Contents tagged with Gazprom

  • Russian Gazprom ramps up gas transit through Ukraine by 25%

    The Russian company Gazprom has recently increased the volume of gas it is transporting to Europe through Ukraine by 25%, according to a Facebook post by Andriy Kobolyev, CEO of Naftogaz of Ukraine.

    “The reason for this is the renovation of the Yamal-Europe pipeline (which passes through Belarus)… annually this is the equivalent of around 110 billion cubic meters of gas per year,” he wrote.

    In a matter of days, the daily volume of gas pumped through the Ukrainian gas transport system rose by 6 …

  • EU to spend €215 million to remove Poland's dependency on Russian gas

    The EU government has decided to allocate €215 million to the construction of the Baltic Pipe, a pipeline that will transport gas from Norwegian deposits through Denmark to Poland.

    The Polish gas operator Gaz-System will receive the funds for construction of the pipeline. The company announced on Monday that it had signed the relevant agreement with the EU’s Innovation and Networks Executive Agency (INEA).

    The financing will be used to build the underwater section of the pipe that will …

  • Poland accuses Russia of inflating gas prices

    For many years, Poland has been buying gas from Gazprom for higher prices than it would have paid its European suppliers and, as a result, has suffered multibillion-dollar losses, said Peter Naimsky, the Polish government's chief representative on the development of energy infrastructure, at the 7th National Energy Summit held in Gdańsk, Radio Poland reported.

    According to the official, from 2001–2018 alone, Poland lost from 50 billion to 100 billion zlotys (at the current exchange rate from € …

  • Shell to withdraw from Gazprom’s Baltic LNG project

    The British-Dutch company Shell plans to withdraw from the Baltic liquefied natural gas (LNG) project following Gazprom’s decision to integrate it with a gas processing plant in Ust-Luga, announced Shell Russia Chairman Cederic Cremers in a statement.

    “Following Gazprom’s announcement on 29 March regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project. We have a number of other ongoing projects with Gazprom, including as part of the …

  • Ukraine's Naftogaz to pay 14 million euros to Norwegian lawyers for assistance in lawsuit against Gazprom

    Ukrainian national oil company Naftogaz has signed a contract for legal services in a lawsuit against the Russian gas giant Gazprom. Naftogaz will pay the lawyers of the Norwegian law firm Wikborg Rein Advokatfirma AS 14 million euros, according to Ukrainian Prozorro e-procurement system.

    The cost of the services includes attorneys' fees and the costs of involving witnesses in the court proceeding.

    At the end of January, in Stockholm, the initial hearing in the suit of Naftogaz against the …

  • Head of Naftogaz: Gazprom cancelling gas transit through Ukraine

    Gazprom has started the process of officially notifying the countries bordering Ukraine that the transit of gas through the territory of Ukraine will stop from the beginning of next year, Head of Naftogaz Andriy Kobolyev said in an interview with RBC Ukraine.

    “Gazprom is already officially notifying the countries that border Ukraine or are dependent on our transit that there will be no transit of gas from the beginning of 2020,” Kobolyev said without citing any sources.

    In March, the …

  • Ukrainian Foreign Minister: Russia will try to start a new 'gas war'

    Ukrainian Foreign Minister Pavlo Klimkin expressed confidence that Russia will try to start a new "gas war" after the expiration of the current agreements on gas transit through the territory of Ukraine.

     “I am sure that Russia will try to organize a new “gas war”. The chances are very high. Our partners understand this opportunity and state that we need to prepare for this by increasing the gas reserves in our gas storage facilities. Now both we and Europe are well aware of the likelihood of …

  • Serbia to start construction of the Turkish Stream pipeline through its territory

    The Serbian government made a final decision to start the construction of the gas pipeline that will pass from Bulgaria to Hungary through the territory of the country, stated Minister of Mining and Energy of Serbia Aleksandar Antić, the local Kurir newspaper reported.

    The customer for the construction of the gas pipeline is Gastrans d.o.o. Novi Sad (51% and 49% of which are owned by Gazprom and Serbiagas, respectively). The pipeline will be 400 km long and will have a capacity of 13.88 …

  • Ukraine's Naftogaz starts collecting Gazprom debt in Luxembourg

    One year after its lawsuit victory against Gazprom at the Arbitration Institute in Stockholm, Naftogaz of Ukraine announced on Facebook that it has started collecting its debt from the Russian company in Luxembourg too.

    “Gazprom has to pay us $4.6 billion in compensation according to the transit contract,” the Ukrainian company’s press service stated, noting that it has already received $2.1 billion in gas. “The remaining amount we have been collecting through an enforcement process in several …

  • Russia's Gazprom reshuffles top management after gas theft case

    Three of Gazprom’s high-ranking top managers, including two deputy chairmen of Gazprom’s management committee, lost their posts as a result of the 30 billion rubles worth gas theft case investigation. The ex-senator from Karachay-Cherkessia, Rauf Arashukov, and his father, the twice-convicted advisor to the general director of Gazprom Mezhregiongaz, Raul Arashukov, were implicated in this case. 

    According to Interfax, on Tuesday, the deputy chairman of Gazprom board, Valery Golubev, was …