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Ukraine energy report

Ukraine energy report
Update
Format
4 files (PDF report, 3 Excel files)
Pages
45 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

This analysis includes a comprehensive Ukraine energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • About 50% of the energy infrastructure has been destroyed since the beginning of the Russian war.
  • By 2035, the country aims for renewables and nuclear to each represent 50% of the power mix.
  • Energoatom is the largest power generator with over 55% of power generation in 2021.
  • Naftogaz is the main oil and gas producer with over 65% of the production.
  • Power generation dropped by 28% in 2022.
  • Oil refineries have been entirely destroyed and the country is now fully dependent on imported petroleum products.
  • The excise tax on gasoline and diesel, which had been removed following the invasion, might be restored to boost the state budget.
  • Electricity consumption dropped by 32% in 2022 due to energy infrastructure damages.
  • Over 50% of the coal consumption is used in the power sector.
  • The total amount required for reconstruction of the energy sector is close to US$50bn.
  • All projects are delayed by the war, such as plans to build 7.1 GW of renewable capacity and 750 MW of energy storage.
7.1 GW
new RES development plan unveiled in 2023
3rd
gas storage capacity worldwide with 31 bcm (2022)
-32%
electricity consumption drop in 2022 due to the Russian invasion
  • Institutions & Energy Policy

    The Ministry of Energy supervises the energy sector through several departments (oil and gas, electricity, coal, nuclear power).

    The Ministry of Environmental Protection and Natural Resources oversees climate change policy and provides licences for oil and gas field development, among other tasks.

  • Energy Companies

    Gas:

    The gas sector is dominated by state-owned company Naftogaz, which was reorganised into public joint-stock companies in 2012.

  • Energy Supply

    Gas:

    Gas production has been decreasing since 2018 (-2.9%/year over 2019-2021 and -7.7% in 2022) to 16.8 bcm in 2022. In 2023, gas production rebounded by 7 to 8%. The main gas production regions are the Poltava and Kharkiv regions (90% of total production).

  • Energy Prices

    Oil:

    In 2023, gasoline prices decreased by 2% to US$1.35/l, while diesel prices fell by 9% to US$1.36/l. From 2020 to 2022, gasoline and diesel prices had soared by 53% and 69%, respectively, owing to an increase in international oil prices. Previously, prices of gasoline and diesel in 2020 declined by 20%.

  • Energy Consumption

    Ukraine's total energy consumption per capita fell from 4.9 toe in 1990 to 2.9 toe in 2010 and 2.1 toe in 2021. It even dropped by 19% in 2022 to 1.7 toe, which is 55% lower than the average for the EU.

  • Issues & Prospects

    The country will have to rebuild the infrastructure destroyed by the war and is accelerating its projects of higher integration with EU countries. The cost of reconstruction and recovery is expected to stretch over 10 years and combines the need for both public and private funds.

  • GRAPH 1: CO2-Energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for households (US$c/kWh)
  • GRAPH 7: Gas prices for industry and households (US$c/kWh)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Electricity consumption (TWh)
  • GRAPH 12: Electricity consumption breakdown by sector (2022,%)
  • GRAPH 13: Oil consumption (Mt)
  • GRAPH 14: Oil consumption breakdown by sector (2022, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Natural gas consumption breakdown by sector (2022,%)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Ukraine energy market data since 1990 and up to is included in the Excel file accompanying the Ukraine country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Ukraine Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ukraine energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Ukraine country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.