Contents tagged with Gazprom
-
Gazprom allocated 310 million Euros for Turkish Stream pipeline
The Board of Directors of Gazprom decided to provide a company called South Stream Transport B.V. with about 310 million Euros for the construction of the Turkish Stream gas pipeline, RIA Novosti reported, citing Gazprom documents.
Details of the agreement were not disclosed, but it was specified that money would be spent for purchasing pipes and equipment, paying construction activities, purchasing necessary goods and administrative spending.
Earlier, it was reported that South Stream …
-
Ukrtransgaz claims Gazprom does not provide sufficient gas pressure in pipeline at entrance of Ukraine's gas transport system
PJSC Ukrtransgaz has documented Gazprom’s contract violations with regard to pressure in the pipeline at the entrance to Ukraine’s gas transport system, Ukrtransgaz press secretary Maksym Bilyavskiy posted on Facebook.
"Gazprom continues to violate contract pressures, anyway. A sharp decline by 9% from the norm was recorded at the Russian station Sudzha. In spite of this, Ukraine fulfills transit application and provides necessary pressures at the western border,” he wrote.
NJSC Naftogaz of …
-
Polish gas company says agreement between European Commission and Gazprom has been suspended
The Polish national gas operator PGNiG said that the new agreement between the European Commission and the Russian company Gazprom on the use of the OPAL gas pipeline is suspended as of Tuesday, December 27th. This is due to the fact that the European Court in Luxembourg accepted the lawsuit, filed by PGNiG, against Brussels’ new treaty with Moscow. Thus, the new agreement will be frozen until a court in Luxembourg decides on the case.
The European Court of Justice has not yet commented on the …
-
Media: Gazprom assets were nationalized in Turkey
As reported by the the Kommersant newspaper in early December, Turkey essentially nationalized the Akfel Holding shares owned by Gazprom and Gazprombank. According to the newspaper’s sources, the gas dispute with Turkey is "already inevitable."
The largest private importer of Russian gas to Turkey, Akfel Holding, is being effectively nationalized by the authorities in accordance with the emergency decree N674, adopted after July’s attempted coup in the country, the newspaper wrote. Gazprom, …
-
Russian Energy Minister: No more Russian-Ukrainian-EU format gas talks planned until the end of the year
There will be no trilateral gas talks in the Ukraine- Russia- EU format for the supply and transit of Russian gas until the end of the year.
This was announced on Saturday by the Minister of Energy of the Russian Federation, Alexander Novak, as Interfax reports.
The resumption of Russian gas supplies to Ukraine, which stopped in the fall of 2015, now depends only on Naftogaz’s prepayment.
"If the money is paid, the supply will resume. We have no dispute over the price, they have no debt. No …
-
Ukraine accused Gazprom of preparing a gas crisis
Ukraine's Naftogaz believes that Russian Gazprom is preparing a new gas crisis in January and February 2017, as stated by the Ukrainian company's press-service.
Earlier, Ukraine imposed a fine of 172 billion hryvnia on Gazprom. In turn, Miscow said that Kyiv may collect the fine by withdrawing gas. By doing so, the risk of disrupting the gas transit to the EU through Ukrainian territory is possible, the Russian company claims.
"Naftogaz of Ukraine considers the statements of Gazprom about the …
-
Putin and Merkel discussed Ukrainian crisis and the supply of Russian gas to Europe
The President of the Russian Federation, Vladimir Putin, and the Chancellor of Germany, Angela Merkel, had a telephone conversation during which both leaders discussed the supply of Russian gas to European consumers via Ukraine, as well as the Ukrainian crisis, the Kremlin’s website reported.According to the report, Putin stated that he is concerned that Ukraine has been evading the coordination of agreements on purchases of gas from Russia during this winter season. The Russian President …
-
Negotiations between Ukraine's Naftogaz and Russia’s Gazprom on gas delivery to Ukraine fail
The agreement on the supplement contract between Naftogaz of Ukraine and Russia’s Gazprom could not be reached by the tripartite group with the participation of the representatives of the European Commission, as stated by the head of Naftogaz, Andriy Kobolev, Interfax-Ukraine reported.
"Unfortunately, the agreement could not be reached today. We hope that this can be done in future, but today we were not able to sign the supplementary agreement. Without it, the purchase of Russian gas under …
-
Ukraine may join Poland in a law suit against EU over concession of OPAL pipeline to Russia
Ukraine can file a lawsuit against the European Commission and the European energy regulator due to Gazprom’s increased access to the OPAL pipeline, LB.ua news agency reported, citing a diplomatic source.
According to the source, Kyiv cautioned Europe that in addition to inflicting financial losses on Poland and Ukraine as a result of the reduction of transit volumes of Russian gas, the European Union sets a dangerous precedent which will be exploited by Russia's Gazprom when fighting claims …
-
Kyiv estimates Russia lost $5 billion in attempts to block Ukraine’s gas imports
Russian Gazprom tried to block Ukrainian gas imports from Europe and spent billions of dollars on these unsuccessful attempts, according to Yuriy Vitrenko, the Managing Director for Business Development at the national joint-stock company Naftogaz of Ukraine.
"We buy gas from the largest European gas companies. A lot of them produce gas themselves. Many also buy gas from other producing companies, including from Gazprom, which prevented us from buying gas in Europe. According to current …