European Business Association’s Post

Gas savings by businesses and citizens across the EU have made an important contribution to tackling the energy crisis, spurred by Russia's invasion of Ukraine two years ago. Collectively, the EU reduced gas demand by 18% between August 2022 and December 2023, saving around 101 billion cubic metres of gas. These efforts were essential to preserve stable supplies, stabilise energy markets in the EU, and show solidarity with Ukraine. With the emergency legislation due to expire on 31 March, and the situation more stable than it has been for the past two years, the Commission is now encouraging the Member States to continue saving gas to secure supplies and stabilise markets.

Two years ago russia launched a full-scale war against Ukraine. In that time, we have faced unparalleled challenges and gained invaluable experience. No energy system in the world has endured such a relentless assault. Yet through the professionalism and unwavering courage of our energy workers, we have safeguarded infrastructure and ensuring our nation's resilience. In 2 years of unbreakable energy we remember the role energy workers played, map out a timeline of events, highlight key data and sketch out our green future … for the EU and Ukraine. Learn the timeline of Ukraine’s energy war here - https://lnkd.in/dTWBi_fc

Unfortunately I cannot agree with a positive assessment of this news. Yes, Ukraine has limited imports of gas in the beginning of 2023. However, this is remarkable demonstration of significant reduction of gas consumption by industrial consumers because of the war (-35% GDP). Ukraine does not produce significantly more gas. Gas production is rather stable and it still have not reached the level of 2020. But the total consumption is down from 28,8 bcm in 2021 to 19,8 bcm in 2023. I hope one day the industrial consumption will start to recover and obviously Ukraine will have to start importing gas again since gas production is stagnating.

What does an energy transition look like in a country at war? Over the last few weeks, I've been working on building up a picture of Ukraine's power system, how the war is impacting it and the benefits and challenges the transition poses. Read it here 👇 https://lnkd.in/eanqtceY

Due to the recent attacks, Ukraine faces its most challenging energy situation since the start of the war, said DTEK CEO Maksym Timchenko. "We have lost 80% of the available capacity. Of course, these are the most difficult times since the beginning of the full-scale invasion in terms of the country's energy supply and the scale of destruction," he said. “The main problem is the lack of sufficient air defense systems. We can restore power plants and bring additional equipment, but we don't know what will happen the next day. We won't have anything to restore soon,” he added. The situation is currently stable thanks to the warm weather and European electricity imports, but this will change in winter. Meanwhile, it has been decided to deploy a network of small and medium-sized cogeneration facilities in 32 cities of Ukraine. This is necessary to ensure a stable heat supply for more than a million residents of apartment buildings and about 1,000 social facilities, independent from electricity supply. Ukrainian businesses are encouraged to develop their electricity generation capabilities and storage systems. https://lnkd.in/dCKXDUq3

The EU is working around the clock to sustain power supply in Ukraine. Thanks to 🇦🇹🇩🇪🇸🇪🇳🇱 and #rescEU stockpiles, European Commission is mobilising a new batch of power generators to Ukraine. Russia's plan to bomb Ukraine into darkness will not succeed. #EUCivilProtection #StandWithUkraine

The EU is working around the clock to sustain power supply in Ukraine. Thanks to 🇦🇹🇩🇪🇸🇪🇳🇱 and #rescEU stockpiles, European Commission is mobilising a new batch of power generators to Ukraine. Russia's plan to bomb Ukraine into darkness will not succeed. #EUCivilProtection #StandWithUkraine

GIF INSIDE STORY: #Russia’s invasion of Ukraine placed https://bit.ly/3P3040A European #gasbuyers at the forefront the #energy dilemma – net zero goals versus affordable and stable energy supplies. New contracting possibilities are emerging for buyers but #Europe has been lagging behind #Asia when it comes to securing supplies outside the volatile #LNG spot market. READ FREE ICIS story... #ICIS #energysecurity #energycrisis #europeancommission #energypolicy #basf