China’s exporters rush shipments as fragile U.S. tariff truce lifts June outlook, poll suggests
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. re...
Ukraine may need to import up to 6.3 billion cubic metres of gas for the 2025/26 winter season, as war-related damage to key infrastructure has pushed gas reserves to a record low. Former gas transit chief Serhiy Makogon warns that urgent funding and months of high-capacity imports will be required
Ukraine may need to import up to 6.3 billion cubic metres (bcm) of natural gas for the 2025/26 winter season, as its reserves have dropped to a historic low due to war-related damage to energy infrastructure, according to Serhiy Makogon, the former head of the country’s gas transit operator.
Posting on Telegram, Makogon explained that Ukraine was forced to accelerate gas withdrawals from storage and boost imports during the winter and spring after Russian missile strikes hit production facilities in the east.
Citing data from Gas Infrastructure Europe (GIE), he noted that as of April 16—marking the end of the heating season—gas storage levels had fallen to just 0.7 bcm, or 2.22% of total capacity, the lowest on record.
Makogon estimated Ukraine needs to accumulate at least 12.8 bcm of gas before next winter, including 4.6 bcm of buffer gas required to maintain operational pressure in the system. Based on domestic production, he calculated that imports of at least 5.5 bcm, and ideally 6.3 bcm, would be necessary.
In contrast, state energy firm Naftogaz has estimated the need at a lower 4.6 bcm. Even at that level, Makogon warned, the cost could reach up to $3 billion—while current funding can only cover about 0.4 bcm.
He emphasized that the government and Naftogaz must secure substantial financial support to close the gap. With existing infrastructure, Ukraine can inject up to 1.5 bcm of gas per month into storage, meaning a full four months of imports at maximum capacity will be needed to meet the target.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment