Contents tagged with Gazprom

  • Ukraine's Naftogaz is looking for assistance of US courts in dispute with Russian Gazprom

    Naftogaz of Ukraine appealed to the courts of the Northern and Southern districts of Texas with claims against the American division of Gazprom Marketing & Trading (GM&T USA, subsidiary of the Gazprom group) and consulting company DeGolyer & MacNaughton (lead auditor of oil and gas refineries), Kommersant reported.

    The newspaper reported that Naftogaz requested the court to oblige the respondents to provide information and access to documents that will allow the Ukrainian company to file a new …

  • Ahead of negotiations on Turkish Stream Greece asks Russia for money

    The Prime Minister of Greece, Alexis Tsipras stated in an interview with TASS news agency that Greece hopes that Russia will make strategic investments in its economy, including infrastructure, ports and energy.

    According to him, he plans to request these large investments during an official visit with Russian President Vladimir Putin in Moscow, on December 7th.

    The Greek economy, with a debt exceeding 150% of the GDP “has good opportunities of a strategic nature,” stressed Tsipras.

    Tsipras …

  • Europe and Israel agree on alternative to Turkish Stream pipeline

    Gazprom’s prospective southern gas corridor to the EU, initially called South Stream but later renamed to Turkish Stream, now has a major competitor.

    Israel, Italy, Greece and Cyprus have reached an agreement to build the East Med gas pipeline, which will transport gas from the Leviathan gas field, the largest gas field discovered in the 21st century, with an estimated 3.5 trillion cubic meters of reserves.

    According to The Times of Israel, EU experts have given the go ahead to the project, …

  • Ukraine starts withholding Gazprom gas transit payments to recover the debt

    Ukraine’s national oil and gas company Naftogaz recovered $3.8 million received in overpayment from Gazprom for the transit of gas in October towards the amount that Gazprom is obliged to pay according to the decision of the Stockholm Arbitration Court.

    “Naftogaz of Ukraine sent a statement to Gazprom about withholding the funds received for transit of gas this October in the amount of $3.8 million as payment of a fine that the Russian monopoly owes according to the Arbitration decision from …

  • Media: Gas supplies via Turkish Stream will go through Hungary and Slovakia bypassing Ukraine

    The Russian gas monopoly Gazprom chose its gas supplies’ route to Europe along the second Turkish Stream line. It will go through Bulgaria, Serbia, Hungary and Slovakia, reported the Russian newspaper Kommersant citing materials published by the countries’ gas transmission operators.

    These materials were published in October-November as part of the procedure for booking future capacity (open season) which is stipulated by the legislation of the European Union (NC CAM) and is necessary for the …

  • Polish Foreign Minister: After completing Nord Stream 2 Russia will continue war in Ukraine

    Polish Prime Minister Mateusz Morawiecki warns that once the Nord Stream 2 pipeline has been built, nothing will hold Russia back from further aggression in Ukraine. He made a statement to this effect during the FOTAR conference in Hamburg, the Polish Press Agency reports.

    If the Ukrainian gas transmission system is no longer needed once the Nord Stream 2 pipeline has been built, Morawiecki asks, “what will stop Vladimir Putin from going to Kyiv?”

    “You will be surprised by who I am going to …

  • Lavrov: West has decided to use Balkans as bridgehead against Russia

    The West is trying to implement the next step in the anti-Russian script by pressurizing the countries of the Balkan peninsula and demanding that the countries in the region “make a choice: [you are] either with Moscow or with Washington and Brussels”, Russian Foreign Minister Sergey Lavrov in an interview with the Siberian Telegraph, the full text of which was published on the Foreign Ministry website.

    “The impression is developing that the lessons of the Ukrainian tragedy in the West have …

  • Russia's Gazprom increased gas supplies to Donbas

    From January to September 2018, PJSC Gazprom supplied 1.75 billion cubic meters of gas to the territories of the Donetsk and Luhansk regions that are not controlled by Ukraine. That is 11.5% more than the same period in 2017 and 26.9% more than during nine months in 2016, according to the company’s annual statements, Interfax Ukraine reported.

    Gazprom has been supplying gas to the uncontrolled territory since February 2015 through gas metering stations in Prokhorovka and Platovo on the border …

  • Armenia accuses Gazprom of multi-billion tax evasion

    The Armenian authorities have conducted an audit on the local Gazprom subsidiary and uncovered colossal tax violations, the Armenian State Revenue Committee (SRC) reported on Wednesday.

    Gazprom Armenia, the country’s sole gas provider, gave the tax authorities “deliberately false information” in its reports for 2016-2017, as a result of which it paid “several billion” too little tax on profit and VAT, according to the SRC.

    In addition, the company was involved in shady gas selling schemes. …

  • Switzerland seizes Gazprom’s revenue from Nord Stream

    The gas dispute with Ukraine may cost Gazprom its profits from pumping gas through the Nord Stream pipeline, which has been operational since 2012, and through which 61 billion cubic meters of gas were pumped to Europe last year, a third of Russia’s entire gas export.

    A Swiss court has seized payments made by the pipeline operator, Swiss-registered Nord Stream AG, to Gazprom, the operator’s 51% shareholder.

    The seizure was imposed as part of the interim measures for the ruling by the …