Contents tagged with Gazprom
As of the first quarter of 2016, NJSC Naftogaz of Ukraine will increase its claims against Gazprom up to $1 billion under the gas transit contract, as reported by Business Development Director, Yury Vitrenko, on his Facebook page. “We will receive nearly $1 billion from Gazprom for the first quarter of 2016 for underpayment of gas transit costs,” he said.
According to Vitrenko, the claims under the gas purchase contract will be also expanded.
“Both parties will expand their claims before the …
Georgia has no need to purchase additional gas from Russia's Gazprom, the Minister of Energy of Georgia, Kakha Kaladze, said on Friday, Georgia Online writes.
"The talks with Gazprom have not yet been completed and the contract not yet executed. A few days ago we sent them our final offer, which was announced by Georgia. We should continue to receive 10 percent in raw form, i.e. natural gas. We do not need additional volumes. Georgia will be provided with gas within a few years," the Minister …
On Sunday, thousands of demonstrators formed a human chain six kilometers long from the Russian Embassy to the square in front of the government administration building in Tbilisi in order to protest negotiations between Georgia and Gazprom.
The action was organized by the United National Movement opposition party of the ex-President of Georgia, Mikheil Saakashvili, and its supporters. "The Georgian people will not allow the government to undermine the country's energy security," said one of …
The agreement on the additional supply of natural gas from Azerbaijan to Georgia has strengthened Georgia’s position in its negotiations with Gazprom. One of the leaders of the Georgian parliamentary majority, Gia Volski, reported this to journalists on Saturday, as reported by Interfax.
“Azerbaijan has found technical resources which will strengthen our position on the market,” Volski said. This was in reference to an agreement signed the day before between the Georgian government and the …
Gazprom and the Bank of China have signed an agreement granting the Russian gas monopoly a €2 billion loan for a period of five years as reported by the press service of the company.
It is the largest funding deal coming directly from one credit institution in the history of Gazprom. It was also noted by the company that it was the first bilateral loan agreement with the Chinese Bank.
In August 2015 Gazprom secured a loan from a consortium of Asian Banks for $1.5 billion at LIBOR + 3.5% for …
The total claim amount made against Gazprom by Naftogaz has reached 8.2 billion dollars. This claim is in regard to a contract between these two companies for the transit of Russian gas through Ukraine.
The head of Naftogaz, Andrew Kobolyev, reported this during a conference in Kiev.
“The total amount of claims made against Gazprom has reached an amount of 8.2 billion dollars,” Kobolyev said.
According to him, this amount had accumulated during the duration of the contract, which began in 20 …
American company Frontera Resources has found a 5 trillion cubic meter reserve of gas in Georgia, Georgian media reported. The media quoted the President of Frontera Resources, Steve Nicandros, who said that it can take up to 5 years for Georgia to begin exporting gas.
Steve Nicandros stated that this gas will flow to Turkey and the countries of Eastern Europe. Last year, Frontera Resources, which has been working in Georgia since the mid-1990s, came to an agreement with Ukrainian Naftogaz, …
Russian company Gazprom, Italian company Edison and Greek company DEPA have signed an agreement to transport gas from Russia to Europe via a route under the Black Sea, as stated in a press release by Gazprom.
The Russian company emphasized that the parties were interested in natural gas supply routes from Russia to Greece, as well as from Greece to Italy. The results of work carried out by Edison and DEPA under the ITGI Poseidon project will be used “to the fullest extent” for these purposes. …
Georgia has high hopes for closer economic cooperation with Iran after international sanctions were lifted. Recently, Tbilisi abolished the visa regime with Iran, hoping to increase the flow of tourists from the south. Up until September 2014, tourists from Iran were bringing approximately 100 million dollars a year into Georgia.
Soon Georgia will also import Iranian gas, and a preliminary agreement was reached during a visit to Tehran with the Georgian Energy Minister, Kakha Kaladze.
In 2016, Lithuania will import more gas from Norway than from Russia, as stated by the Minister of Energy of Lithuania, Rokas Masiulis, Reuters reports.
Russian Gazprom enjoyed a monopoly on the Lithuanian gas market before the end of 2014, when Lithuania opened a floating liquefied gas terminal. This allowed tankers from Norway to supply gas to Lithuania.
The volume of imports of liquefied natural gas to Lithuania this year is expected to triple following the signing of two new agreements …