Contents tagged with Gazprom

  • Russian media: Ukraine’s gas transit system indispensable for Gazprom

    Even in 2020, Gazprom will still need the Ukrainian gas transit system for transit to Europe, since the EU’s ground infrastructure will not yet be ready to receive the gas from Nord Stream 2. By the end of 2019, when the contract for transit through Ukraine expires, Gazprom will be able to pump at most 34 billion of the projected 55 billion cubic meters per annum. A new gas transit contract with Ukraine will thus be unavoidable, Russian news outlet Kommersant writes.

    Construction of the Eugal …

  • Russia's Gazprom starts dismantling Turkish Stream pipeline

    Gazprom has abandoned the hope of turning the Turkish Stream project into a gas pipeline for mass exportation to Europe.

    As Interfax reported on Monday, the Russian gas company is preparing to begin dismantling the Southern Gas Corridor pipelines which were initially constructed for the South Stream and were later transferred to the Turkish Stream.

    According to the plan, the Turkish Stream was supposed to supply Turkey and the EU with 63 billion cubic meters of gas per year. However, a …

  • Attempt on Skripal threatens Gazprom’s business in the UK

    The attempt on the life of former Russian spy Sergei Skripal in the British town of Salisbury threatens Gazprom’s business in the UK, the Russian edition of DW writes.

    The publication notes that Britain is Russia’s fourth largest gas export market. Moscow has considered the country one of the most promising and important for the Nord Stream 2 pipeline project.

    British Prime Minister Theresa May, speaking on March 14 in Parliament in response to the poisoning of Skripal and his daughter, also …

  • Siemens to supply turbines to Russia for construction of power plant in Chechnya

    Gazprom will acquire two Siemens gas turbines for the thermal power plant (TPP) in Grozny, RBC news agency reports with reference to Gazprom’s statement. According to RBC, on March 16, the meeting between the head of Gazprom Alexey Miller and Siemens CEO Joe Kaeser was held in St. Petersburg, where the heads of the companies discussed father cooperation. "The parties, in particular, focused their discussion on the supply of equipment for the Grozny TPP. According to the signed contract, …

  • Russia's Gazprom raises gas pressure to contract level at the entrance of Ukraine’s gas transportation system

    Russian Gazprom has raised the pressure at the entrance of Ukraine’s gas transportation system (GTS) to the contractual level for the first time this year. This was reported by Interfax Ukraine referring to the press-service of PJSC Ukrtransgaz.

    "Maybe today is some big holiday? Today, Gazprom has raised pressure in the transit gas pipelines at the entrance of the GTS of Ukraine to the minimum contract level: 60 kgf/cm2 for the first time since December 12, 2017,” the press-service noted.

    As …

  • Ukraine's Naftogaz and Russia's Gazprom agree to meet

    Naftogaz of Ukraine announced that an agreement has been reached with the Russian company Gazprom to hold a meeting by the end of March.

    Writing on its Facebook account, Naftogaz said that it intends to inform Gazprom that it does not agree that the contracts should be cancelled.

    “In addition, we informed Gazprom that the tariff must be changed. At the meeting, of course, the implementation of arbitration decisions will be discussed,” said the chief commercial director of the Naftogaz Yuriy …

  • Gazprom: termination of contracts with Ukraine may take up to two years

    Russia’s Gazprom intends to appeal the decision of the Stockholm Arbitration Court regarding the transit contract with Naftogaz Ukraine before the end of the month, as well as initiate procedures for the termination of contracts "in accordance with the established procedure," said by Gazprom’s  CEO, Alexei Miller, at a meeting with Russian Prime Minister Dmitry Medvedev.

    "According to the decision of the Stockholm Arbitration Court, Gazprom must pay Naftogaz of Ukraine 2.56 billion dollars. …

  • Ukraine's Naftogaz to seek arrest of Russian gas in Europe as part of Gazprom’s debt collection

    Naftogaz of Ukraine will not remove gas from transit to Europe as part of Gazprom's debt collection, but intends to seek the seizure of this gas once it reaches European markets, as posted by the Chief Commercial Officer of Naftogaz of Ukraine, Yuriy Vitrenko on Facebook.

    "Experts" who get money from Gazprom, twist my words and report that we will impose penalties on gas belonging to Gazprom, in case Gazprom comply with the Stockholm Arbitration's decision and will not pay $2.5 billion. Let me …

  • Mogherini urges Russia's Gazprom to comply with Stockholm Arbitration court demands

    The European Commission has called on Gazprom to meet the demands of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC), and to start supplying Ukraine with gas directly. A statement to this effect was made by High Representative of the EU Federica Mogherini following a meeting with Ukrainian President Petro Poroshenko and Prime Minister Volodymyr Groysman.

    “Gazprom must meet its contractual obligations. The European Commission, including in the person of its commissioner Šefč …

  • Ukraine begins the inventory and seizure of Gazprom’s Ukrainian assets

    The Cabinet of Ministers of Ukraine is stepping up its activity to recover the fine from Russia's Gazprom, the press service of the government reported.

    According to the report, the executive proceeding in this case is being conducted by the Department of the State Executive Service of the Ministry of Justice of Ukraine on the basis of the court's decision to recover from Gazprom 171,931,854,000 hryvnia ($6.5 billion) into the general fund of the state budget of Ukraine.

    The government said …