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company PGNiG has acquired shares in 25 mining licenses on Norway’s continental shelf. Poland aims “to become a "gas hub for this part of Europe,” Polish President Andrzej Duda said yesterday in Warsaw. Noting onshore pipeline links with Ukraine, he said: “It is very important that Poland becomes one of the guarantors of Ukraine's energy security, which, as we know, has been under Russia's gas and energy blackmail for many years.”
Household gas prices in May will be half the levels of January, ​reports Naftogaz. Benefitting from regional prices falling to 10-years lows, consumers will pay in May $87/1,000 cubic meters -- 21% less than in April.
Belarus plans to build new pipeline to deliver oil from Ukraine and Baltics.​ President Lukashenko signed an order to build a pipeline from Gomel to Horki by 2023. The goal is diversify oil supplies away from Russia. Two state companies Belorusnet and Gomeltransneft Druzhba are to design and build the pipeline by 2023. In March, Ukraine’s Ukrtransnafta transported Azeri oil to Belarus via the Odesa-Brody oil pipeline and then by a branch of the Druzhba pipeline.
With the world awash in oil, Azerbaijan’s Socar would like to store oil in Ukraine for one year,​ or as long as it takes for prices to revive, says Nikolay Gavrilenko, head of Naftogaz’s oil division. To do this, Ukraine’s Finance Ministry has to create a duty free customs warehouse regime, similar to the one used by gas traders in western Ukraine. Gavrilenko calculates that 2.7mn barrels could be stored in an unused pipeline that runs east from Poltava’s Kremenchuk refinery to Lysychans'k, Luhansk. In addition, 1.2mn barrels could be stored at Ukrtransnafta’s tank farm at Pivdennii, Ukraine’s deepest and busiest Black Sea port.
58​ UKRAINE Country Report​ June 2020 ​ ​www.intellinews.com