Business news from Ukraine

DTEK PLANS TO IMPORT ELECTRICITY FROM EUROPE

DTEK intends to begin importing electricity from Europe within the Burshtyn Energy Island in July 2019, according to the Facebook page of D.TRADING.
“Our company also plans to start importing electricity as early as July with the further active development of this direction of business in the coming months,” Dmytro Maliar, the director for the D.TRADING energy portfolio management, said.
According to him, imports in the new market will allow increasing the level of competition.
Earlier, on July 1, ERU Trading LLC announced the implementation of test imports of electricity from Slovakia and Hungary within the Burshtyn Energy Island.
D.TRADING conducts wholesale trade in electricity, natural gas and coal in the domestic and foreign energy markets.

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UKRAINE FOR FIRST TIME ENTERS RANKING OF WORKING DRILLING RIGS IN EUROPE, TAKING LEADING POSITION

For the first time, Ukraine has been included in the world rating pf operating oil and gas drilling rigs by Baker Hughes GE Rig Coun, in which it took the leading position in Europe in terms of the number of machines involved in drilling.
According to the press service of the Association of Gas Producers of Ukraine, which initiated including Ukraine in this rating, in May 186 drilling rigs operated in Europe (44 offshore platforms), almost half of which (84) worked in Ukraine.
Turkey (20 working machines) and the United Kingdom (16) follow Ukraine in the ranking, the association said.
“Over the past three years, Ukraine has carried out important reforms in domestic gas production, which consisted in improving the regulatory field and modernizing the relevant legislation. These changes are already noticed not only by Ukrainian but also by foreign investors – our country is becoming more attractive for them. Including Ukraine in the BHGE Rig Count index is extremely important because it demonstrates revival in the domestic market and serves as a good indicator for the leading gas producing and service companies to come to Ukraine,” executive director of the association Roman Opimakh said.

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U.S. ENERGY SECRETARY PERRY – UKRAINE CAN BECOME TEXAS OF EUROPE

Ukraine has large resource potential and can become European Texas, U.S. Energy Secretary has said. Perry made the remarks during a meeting with representatives of the American Chamber of Commerce in Ukraine and the U.S.-Ukraine Business Council.
“Ukraine is unique in the sense of where it finds itself in the world at this particular point in time. Not only can they be a major supplier from the standpoint of bringing LNG in through Poland in particular, and then supplying Europe from there. But the potential for exploration and production in Ukraine – this is quite a statement from me, but Ukraine would be the Texas of Europe. The formations that are here — the potential for the development of those is, I think it’s staggering. I remind people that a decade ago, they told us that we had found all the fuel — the fossil fuels — in the world. They called it peak oil, remember? The guy traveled the country giving a speech about peak oil. And those resources were always there. But innovation and technology allowed us to be able to access them. And today the United States is the number-one oil and gas producing country in the world. And that’s a stunning turnaround,” said Perry, who was Texas Governor from 2000 to 2015.
The U.S. Energy Secretary added that many U.S. companies are interested in cooperation with Ukraine.

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SKYUP WILL LAUNCH FLIGHTS TO EUROPE AND GEORGIA FROM DECEMBER

SkyUp airline will launch regular flights from Kyiv to Tbilisi (Georgia) from December 27 this year, to Sofia (Bulgaria) from December 28, to Poprad (Slovakia) and Barcelona (Spain) from December 29.
“The first good news from SkyUp,” Infrastructure Minister Volodymyr Omelyan said on Facebook.
Tickets for flights to Tbilisi, Poprad and Barcelona in the booking system on the airline’s website are available until the end of March 2019, and to Sofia only until mid-January.
Flights to Tbilisi will be performed on Thursdays and Sundays (the minimum cost is from UAH 1,508), to the Tatras on Sundays and partially Thursdays (from UAH 954), to Barcelona on Wednesdays and Saturdays (from UAH 1,508), and to Sofia on Fridays (from UAH 1,329).
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine LLC belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator.
The company began charter flights from the end of May 2018.

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SKYUP PERMITTED TO FLY TO EUROPE

SkyUp airline has received a Third Country Operator (TCO) License, allowing to fly to 28 countries of the European Union (EU), as well as Switzerland, Norway, Iceland and Lichtenstein.
“We are pleased to announce that SkyUp has passed the TCO procedure, having received permission to fly to European countries! Now the sky of Europe is open for us,” the airline said on its official Facebook page.
The TCO license is a single document for compliance with safety standards that allows flights to EU countries. It is issued centrally by the European Aviation Safety Agency (EASA).
The airline announced its readiness to announce new routes to Europe.
As reported, SkyUp airline plans to expand its own fleet by two new medium-haul Boeing 737-700s by the end of 2018, as well as to get one wide-body Airbus A330 into wet leasing.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine LLC belonged to Tatiana Alba and Yuriy Alba, who also own JoinUp! tour operator.
The company began charter flights from the end of May 2018.

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UKRAINE CUTS CRUDE OIL TRANSIT TO EUROPE BY 4.5% IN 2018

Transit shipments of crude oil by pipelines through the territory of Ukraine to European countries in January-August 2018 decreased by 4.5%, or 409,500 tonnes, compared to the same period in 2017, to 8.692 million tonnes, PJSC Ukrtransnafta has said. The volume of oil pumping to the country’s oil refineries in January-August 2018 increased by 5.5%, 71,900 tonnes, 1.386 million tonnes, according to estimates of Interfax-Ukraine. Thus, the share of transit shipments in the total volume of oil transportation (10.077 million tonnes) in the eight months of 2018 was 86.2%, the share of pumping to the country’s oil refineries was 13.8%.
In August 2018, transit shipments of crude oil by pipelines through Ukraine decreased by 10.4% (125,000 tonnes) from August 2017, 1.08 million tonnes, pumping to the country’s refineries fell by 0.6% (1,100 tonnes), to 184,700 tonnes.
As reported, transit of oil through Ukraine to European countries in 2017 increased by 0.8% (by 114,900 tonnes) compared to the same period in 2016, to 13.937 million tonnes. The volume of oil transportation to the refineries of Ukraine in 2017 amounted to 2.097 million tonnes, which is 1.5-fold (690,600 tonnes) more than last year.
The growth of supplies inside the country is connected with the resumption of work of the Odesa-Kremenchuk section from March 10, 2017, which supplies Azeri Light oil to PJSC Ukrtatnafta. As reported, Ukrtransnafta, 100% managed by NJSC Naftogaz Ukrainy, is the operator of the country’s oil transportation system.
Ukrtransnafta’s trunk oil pipeline system, which includes pipes from 159 mm to 1,220 mm in diameters, stretches 4,767 kilometers and through 19 Ukrainian regions. It has annual capacity to accept 114 million tonnes for shipment and to supply 56.3 million tonnes to Europe.

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