Naftogaz lost 50% of gas production due to Russian attacks, has restored over half
Source: Naftogaz Group
Details: In order to maintain uninterrupted supply of gas amid the heating season and compensate for the losses, Naftogaz urgently imported 800 million cubic metres of gas, stabilised the system and began restoring the damaged infrastructure.
"The team of Ukrgasvydobuvannya restored facilities, mobilised additional equipment, and by March recovered more than half of the gas production lost during a wave of attacks earlier this year," the statement by Naftogas reads.
Background:
As of early April, Naftogaz Group had restored half of the production volumes lost due to the Russian attacks in February.
Naftogaz has begun preparations for the next winter season with a €140 million grant from Norway and a €270 million loan from the European Bank for Reconstruction and Development.
Support Ukrainska Pravda on Patreon!
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Austria's RBI 'derecognizes' $1.41 billion claim from Rasperia for Q2
(Reuters) -Austria's Raiffeisen Bank International (RBI) on Thursday said it "derecognizes" 1.2 billion euros ($1.41 billion) in expected proceeds from enforcing claims against Rasperia Trading Limited's Austrian assets for the second quarter of 2025. In June, a Russian court had rejected RBI's bid to lift an injunction banning the sale of its local subsidiary. The ban is tied to a lawsuit brought by Russian investment firm Rasperia after a collapsed deal in which RBI was ordered last year to pay 2 billion euros in damages. RBI's board "concluded that the strict criteria under International Financial Reporting Standards for recognition of the expected proceeds from enforcement of legal recourse against Rasperia are no longer met," the Vienna-based bank said. Raiffeisen plans to recoup much of the damages imposed in Russia through legal action in Austria aimed at recovering Rasperia assets there. The bank said that derecognizing from legal claims will not affect its half-year results for 2025. RBI is due to publish its semi-annual results towards the end of July. The bank's dispute with Rasperia followed the failure of a deal that RBI hoped would have allowed it to unlock some of its frozen assets in Russia. RBI had sought to buy a stake in Vienna-based construction company Strabag, but pulled out under pressure from Washington. "Despite the changed accounting treatment, the legal assessment remains unchanged, and RBI's Management Board maintains a high degree of confidence in its legal claim against Rasperia and the enforceability thereof against Rasperia's assets in Austria," RBI said. ($1 = 0.8494 euros)
Yahoo
2 hours ago
- Yahoo
Austria's RBI 'derecognizes' $1.41 billion claim from Rasperia for Q2
(Reuters) -Austria's Raiffeisen Bank International (RBI) on Thursday said it "derecognizes" 1.2 billion euros ($1.41 billion) in expected proceeds from enforcing claims against Rasperia Trading Limited's Austrian assets for the second quarter of 2025. In June, a Russian court had rejected RBI's bid to lift an injunction banning the sale of its local subsidiary. The ban is tied to a lawsuit brought by Russian investment firm Rasperia after a collapsed deal in which RBI was ordered last year to pay 2 billion euros in damages. RBI's board "concluded that the strict criteria under International Financial Reporting Standards for recognition of the expected proceeds from enforcement of legal recourse against Rasperia are no longer met," the Vienna-based bank said. Raiffeisen plans to recoup much of the damages imposed in Russia through legal action in Austria aimed at recovering Rasperia assets there. The bank said that derecognizing from legal claims will not affect its half-year results for 2025. RBI is due to publish its semi-annual results towards the end of July. The bank's dispute with Rasperia followed the failure of a deal that RBI hoped would have allowed it to unlock some of its frozen assets in Russia. RBI had sought to buy a stake in Vienna-based construction company Strabag, but pulled out under pressure from Washington. "Despite the changed accounting treatment, the legal assessment remains unchanged, and RBI's Management Board maintains a high degree of confidence in its legal claim against Rasperia and the enforceability thereof against Rasperia's assets in Austria," RBI said. ($1 = 0.8494 euros)
New York Times
2 hours ago
- New York Times
As U.S. Retreats on Climate, China and Europe Pledge to Go Green Together
Two of the world's three big climate polluters, China and the European Union, pledged on Thursday to work together to slow down planetary heating. Together they called the Paris Agreement, the pact among nations to address global warming, 'the cornerstone of international climate cooperation.' They didn't mention the United States by name, but they didn't have to. America, the third member of the trio of top global climate polluters, has said that it will pull out of the Paris Agreement, and the Trump administration has rolled back policies and government-funded programs that were intended to spur the development of renewable energy in the United States. The joint statement opened by saying, 'in the fluid and turbulent international situation today, it is crucial that all countries, notably the major economies, maintain policy continuity and stability and step up efforts to address climate change.' China and the European Union most certainly don't agree on everything when it comes to tackling rising emissions. European officials have in the past been vocal in criticizing China's widespread use of coal: China burns more coal than any country ever has. European officials have also criticized what they call China's dumping of inexpensive electric vehicles on the global market. And China has criticized the European Union's new border tax based on greenhouse-gas emissions, which makes it costlier to sell Chinese products there, particularly steel. Beijing and Brussels also have major differences on geopolitics, including the Russian invasion of Ukraine. But China has staked out an ambitious long-term policy of dominating the sale of clean-energy technologies to the world including solar panels, wind turbines, next-generation batteries and electric vehicles. What makes the joint pledge significant is that it represents an attempt to smooth the tensions over the trade of these products, particularly the export of Chinese EVs to Europe. Want all of The Times? Subscribe.
