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KPMG survey: Share of renewables in energy mix will hit 20% by 2040

KIEV, Jan. 14 – The share of renewable energy sources in Ukraine's energy balance will exceed 20% by 2040, according to most Ukrainian experts interviewed by KPMG's audit team as part of preparing a survey of the country's energy market.


As Russian supplies plummet, delivery of crude to refineries down 47%

KIEV, Jan. 14 - Deliveries of crude oil to Ukrainian oil refineries and Shebelynka gas processing plant dropped by 47% to 4.907 million tons in 2012, the Energy and Coal Industry Ministry reported, blaming a lack of Russian oil supplies from March to October.


Ukraine to issue UAH8 billion of 5yr 14.3% bonds to prop up Naftogaz

KIEV, Jan. 14 – The Cabinet of Ministers has decided to increase the charter capital of Naftogaz Ukrayiny by UAH 8 billion through issuing sovereign bonds.

This is stipulated in the government's instruction No. 12 dated January 9.

The capitalization of the company envisages the issuing of sovereign bonds and payment for the company's new shares using them.


Official expected to keep job despite $1 billion LNG terminal fiasco

KIEV, Jan. 15 – Vladyslav Kaskiv, the head of the state investment agency supervising $1 billion liquefied natural gas terminal, will probably keep his job despite a recent scandal that caused a setback to the project.


Ukraine increases use of gas from underground storage facilities

KIEV, Jan. 12 - Ukraine has significantly increased its selection of gas from underground gas storage facilities since January 1, a Ukrainian government source told Interfax.

"As of January 9, 2012, Ukraine was selecting 102.8 million cubic meters of gas per day from underground gas storage facilities, and importing 33.3 million cubic meters of gas per day from Russia. For a comparison, as of December 9, 2011 (a month earlier), Ukraine was selecting 61 million cubic meters per day from underground gas storage facilities, and it was importing 95 million cubic meters from Russia.


Ukraine metals companies to reduce steel smelting by 1.1% next month

DNIPROPETROVSK, Jan. 12 – Ukrainian metal companies are planning to reduce steel smelting by 1.1% in February 2012 compared to the targets for January, to 2.79 million tons, and rolled steel production by 0.4%, to 2.5 million tons, Metallurgprom association told Interfax-Ukraine at a meeting of representatives of the mining and metal complex of the country in Dnipropetrovsk.


Metals trade group predicts no production decrease for this year

DNIPROPETROVSK, Jan. 12 – Mining and metallurgical companies are making preliminary forecasts and expect that production in 2012 will not be lower than in 2011, according to Ukrrudprom, the association of Ukrainian mining enterprises.


Lower steel prices prompt investment company to lower Ukraine outlook

KIEV, Jan. 13 – Lower steel prices and a global economic deterioration have led an investment company to adopt more conservative macro forecasts for Ukraine.

The company has also downgraded its 2012 real GDP forecast to 2.2% year-over-year from the 4.0% expected before.


Dairy trade group disputes Russian claims against Ukrainian cheese

KIEV, Jan. 13 – The claims of the head of Rospotrebnadzor (the Federal Service on Customers' Rights Protection and Human Well-Being Surveillance) and Russia's chief sanitary officer Gennady Onishchenko about Ukrainian cheese supplied to Russia are not backed by proof, according to Vadym Chaharovsky, chairman of the Union of Dairy Companies of Ukraine.


Holders of Interpipe eurobonds agree to reduce covenant obligations

KIEV, Jan. 15 - Holders of eurobonds for Ukraine's Interpipe have agreed to reduce covenant obligations while keeping the issue's coupon rate at 8.75%, the company told Interfax correcting earlier information indicating a rate increase.


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