Contents tagged with Gazprom
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Kremlin vows to continue construction of Nord Stream 2 despite sanctions
The new sanctions which the U.S. is planning to impose against Nord Stream-2 will not disrupt its construction, stated Russian President’s spokesperson Dmitry Peskov, TASS reports.
According to him, Moscow has not changed its plans for this gas pipeline and Russian authorities view any sanctions “extremely negatively".
"We believe that such attempts are nothing but an act of unfair competition and are contrary to international law," he said.
The U.S. Ambassador to Germany Richard Grenell …
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U.S. preparing new sanctions against Nord Stream 2
The U.S. is preparing a new round of sanctions against the Nord Stream 2 project, Richard Grenell, the former U.S. ambassador to Germany and now acting director of U.S. national intelligence, told Handelsblatt.
Grenell said that he met last week with senators and members of the lower house of Congress, who support additional bipartisan measures.
"The tightening of sanctions is welcomed by both parties," Grenell said, adding that "the bill can be passed quickly despite the presidential …
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Russia begins work on new gas pipeline to China
Nord Stream-2 is not yet completed, but Russian gas giant Gazprom has already started designing a new gas pipeline, which will transport Russian gas to China via Mongolia. On Monday, the head of Russia's Gazprom, Alexei Miller, announced the start of work on the Power of Siberia-2 gas pipeline.
"On behalf of the Russian President, Gazprom has started design and preparatory work on the Power of Siberia-2 gas pipeline. It could become a new export channel with a capacity of up to 50 billion …
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Poland prepares a new blow to Russian gas supplies to Europe
Russian gas giant Gazprom continues to face problems in the European gas market, where demand and prices have collapsed and volume of gas in storage has reached a historic record, repots finanz.ru.
Following the failure of the Nord Stream 2 project, which came under U.S. sanctions and did not receive regulatory benefits from the German Federal Network Agency, a key operating pipeline for gas exports to the EU came under attack.
On May 17, the contract for the transit of Russian gas through …
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Russian media: German government promises to support companies engaged in Nord Stream 2
The German government intends to provide political support to businesses working on the Nord Stream 2 gas pipeline, reports the Russian newspaper Kommersant.
"The Federal Government does not know how the project will be implemented from a technical point of view but assumes that the Nord Stream 2 will be completed. The Government will continue to provide political support to the companies involved in this project," said the German Government, as quoted by the Russian news agency Prime.
The …
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Germany deals final blow to Nord Stream 2
The 10-billion-euro project Nord Stream-2, which was blocked by U.S. sanctions, received a new and apparently final blow from the German authorities, who deprived the gas pipeline of the last hope for profitability.
According to Handelsblatt, on Friday the German Federal Network Agency decided to deny Nord Stream 2 AG an exemption from the requirements of the updated EU Gas Directive.
The German energy market regulator has ruled that Nord Stream 2 must comply with European competition …
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Poland threatens to seize Gazprom assets
Polish Deputy Minister of State Assets Janusz Kowalski said in an interview with WProst that he was ready to put pressure on Gazprom to force the Russian company to comply with the Stockholm arbitration decision and change the gas price formula for Warsaw. This could include the seizure of Nord Stream 2 assets.
Kowalski cited as an example the dispute between Gazprom and Naftogaz of Ukraine, during which, according to the deputy minister, the Russian side also refused to comply with the terms …
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Poland threatens to complain to European Commission about Gazprom
Polish state oil and gas company PGNiG issued a statement accusing Russia's Gazprom of failing to comply with the ruling of Stockholm arbitration court. According to Warsaw, the Russian company continues to abuse its monopoly position in the market.
“Gazprom has not complied with the final decision of the Arbitration Institute of Stockholm in the PGNiG case. The ruling of March 30, 2020 demanded a change in the pricing formula of the Yamal contract (a gas supply contract that Russia and Poland …
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Kyiv: Ukraine is preparing to stop gas transit from Russia
Ukraine is preparing to stop gas transit from Russia and the program of optimization of the country's gas transportation system is part of this strategy, stated the head of the Ukrainian national company "Operator of the Gas Transport System of Ukraine" Serhiy Makogon in an interview with the Liga.net news outlet.
According to Makogon, Kyiv will continue to oppose the construction of the Nord Stream-2 gas pipeline and counts on assistance from the U.S. and EU countries, as the project "carries …
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Ukraine prepares $17 billion worth of new claims against Gazprom
Naftogaz is ready to put forward another $17.3 billion in claims against Gazprom after transitioning to the European standard of regulation of the gas industry, announced the company's executive director Yuriy Vitrenko on his Facebook page.
"My team has clearly formulated and submitted for approval to the supervisory board of Naftogaz additional "issues" to Gazprom for the amount of $17.3 billion. There will be a lot of work ahead of us if this is approved," he wrote.
Vitrenko also commented …