Business news from Ukraine

Business news from Ukraine

Ukraine Connected 1.9 GW of New Power Capacity in Nine Months

In the first nine months of 2026, Ukraine connected 1.9 GW of new power capacity, which represents more than 80% of the annual target, according to Viktor Mykyta, deputy head of the Office of the President of Ukraine.

“As of now, we have reached 1.9 GW of connected capacity. This is more than 80% of the annual target,” Mykyta wrote on his Telegram channel following a meeting with the heads of regional military administrations.

According to him, the meeting focused primarily on local efforts to increase connected capacity and strengthen the regions’ energy resilience. Communities are working to develop a decentralized power generation system with the participation of businesses and investors.

Specifically, during the period in question, more than 620 MW of wind power capacity, more than 520 MW of cogeneration capacity, as well as more than 460 MW of solar power capacity and more than 270 MW of solar power capacity from private households were connected to the grid.

“People continue to install off-grid power systems for their homes, and this trend remains strong. We thank the heads of regional state administrations, communities, businesses, and others for their work in each individual region, which is so important for the country,” the Deputy Head of the Presidential Office stated on Friday.

, , , ,

Serbia and Azerbaijan’s SOCAR Are Establishing Joint Venture to Build Power Plant

According to Serbian Economist, the Serbian government has approved a shareholders’ agreement between the state-owned companies Elektroprivreda Srbije (EPS), Srbijagas, and Azerbaijan’s SOCAR.
The new joint venture will be responsible for financing, constructing, and operating a gas-fired power plant in Niš.
The government’s decision on this matter was published in the official gazette, “Službeni Glasnik.”
The plant’s planned capacity is up to 500 MW. The facility will use combined heat and power (CHP) technology.
This approach allows for more efficient use of natural gas, as the heat generated during electricity production is also used for heating or other utility needs.
The project will mark a continuation of energy cooperation between Serbia and Azerbaijan. SOCAR is Azerbaijan’s state-owned oil and gas company and participates in international projects involving the extraction, transportation, and supply of energy resources.
The establishment of the joint venture paves the way for further preparation of the investment project; however, construction has not yet begun, and the final cost of the power plant has not been announced.

https://t.me/relocationrs/3902

 

, , , ,

Ukraine Sold Domestically Produced Gas for Export on Exchange for First Time

On October 15, 2026, the Ukrainian Energy Exchange (UEEX) held its first exchange auction for the sale of domestically produced natural gas for export, the exchange reported on its website.

“Ukrainian gas producers offered four lots totaling 135,706 MWh of natural gas, with delivery dates (gas days) ranging from October 26 to December 31, 2026,” the statement said.
As a result of the auction, 100% of the offered volume of natural gas was sold at a weighted average price of 69.01 EUR/MWh, excluding VAT.

Under the established mechanism, from March 1 to November 30, gas producers may sell up to 15% of the natural gas volume they delivered at entry points to Ukraine’s gas transmission system during the previous month for export purposes on a monthly basis.
Only non-resident companies may act as buyers at these specialized trading sessions.

As previously reported, in order to preserve domestic gas production and prevent its decline due to excess reserves, the Cabinet of Ministers of Ukraine adopted a decision on the temporary, controlled export of Ukrainian gas during the period from March 1 to November 30.
Under the decision, private gas production companies were granted the right to export up to 15% of their own monthly production. Proceeds from exports will be used to protect gas production enterprises from Russian attacks and to strengthen Ukraine’s defense capabilities.

As explained by the Ministry of Energy of Ukraine, given the current gas balance projections for 2026–2027, the implementation of this decision will not affect the ability to meet domestic market demand during the fall and winter months.
Currently, Ukraine’s underground storage facilities hold nearly 15.8 billion cubic meters of gas, which is 2.6 billion cubic meters above the minimum level and 1.2 billion cubic meters above the target forecast for natural gas.

Exports will take place from March 1 to November 30 of each calendar year. Natural gas exports will not take place from December 1 through February 28.
The decision also provides for mechanisms to promptly suspend exports in the event of a threat of a natural gas shortage or a crisis situation in the domestic market.

, , , ,

“Gas Networks” connected 140 distributed gas-fired generation facilities in 2026

In 2026, Gas Distribution Networks of Ukraine LLC connected 140 distributed generation facilities, with plans to connect another 86 by the end of the year, according to Lyudmila Kinder, the company’s chairwoman.

“Distributed gas generation is currently one of the areas where demand for grid connection is growing particularly rapidly. This year, 140 such facilities have already been completed, and another 86 are scheduled for completion. Each project involves an assessment of the grid’s capacity, design, construction, connection, and gas commissioning,” she wrote on Facebook on Tuesday.

Kinder also noted that connecting businesses to the grid should be a “straightforward process,” which is what “Gazmereti” is currently working on.

“If a company has several facilities in different regions, it should not have to coordinate separately with each branch every time. We need to see the entire project portfolio and agree in advance on technical requirements, the workflow, and the order of implementation,” Kinder said, outlining her vision for building effective cooperation with businesses.

As previously reported, according to First Deputy Prime Minister for Energy Denys Shmyhal, Ukraine already has 1.8 GW of distributed gas-fired generation in operation.

, , , ,

In 2026, Ukrnafta will allocate 2.9 bln hryvnias for protection and security of its facilities

In 2026, Russia significantly intensified its attacks on Ukrnafta’s facilities. Production infrastructure and the network of gas stations are under attack.

The company is responding to this in a systematic manner and, despite everything, continues to grow. Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta,” spoke about this on the sidelines of the Newfolk Conference.

“This year, we are allocating approximately 2.9 billion UAH to defense and security: we are relocating some facilities underground, constructing protective structures, building up equipment reserves, and strengthening our autonomy and alternative power supply schemes,” noted Bohdan Kukura. “We are continuing drilling operations. In 2026, we plan to drill and commission 15 new wells. Another area of focus is our cooperation with Ukrgazvydobuvannya: this year, we have jointly completed three new wells.”

At the same time, we are scaling up technologies that improve the reliability of our well fleet. Over the past eight months, 63 electric centrifugal pump units have been installed in wells, bringing the active fleet to 226 units. The interval between well maintenance for wells equipped with modern electric centrifugal pumps has increased from 214 days in 2024 to 410 days in 2026, and for new systems, it reaches 786 days.

The company is developing remote monitoring and control of wells. As of September, 420 wells were connected to such systems. This allows for real-time monitoring of operating parameters, faster response times, and prompt adjustments to operating modes.

The main objective is to maintain operational control, modernize production, and continue the company’s development.JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates approximately 650 gas stations.

The company is implementing a comprehensive program to restore operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of “Ukrnafta” is NJSC “Naftogaz of Ukraine,” with a stake of 50% plus one share.In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the portion of the company’s corporate rights that belonged to private owners; this portion is now managed by the Ministry of Defense.

, , , ,

Electricity exports from Ukraine rose by 20% over week—to 176,400 MWh

Both directions of cross-border electricity trade increased during the period of October 5–11: imports rose by 6% compared to the previous week—to 13,100 MWh—while exports rose by 20%—to 176,400 MWh.

“Despite localized restrictions, Ukraine remained a net exporter throughout the week,” the DIXI Group analytical center reported on Tuesday, citing data from Energy Map.
As previously reported, since October 6, due to Russian attacks on energy infrastructure, power restriction schedules (PRS) for industry and businesses and hourly blackout schedules (HBS) for the general public have been in effect in some regions of Ukraine.

However, even amid localized restrictions, Ukraine remained a net exporter throughout the past week due to a power surplus in other regions. This situation was caused by the inability to transmit power to certain regions and cities because the enemy had damaged transmission grids, substations, and distribution lines—particularly near major cities.

According to Energy Map, Hungary accounted for the largest share of exports that week—84,900 MWh, or 48.1%. Moldova accounted for 56,600 MWh (32.1%), Romania for 33,100 MWh (18.7%), and Poland for 1,800 MWh (1.0%).
Exports to Hungary, Romania, and Moldova increased by 15%–26%, and exports to Poland increased eightfold, though the volumes remained insignificant. No electricity was sold to Slovakia. The average daily export volume for the week was 25.2 thousand MWh.

Hungary remained the main source of imports, accounting for 8.7 thousand MWh (66.6%). Romania accounted for 3.6 thousand MWh (27.6%), Poland for 0.7 thousand MWh (5.5%), and Moldova for 0.05 thousand MWh (0.4%).
Imports from Romania and Moldova increased by 70% and 124%, respectively, while those from Hungary and Poland decreased by 3% and 39%. There were no deliveries from Slovakia for five consecutive weeks. The average daily import volume was 1.9 thousand MWh.

As previously reported, the week before last, from September 28 to October 4, electricity exports rose by 75.6% compared to the previous week—to 147.0 thousand MWh, marking the highest weekly export volume since September 2025.

, , , ,