Friday, March 18, 2016

Dynamics of Russian natural gas price change in Ukraine during last 24 years

In 1992 -2005 Russian natural gas price in Ukraine remained stable at the level of $50 per thousand cubic meters. Steep price growth began in 2006 and in three years it reached $360 - more than seven fold increase!

Monday, March 14, 2016

Could Ukraine become self-sufficient in natural gas supply?

Five Western gas enterprises still operating in Ukraine - Cub Energy, Kub Gas, Arawak Energy, Eni and Cadogan - are accounting for no more than 15 percent of total domestic production of natural gas.  According to Alistair McBain, CEO of Arawak Energy, a small independent hydrocarbon company, one of the main reasons Ukraine’s oil and gas market was unattractive is the unpredictable royalties system.

Thursday, March 3, 2016

Ukrainian Energy Forum: EU and experts demand acceleration of energy reforms

Lack of progress in the Ukraine’s energy sector reforms was the main headline at the Ukrainian Energy Forum, a three-day conference in Kyiv that started on March 1. The event drew Ukraine’s top energy representatives and international experts, along with at least 300 senior energy executives from 20 countries worldwide.
Vice President of the European Commission Maros Sefcovic during his keynote speech emphasized that Ukraine must act now to implement specific structural changes in the energy sector, what is one of the European Union’s top priorities. Among reforms, which EU expects from Ukraine:
 - the swift approval of a law on a national energy and utilities regulatory commission by Ukraine’s parliament 
 - adoption of a new electricity law to bring the country into line with its commitments to the European Energy Community 
 - developing a fair pricing system and creating a transparent public procurement system for energy companies 
- full unbundling of Naftogaz, Ukraine’s state-owned gas monopoly, what is essential for a competitive, efficient and innovative energy market operation  
Read more at http://www.kyivpost.com

Tuesday, March 1, 2016

Smart thermostat is developed by engineers from Kharkiv and supported by crowdfunding platform Seedmatch




Device called eCozy is a smart thermostat that calculates the best-fit heating regime for the radiators it is attached to and it can cut heating bills by up to 30 percent. The installation of a smart thermostat on a hot water radiator only takes 90 seconds.
The thermostats can be controlled remotely from a smartphone by an app available on Android and iOS via the eCozy Cloud. A Germany-based startup is now raising cash to launch full industrial production of its device, and almost reached a planned 200,000 euros on crowdfunding platform SeedmatchRead more at www.uadn.net