Contents tagged with Gazprom
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Claim of Naftogaz and Gazprom in Stockholm exceeds $65 billion
The next court hearing is scheduled in autumn.
The total amount of the claim between the National Joint-Stock Company, Naftogaz of Ukraine, and the Public Joint Stock Company, Gazprom in the Stockholm Arbitrage Court has exceeded 65 billion dollars, as Naftogaz reports on its Facebook page.
According to the statement, the amount of Naftogaz’s claim on the contracts for the purchase, sale and transit of natural gas amounts to more than 26.6 billion dollars.
In turn, the amount of the …
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Transit of Russian gas reached record low
The head of Naftogaz, Andriy Kobolyev, has reported on the low volumes of Russian gas transit and explained that this a result of the pressure that Moscow is exerting on Kiev. He said this while on air with Channel 5.
“Transit volumes have continued to decrease and are now at a record low. This is related to the pressure that Russia exerts on Ukraine and Naftogaz. Its goals are to firstly minimize the revenue from this type of business and secondly, I think, it is part of a tactic to promote …
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Russia's Gazprom is ready to resume talks on the Turkish Stream pipeline
Russia’s Gazprom is gearing up to resume talks on the adoption of the Turkish Stream gas pipeline project. The topic will also be discussed at the meeting of Russian Minister of Energy Alexander Novak and Turkish Minister of Economy Nihat Zeybekçi, Kommersant reports.
Zeybekçi is the head of the Turkish delegation that arrived in Moscow to conduct negotiations on resuming economic relations between the two countries. Gazprom deputy chairman Alexander Medvedev reiterated on July 26th that the …
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Gazprom has provided the Donbas with $718 million in gas
The head of Gazprom, Alexey Miller, stated at a press conference in Moscow on June 30th that the Russian gas company has supplied the occupied Donbas with $718 million in gas under the contract price initially granted to Naftogaz of Ukraine, Ukrainian news portal UNIAN reports.
“As for the gas supplies to the Southeast of Ukraine, we have only one contract signed with Ukraine in 2009. The contract defines the entry point for the gas supply to Ukraine, including the entry points in the …
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Ukraine will not agree to Gazprom's prices
Naftogaz of Ukraine will not agree to buy gas from Gazprom in the third quarter of 2016 for the price offered by the Russian Energy Minister of $177 per one thousand cubic meters. On Friday, June 10, Director for Business Development at Naftogaz, Yuriy Vitrenko, wrote this on his Facebook page.
Vitrenko noted that the cost of European gas in July was below $173 per one thousand cubic meters. "All the necessary gas we will buy on the European market. Thankfully we have no problems there now," …
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Poland will not renew its contract with Gazprom
Poland has no plans to renew its long-term contract with the Russian Federation for the supply of gas, which expires in 2022. Reuters cites the Commissioner of the Government of Poland on Issues of Gas and Energy Infrastructure, Piotr Naimski.
According to Naimski, in order to reduce its dependence on Russian gas, Poland constructed the first terminal for transporting liquefied natural gas (LNG) and also plans to construct the pipeline in the North Sea.
“We will strive for a situation where a …
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Kiev will not pay Gazprom for gas supplies to separatist republics
Ukrainian company, Naftogaz, has refused to pay Gazprom for gas delivered to the separatist-controlled territories of Donetsk and Luhansk.
On the 18th of May, Naftogaz reported that the Russian gas company had demanded a payment of $670 million for gas supplied to the so-called Donetsk People's Republic (DPR) and the Luhansk People's Republic (LPR) from February 2015 to April 2016.
The report also stated that Naftogaz had not purchased gas from Gazprom since November 2015. Before that, it had …
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The Baltic States consider the possibility of creating a single gas market
Energy regulators and politicians in the Baltic States are considering the possibility of creating a single gas market to facilitate mutual trade. It is possible that after laying the gas pipeline between Estonia and Finland, the latter will also join the common market.
As the Lithuanian Member of the Commission on Prices, Vigantas Vaitkus, informed the news Agency BNS, the negotiations have just begun and they will continue for several years. The Baltic Regional Working Group was formed to …
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Belarus does not recognize debt to Gazprom
Interfax reported that the Head of the Ministry of Energy of Belarus, Vladimir Potupchik, told journalists in Mogilev before the Foreign Affairs Council meeting of the Union State that Belarus does not recognize its debt to Russia for natural gas supplied to the Republic.
“There is no debt. Belarus pays in accordance with the intergovernmental agreements. There in court we will deal with this issue,” Potupchik said.
He noted that Russia and Belarus interpret gas agreements differently. “ …
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The EU wants Ukraine to remain a gas transit country
The European Commission is ready to facilitate a new transit agreement between Russia and Ukraine
As was stated by the EU Climate and Energy Commissioner, Miguel Arias Cañete, the European Union believes that Ukraine needs to remain a gas transit corridor, RIA Novosti reports.
"Despite the economic and political challenges, Ukraine continues to be a reliable gas partner and a transit country. It is in the interest of all parties, including the Central and Eastern European countries, that …