humanitarian aid and organizing joint government meetings. We are doing much more for Ukraine than some other countries,” Fico wrote.

As reported, on February 18, the export of diesel fuel from Hungary to Ukraine was suspended until the resumption of Russian crude oil transit through the Druzhba pipeline, said Hungarian State Secretary for Public Diplomacy and Public Relations Zoltán Kovács. In his opinion, Ukraine “unilaterally stopped supplies on January 27 for purely political reasons, although technically their resumption is possible.” Statements about the suspension of diesel exports to Ukraine also came from the Slovak side.

Earlier, Hungary and Slovakia asked Croatia to allow Russian oil to be supplied to Hungary and Slovakia via the Adria pipeline. Meanwhile, Slovakia has declared a state of emergency in the oil industry due to the lack of oil supplies.

Croatian Economy Minister Ante Šušnjar, in turn, said that the Adria pipeline is ready for operation, but that there are no technical justifications for any EU country to remain tied to Russian crude oil. “A barrel bought from Russia may seem cheaper for some countries, but it helps finance the war and attacks on the Ukrainian people,” he said.

The transport of Russian crude oil through Ukraine via the Druzhba pipeline has been halted since the end of last month due to large-scale Russian attacks on Ukrainian energy infrastructure.

, , ,

Carlsberg Ukraine brewery has installed its own 3 MW generators to operate during power outages

Carlsberg Ukraine’s Kyiv plant has installed 1.5 MW diesel generator and cogeneration units (DGU, CGU) to ensure a stable power supply and plans to install a 500 kW solar power plant and a 5 MW power storage facility with a capacity of 10 MWh by the end of the year, according to Roman Sapiga, head of the plant’s automation and electrical engineering group.

“Our enterprise must operate without interruption, so the uninterrupted operation of our power generation facilities is extremely important to us. We chose a 1.5 MW diesel generator and a 1.5 MW gas generator… They work together in an ‘island’ mode and are connected to each other,” he said at the EnergoTech-2026 conference, which took place recently in Kyiv.

Sapiga noted that generation is controlled by a special program, which is constantly being improved.

“Sitting at our workstations, we can see almost all elements of the generation system and can start them up. It is necessary to manage them correctly. Every time we encountered a problem, a new automatic solution appeared,” shared the representative of Carlsberg Ukraine.

According to him, the company also imports electricity, and the management program allows it to track consumption so as not to exceed the limits at which the consumer is not disconnected according to hourly schedules (for this, it must import 60% of its consumption – EP).

“There is a program that tracks the price of electricity for the next day and decides whether to start the CHP and at what time, comparing the market price of electricity with the cost of its production from gas. It worked very well in the summer and early autumn, but with mass blackouts, it doesn’t work,” Sapiga noted.

The Carlsberg Ukraine plant in Kyiv plans to diversify its electricity sources by 2026.

“We are planning a 500 kW solar power plant. We want an energy storage facility (ESF) with a capacity of 5 MW and 10 MWh. We are a large producer. 3 MW of CHP and DG do not even cover half of our consumption,” Sapiga said in a comment to ENERGOREFORM.

As he noted, they plan to look for an investor with whom they can conclude direct contracts for electricity before building the solar power plant.

In addition, Sapiga emphasized that the main reason for developing their own energy supply is not the price of electricity, but the instability of the grid, since under such conditions the plant cannot operate normally.

He named some of the main challenges for 2025 as almost 60 hours of operation on its own generation in the event of a complete grid shutdown, constant software changes, and a reduction in the duration of the transition of generating units to “island” mode from 1.5 hours to 15 minutes.

“My advice is to diversify generation and have a management system that takes into account all available sources, as well as choosing reliable contractors with a good track record. This is especially important for enterprises and businesses,” Sapiga concluded.

Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, and others.

According to data from Opendatabot, Carlsberg Ukraine increased its revenue by 15.5% to UAH 12.488 billion in 2024, its net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.

, , , ,

Ukraine sets new record for monthly electricity imports

Electricity imports to Ukraine in January 2026 increased by 40% compared to December 2025 and amounted to 894.5 thousand MWh, according to the DIXI Group analytical center, citing data from Energy Map.

“This is the highest monthly figure since the launch of the new electricity market in July 2019,” the center said.

There were no electricity exports in January.

For comparison: in January 2025, electricity imports amounted to 183.1 thousand MWh, while exports amounted to 84.7 thousand MWh, according to statistics from DIXI Group.

In January, Hungary accounted for the largest share of imports – 45%, or 402.0 thousand MWh. Romania accounted for 21% of the resources provided to Ukraine (185.9 thousand MWh), Slovakia – 18% (159.8 thousand MWh), Poland – 15% (135.2 thousand MWh), and Moldova – 1% (11.6 thousand MWh).

The growth in imports from European countries ranged from 18% to 62%, with the exception of Moldova, from which supplies decreased by 18%.

According to DIXI Group analysts, in January 2026, the maximum capacity of inter-state crossings for electricity imports from the European Union to the joint Ukraine-Moldova regulation block increased to 2.45 thousand MW, which is a record since Ukraine joined the ENTSO-E network. At the same time, part of this capacity is used to import electricity to Moldova, so Ukraine has access to about 2.1 thousand MW of commercial imports. At the same time, the amount of permitted import capacity for each of the countries in the block is dynamic and may change depending on the operational situation in the countries’ power systems.

On average, during January, the use of available transmission capacity was 57.3% of the accepted nominal value (2.1 GW). The maximum level of utilization was recorded on January 24 between 16:00 and 17:00, at 104%, while the minimum was recorded on January 9 during the same time interval (19.9%).

“Thus, Ukraine ended January 2026 as a net importer of electricity, which was the fourth consecutive month that the country remained in this status and reflects the critical role of imports in maintaining the stability of the power system in the face of massive attacks and high seasonal consumption,” DIXI Group emphasized.

Analysts at the center recalled that during January, Ukraine’s energy system operated under increased load, and on January 16, a state of emergency was declared in the country’s energy sector. In January, Russia used more than 6,000 strike drones, about 5,500 guided aerial bombs, and 158 missiles of various types against Ukraine’s energy system and critical infrastructure. In total, Russia carried out six massive strikes during the month, damaging power generation facilities as well as electricity transmission and distribution networks. The attacks took place against the backdrop of significantly worsening weather conditions and lower air temperatures, which further increased the load on the system.

One of the factors contributing to the increase in electricity imports was the rise in price caps in the short-term market segments.

As reported, the National Commission for State Regulation of Energy and Public Utilities (NKREKP) at an extraordinary meeting on January 16, set the maximum price limit for electricity on the day-ahead market (DAM) and intraday market (IDM) at UAH 15,000/MWh for the entire day for the period from January 18 to March 31, 2026.

The NEURC made this decision after statements by First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal regarding the government’s expectations from the regulator to review the maximum prices for electricity on the spot market and to equalize the day and night price caps in order to attract electricity imports throughout the day.

After the adoption of this decision, the BASE electricity price index for the Ukrainian DAM reached a record high of 13,232.96 UAH/MWh at the auction on January 22, which is 1.8 times higher than the average value of this indicator for the 20 days of January – 7,307.04 UAH/MWh.

According to ENTSOE data, in January 2026, Ukraine ranked first in terms of the average daily BASE price index on the DAM 14 times (January 2-4, 10-11, 16-17, 19, 21, 23-25, 27-28), compared to 26 European countries.

At the end of 2025, Ukraine ranked second among 27 European countries in terms of the BASE index on the DAM, which amounted to 5,292.62 UAH/MWh, calculated according to Central European Time (CET).

,

Ukraine set record for daily electricity imports of 42 GWh in January

The record daily volume of electricity imports to Ukraine in January was 41.987 GWh, the Ministry of Energy reported on Sunday in Telegram.

“This support was made possible by the expansion of transmission capacity: in January, the power limit for imports from the EU was set at 2,450 MW, which is an absolute record since Ukraine joined the ENTSO-E network,” the ministry said.

It is noted that this helped to maintain the system and reduce the deficit amid Russian attacks and severe frosts.

As reported by Ukrainian President Volodymyr Zelenskyy, as of January 16, electricity consumption in Ukraine was 18 GW, while the capacity to provide it was “11 GW or so.”

, ,

Ukrenergo will continue to apply electricity restrictions in all regions

On Monday, NEC Ukrenergo will restrict electricity supply in all regions of Ukraine.

“Tomorrow, January 26, hourly power cuts and power restrictions (for industrial consumers) will be applied in all regions of Ukraine,” Ukrenergo said in a statement on Telegram.

The reason for the restrictive measures is the consequences of Russian missile and drone attacks on energy facilities, the NEC notes.

The press service of NEC Ukrenergo reports that the situation in the energy system may change.

, ,

Naftogaz Group increased electricity imports from Europe this week

Naftogaz Group increased electricity imports from Europe this week based on a government decision and with the aim of stabilizing the situation in the energy system, said Sergey Koretsky, chairman of the board of Naftogaz of Ukraine.

“The volume of imported electricity already covers more than 50% of the needs of all the Group’s enterprises, as provided for by the government’s resolution,” he said in a Facebook post on Saturday.

Koretsky explained that the corresponding amount of electricity has been allocated for the needs of domestic consumers.

“We are coordinating our actions with the government in order to stabilize the situation in the energy system as quickly as possible after the Russian shelling,” the chairman of the board of Naftogaz emphasized.

As reported, amid the deteriorating situation in Ukraine’s energy system due to massive Russian shelling of energy infrastructure, the government has instructed state-owned companies to increase electricity imports.

During the “Question Time to the Government” in the Verkhovna Rada on January 16, First Deputy Prime Minister of Energy Denys Shmyhal pointed out that, on behalf of the government, Naftogaz of Ukraine, Ukrzaliznytsia, and part of the industrial complex will import at least 50% of their electricity needs.

“This will make it possible to free up 1.5 MW for people’s needs. I hope this will happen in the coming days,” Shmyhal said at the time.

, , ,