Contents tagged with Gazprom
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Kyiv: Ukraine not ready to resume direct gas deliveries from Russia
Dmytro Kuleba, Ukraine’s Vice Prime Minister for European and Euro-Atlantic Integration, believes that Ukraine is not ready to accept direct gas deliveries from Russia, and intends to do this only as part of the European energy market and its rules
“I think that we are not yet ready to return to direct deliveries. But that’s not even the point. My goal as Vice Prime Minister of Eurointegration is to ensure that Ukraine’s gas market functions exclusively on the basis of the standards of the …
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Ukraine signs contract for gas transit from Russia to Europe
Ukrainian President Volodymyr Zelensky said that a contract was signed for the transit of Russian gas to Europe from Russia through the territory of Ukraine for five years.
"This is the end of the year, but not the end of our achievements. Ukraine has signed a gas transit contract for five years, during which we will receive at least over $7 billion. The parties can extend the contract for another ten years," wrote Zelensky on his Facebook page.
"The Ukrainian gas transit system will be given …
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Kremlin: payment of $2.9 billion to Ukraine was a difficult decision
Russian Deputy Prime Minister Dmitry Kozak said on Vesti Nedeli program on Russia-1 TV channel that Gazprom's $2.9 billion payment to Naftogaz of Ukraine was a difficult decision for the Russian side.
"There was a choice between bad and worse. But all of us together, we can lose much more, unprecedented amounts," said Kozak as quoted by TASS.
In mid-December, Gazprom and Naftogaz agreed on the terms and volumes of Russian gas transit to Europe. The parties also agreed to give up mutual claims. …
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Moscow: Gazprom's $3 billion payment to Ukraine’s Naftogaz is ‘a drop in the ocean’
Russian Deputy Prime Minister Dmitry Kozak, who oversees the fuel and energy sectors, said in an interview with Russia-24 TV channel, that the Russian government considers that almost $3 billion, which the Russian gas giant Gazprom agreed to pay to Ukrainian company Naftogaz accorfing to the ruling of the Stockholm Chamber of Commerce, is "a drop in the ocean."
"Neither Ukraine nor we can assume how much anyone has benefited [from the new transit agreement]. The $2.9 billion that we will pay …
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Gazprom to pay Ukraine’s Naftogaz $2.9 billion by end of 2019
Russian Gazprom and Naftogaz of Ukraine will sign an agreement to settle all reciprocal claims relating to their current contracts in accordance with the gas cooperation protocol, Gazprom CEO Alexey Miller told the press on Saturday, December 21. “The settlement agreement envisages the waiver of new claims, the withdrawal of arbitration and court claims for which there are no final decisions, and payment in accordance with the final decision of the Stockholm Arbitration Institute,” the Interfax …
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Russia agrees to pay $3 billion compensation to Ukraine's Naftogaz
Ukrainian President’s Aide Andriy Yermak said that after the gas transit talks in Minsk, the Russian side agreed to pay Ukraine $3 billion of compensation according to the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce, reports Hromadske.
"We are returning home with excellent news, and we will have a transit contract on favorable terms for Ukraine. Thanks to these arrangements, Ukraine will receive $3 billion according to the ruling of the Stockholm arbitration court," …
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Nord Stream 2 contractor suspends work on pipeline as US sanctions take effect
Swiss pipeline installation and subsea construction company Allseas, which is working on Nord Stream 2 gas pipeline, suspended the construction activities, reported the press service of the company.
Allseas indicated that such a decision was made "in anticipation of the enactment of the National Defense Authorization Act (NDAA)," which includes sanctions against the operators of the Nord Stream 2 gas pipeline. "Allseas will proceed, consistent with the legislation's wind down provision and …
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US sanctions against Nord Stream 2 pipeline come into effect
US President Donald Trump has signed a package of sanctions, which were previously approved by Congress and the Senate, against companies involved in the construction of the Nord Stream 2 gas pipeline. The bill came into effect. The punitive measures are included in the new US National Defense Authorization Act for 2020, which Trump signed on December 21.
The bill provides for restrictions against foreign companies providing vessels for the construction of Nord Stream 2 and TurkStream …
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Russia and Ukraine reach agreement on gas transit
After hours of talks between representatives of Russia and Ukraine in Berlin on December 19, Vice President of the European Commission Maroš Šefčovič said that after months of negotiations Russia and Ukraine reached an agreement in principle on gas transit. Germany and the European Union mediated the negotiations.
According to Šefčovič, the agreements that were reached at the meeting will be additionally discussed in Moscow and Kyiv on December 20. He called the outcome of the talks in Berlin …
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US Senate approves sanctions against Nord Stream 2
The US Senate has approved the National Defense Authorization Act (NDAA) for the 2020 financial year, which obligates the White House to impose sanctions on the Russian gas pipelines Nord Stream 2 and Turkish Stream.
On December 11, the House of Representatives voted in favor of the NDAA, and now the 3,500-page document is on President Donald Trump’s desk, awaiting his signature.
Certain points of the document, which raises the US’s annual military expenditure by 3.1% to $738 billion, impose “ …