Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review 17.06.2024

Losses to Ukraine’s energy sector as a result of Russia’s full–scale invasion reached $56.5 bn, recovery needs amount to $50.5 bn – KSE Institute.
As of June 17, 471 settlements remained offline due to hostilities and technological disruptions. The total duration of electricity supply restrictions amounted to 44 hours, i.e. 26% hours of the week.
The government allocated an additional UAH 2.5 bn to restore the power system of Kharkiv and Kharkiv region.
Ukrnafta paid about UAH 8 bn in dividends to the state shareholders (the Ministry of Defense and Naftogaz), Ukrtransnafta – UAH 5.287 bn to its shareholder (Naftogaz).
The Zaporizhzhia NPP must operate safely and securely under full sovereign control of Ukraine and in line with IAEA principles and under its supervision – Joint Communiqué on a Peace Framework.
At the Ukraine Recovery Conference 2024, 12 important cooperation agreements were signed with financial institutions and energy companies. Also, the draft National Energy and Climate Plan of Ukraine was presented.
Ukraine has a clear plan to build up to 1 GW of capacity in gas generation this year – so the President Volodymyr Zelenskyi.
Ukraine and Norway signed a Memorandum of Energy Partnership.
G7+ partners announced over $1 bn additional assistance to the energy sector of Ukraine, incl. $500 m in new financing from the United States.