Contents tagged with Gazprom
-
Russia's Gazprom begins termination of contracts with Ukraine's Naftogaz
Gazprom was unable to reach an agreement with Naftogaz on gas transit through Ukraine and sent a request to the Stockholm Arbitration for termination of the existing gas transit and supply contracts.
“Gazprom was ready to negotiate with Naftogaz of Ukraine on gas transit after 2019. However, Ukraine must justify the economic feasibility of transit through its territory,” said Gazprom's Deputy Chairman of the Board of Directors Alexey Miller.
On February 28, the Stockholm Arbitration Court …
-
Denmark to permit Nord Stream 2 construction under guarantee of gas transit through Ukraine
Denmark has decided to give permission for the construction of the Nord Stream 2 gas pipeline, but only if Russia guarantees to continue gas transit to Europe through Ukraine, Deutsche Welle reports.
"In this regard, the Ukrainian matter is crucial," Danish Prime Minister Lars Lokke Rasmussen said on Thursday, April 12, in Berlin after a meeting with German Chancellor Angela Merkel.
Rasmussen noted that the Danish government had not yet given its consent to the construction of a gas pipeline …
-
Media: Russia's Gazprom and Ukraine's Naftogaz negotiate new contract
The newspaper Vedomosti has reported that Gazprom and Naftogaz Ukraine are discussing terms for a new gas transit contract through Ukraine to Europe. The newspaper cited two sources close to parties involved in the talks.
According to the publication’s sources, the talks are about concluding a new contract in 2020. The question of the continuation of gas transit after 2019, said one of them, was raised at a meeting of representatives from both companies a few weeks ago.
"The contacts …
-
Ukraine's Naftogaz starts debt recovery from Russia's Gazprom
According to the Chief Commercial Officer of Naftogaz, Yuriy Vitrenko , Naftogaz of Ukraine has begun debt collection procedures aimed at recovering the funds which Gazprom has to pay to Naftogaz according to the decision the Stockholm Arbitration court.
The day before the announcement, Vitrenko met with the EU Commissioner for Competition, Margrethe Vestager. He told her that Gazprom refuses to comply with the decisions of the arbitration court and, in particular, refuses to compensate …
-
Russia's Gazprom claims it doesn’t plan to stop gas transit through Ukraine
Alexey Miller, CEO of Gazprom, said that the company has never raised the issue of stopping gas transit through Ukraine, RIA Novosti reported.
According to him, Russia’s resource base is currently shifting “north”, so the central gas-transport corridor “won’t have the same level of resources.” Miller emphasized that the gas transit through Ukraine can remain at a rate of 10-15 billion m3 of gas per year, but Kyiv must justify “the economic feasibility of a new transit contract.”
German …
-
Fortune of Russian oligarch Deripska shrinks by $2.5 billion after US puts him on sanctions list
On Friday, April 6, the U.S. Department of the Treasury imposed new sanctions against Russian businessmen, officials and managers of state companies. They involve the freezing of assets of those included in the sanctions list and also prohibiting American citizens and companies to engage in any economic activity with the blacklisted individuals. According to the U.S. Department of the Treasury, the sanctions were introduced in response to Moscow’s attempts at undermining western democracies. …
-
Gazprom: Transit through Ukraine will decrease by a factor of 10 after the launch of Nord Stream 2
After the Nord Stream 2 and Turkstream gas pipelines have been launched, Russian gas transit through Ukraine will drop tenfold, said the Chairman of Gazprom's Board, Alexey Miller, Interfax reports. However, Miller claimed that the gas transit through the territory of Ukraine will not stop completely.
"As there are neighboring states, there are regions that are on the border with Ukraine on the part of Europe and, without a doubt, the deliveries to these regions of Europe will be carried out …
-
Ukraine increases gas transit volumes
In March, the volume of natural gas transported through the territory of Ukraine amounted to 8.1 billion cubic meters, an increase of 21.3% from the same period in 2017, Ukraine’s national gas and oil company Ukrtransgaz reported.
Ukrtransgaz also reported that despite Russia’s systematic failure to ensure contract pressures in gas pipelines at the entrance to Ukraine’s gas transport system, the company fulfilled requests for gas transportation on time and in full. The average daily transit …
-
Russia's Gazprom prepares $4.7 billion for payment to Ukraine
The Russian gas monopoly Gazprom, contrary to published reports concerning the sum decided upon by two arbitrations with Ukrainian Naftogaz in the amount of $2.56 billion, put aside in its accounts a reserve for the full amount of the fine on the transit contract with Ukrainian side.
This was reported by Interfax news agency, citing the company’s statements. The document stated that the balance for fines and penalties for violation of the terms of contracts is recognized as 272.943 billion …
-
Ukraine accuses Russia's Gazprom of failure to pay the fine according to Stockholm arbitration ruling
The sum that Gazprom is obligated to repay Naftogaz of Ukraine, according to the decision of the Stockholm Arbitration Court, is increasing by half a million dollars daily due to the accrual of fines. The money will be collected in the near future, Minister of Justice of Ukraine Pavlo Petrenko told journalists on Thursday.
The Stockholm Arbitration Court ruled on the disputes between Gazprom and Naftogaz regarding contracts for the supply and transit of gas in December and February, …