Ukraine, Russia and EU Reach Gas Supply Deal

The terms include the EU acting as guarantor for Ukraine's gas purchases from Russia and helping to meet outstanding debts. The total package is worth $4.6bn (£2.87bn), with money coming from the International Monetary Fund as well as the EU. The total includes funds from existing accords with the EU and IMF. Ukraine will pay $378 per 1,000 cubic metres to the end of 2014, and $365 in the first quarter of 2015. Read more>>>

BBC News

EBRD arranges financing package of EUR 14 million to improve district heating in Lutsk

The proceeds will be used to improve energy efficiency, reduce energy losses, gas and electricity consumption and improve district heating services for almost 150,000 residents in Lutsk in almost 55,000 households. The loan will finance the installation of 210 individual heating sub-stations and a bio-fuel boiler with a net capacity of approximately 2.5MW. It will also help decommission 11 inefficient basement boilers; replace 19 obsolete small boilers with modern high efficiency gas boilers; modernise 15 boiler houses; and replace almost 13 kilometres of distribution network pipes with pre-insulated pipes. Read more >>>
EBRD

Ukrainian Prime Minister discussed energy security with U.S. Senator

Ukrainian Prime Minister Arseniy Yatseniuk on Tuesday held a meeting with U.S. Senator James Inhofe. During the conversation he said that Ukraine would continue to make efforts to diversify energy supply sources to reduce its dependence on Russia. Read more >>>
Interfax-Ukraine

6th Annual International Ukrainian Energy Forum

2 - 5 March 2015, InterContinental Hotel, Kyiv, Ukraine. Diversifying supplies and increasing domestic production to achieve energy security are among main topics of upcoming Forum..
Other key issues that will surely be debated at length include electricity sector new market model, development of the oil & gas service industry, renewables and unconventional hydrocarbons. Read more >>>
http://www.ukrainianenergy.com/

European leaders agree to cut greenhouse gas emissions by 40% by 2030

As well as the greenhouse gas, two 27% targets were agreed – for renewable energy market share and increase in energy efficiency improvement. The former would be binding only on the EU as a whole. The latter would be optional, although it could be raised to 30% by a review in 2020. Read more >>>
.theguardian

Ukraine's gas consumption will be cut by 24.5% this winter - Naftogaz

Ukraine's national oil and gas company, Naftogaz Ukrainy, forecasts a reduction in natural gas consumption by 8.6 billion cubic meters to 26.7 billion cubic meters during the current 2014-2015 heating season, down 24.5% from the previous one. This figure includes 10 billion cubic meters produced domestically, 5.7 billion cubic meters of reversed natural gas, and a significant amount will be pumped from the underground storage facilities which contain 16.7 billion cubic meters of natural gas. Read more >>>
Interfax-Ukraine

EBRD’s Ukraine Sustainable Energy Lending Facility supports carbon offsetting

EBRD supports  carbon offsetting through its Ukraine Sustainable Energy Lending Facility (USELF). It is a credit programme worth €140 million, available for small and medium-sized renewable energy projects ranging from hydro, wind, biomass and biogas to solar energy ventures. Read more >>>
By EBRD

Ukraine fears frozen conflict could yield winter energy crisis

Imports of Russian natural gas have been cut off since June amid a price and debt dispute that has run alongside their military confrontation in eastern Ukraine. That has already prompted cold showers as the government has resorted to rationing domestically produced gas by cutting centrally provided hot water to flats. Read more >>>
By http://www.ft.com/

Ukraine Facing Overall Energy Crisis as Internal Conflict Affects Both Gas, Coal: Expert

Ukraine is not only facing a gas crisis this coming winter, but also a possible overall energy crisis due to disruptions in coal mining and transportation facilities Read more >>>
By http://en.ria.ru/

Ukrainian Government Approves Ambitious New Wind Energy Goals

The Ukrainian government has issued a state decree calling for the country's wind capacity to reach 2.28GW by 2020, an increase of 500% on current figure of 410MW. Read more >>> 
By http://www.windpowermonthly.com/

US Involved in Discussions About Ukraine's Gas Needs: US State Department

The United States is involved in the ongoing discussion about the Ukrainian gas needs, and wants to see the issue resolved, US Department of State Spokeswoman Jen Psaki stated at a press briefing Tuesday.US Secretary of Energy Ernest Moniz stated that it is impossible to reach significant proportions of natural gas exports until the end of the current decade. He also stressed that there was no quick fix of the problem when answering the question whether the dependency of Ukraine on Russia’s gas could be decreased with America’s assistance.  Read more >>> 
By http://en.ria.ru/