Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review 26.02.2024

February 19 – 25

Summary

The tactics of shelling energy infrastructure is changing, the enemy’s attacks are aimed primarily at frontline generation facilities and substations of industrial areas – the Minister of Energy Herman Halushchenko.
As of February 26, 364 settlements are disconnected from electricity supply due to hostilities and technological disruptions.
The 330 kV high-voltage power line was disconnected due to hostilities. Consequently, the only source of electricity for Zaporizhzhia NPP was a single 750 kV line. IAEA experts reported hearing powerful explosions around and at the ZNPP site.
Electricity exports increased by 29% to 21.2 GWh, while imports dropped by 29% to 8 GWh. On February 22, joint auctions for the cross-border capacity allocation between Ukraine and Hungary on the JAO platform were launched, allowing for commercial electricity exchanges between the countries for the first time in two years.
Gas Transmission System Operator of Ukraine (GTSOU) and Ukrtransgaz are preparing to conduct stress test to confirm the sufficient capacity and reliability of the gas infrastructure in conditions of shelling and termination of transit of Russian gas.
Naftogaz and GTSOU concluded a number of arrangements with Japanese companies. Sumitomo Corporation will help in conducting feasibility studies for modernization of heating supply systems in Ukraine and in deploying mobile gas turbines. This company, together with Kawasaki Heavy Industries, will also help to modernize gas compressor stations.
The average retail price of LPG increased by 1.12 UAH/l to 27.87 UAH/l due to blockade of the Ukraine-Poland border.
The Verkhovna Rada adopted the law on corporate management of state-owned enterprises, empowering supervisory boards to approve strategic, financial and investment plans of companies, appoint and dismiss management. The law additionally strengthens the accountability of supervisory boards, and regulates the issue of dividend payments.
The Ministry of Environmental Protection and Natural Resources has begun work on developing a methodology for calculating greenhouse gas emissions from military operations.
On February 22, the two-year term of office of Kostiantyn Ushchapovskyi, the head of the NEURC, expired. The new chairman will be elected by anonymous voting.
The Urgent Technology Catalogue for the Ukrainian Power Sector has been developed within the framework of the Ukraine-Danmark Energy Partnership. This Catalogue is a list of 20 technological solutions that can be rapidly implemented to support distributed generation and enhance the security of electricity supply.
Ukraine has received the first tranche of aid from the United Arab Emirates, which consists of 7 shipments totaling approximately 100 tons.
Ukraine has signed several security agreements containing elements related to support of the energy sector, namely with Germany, Denmark, Italy and Canada.