Contents tagged with Gazprom
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Russian gas giant Gazprom asks Kremlin for money for two projects
The Russian gas monopoly Gazprom has asked the Kremlin to provide financial assistance for a gas chemical complex and a liquefied gas processing complex that it plans to build close to the port city of Ust-Luga, Vedomosti reports, citing a letter from Gazprom CEO Alexey Miller to Russian Prime Minister Dmitry Medvedev.
According to the newspaper, the letter was sent at the end of May. In it, Miller asked that the projects be given the status of “national importance for the economy”. He …
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Hearings on seizure of Gazprom’s assets in the Netherlands to start in December
The hearings concerning the seizure of Gazprom’s assets in the Netherlands will commence in December 2019, according to the Russian gas monopoly’s report for the second quarter of 2019.
The document states that Gazprom’s shares in the Blue Stream Pipeline Company and the debt owed by several subsidiaries in the Netherlands to Gazprom were seized by the Amsterdam District Court on May 30, 2018, based on a request from Naftogaz of Ukraine.
The Ukrainian company is having Gazprom’s assets seized …
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Gazprom: two thirds of Nord Stream 2 pipeline has been completed
Russian gas giant Gazprom stated that 73.6% of the Nord Stream 2 gas pipeline has been build, reports TASS news agency. At the end of June, the company stated that 60% of the pipeline was built.
"The construction of the Nord Stream 2 gas pipeline continues. To date, 1805.6 km of the gas pipeline has been laid on the bottom of the Baltic Sea, accounting for 73.6% of its total length," the report said.
Earlier, media reported that the launch of Nord Stream 2 could be postponed for eight months …
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Ukraine prepares the basis of a new gas contract with Russia
Deputy Minister for Foreign Affairs of Ukraine Olena Zerkal said that Ukrainian Ministry of Foreign Affairs is developing an Energy Memorandum, which should become the basis for further action to sign a new contract for the transit of Russian gas, reports BBC.
She said that the specialists of the Ministry have been working together with the representatives of the United States and Poland ahead the planned Ukrainian President Volodymyr Zelensky's visit to Warsaw in September 2019. According to …
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Poland to hike tariff on Russian gas transit
The Polish government plans to revise the conditions pertaining to the transit of Russian gas through the country after the current contract expires, Polish Secretary of State for Strategic Energy Infrastructure Piotr Naimski told the press.
According to the official, 29 billion cubic meters of Russian gas are pumped through Poland every year, but the tariffs are so low that the country only receives 21 million zloty (around $5.4 million) in revenue from it.
“It’s just business. We will try …
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European Commission steps in to save Russian gas transit through Ukraine
The European Commission has proposed a 10-year contract for the transit of Russian gas through Ukraine as of January 1, 2020. The initiative will be discussed during trilateral ministerial negotiations that the European regulator intends to hold on September 16, reports TASS news agency, citing a diplomatic source in Brussels.
The source claims that Maros Sefcovic, Vice President of the European Commission’s Energy Union, sent the relevant letter to Moscow and Kyiv last week. “Both parties …
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Ukrainian Naftogaz files $5.2 billion lawsuit against Russia in the Hague
Naftogaz of Ukraine and its constituent companies have filed a lawsuit against Russia at the Permanent Court of Arbitration in the Hague demanding compensation for the losses caused by the seizure of $5.2 billion of their assets in Crimea, Naftogaz announced in a statement.
The Naftogaz Group has asked the court to obligate Russia to pay back this amount. The court is expected to make a decision concerning the compensation amount no earlier than the end of 2020.
The court has already …
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US Senate committee backs sanctions on Nord Stream 2
The US Senate Committee on Foreign Relations has approved a bill to impose sanctions on companies involved in the construction of Nord Stream 2, announced Hanna Hopko, head of the Foreign Affairs Committee of Ukraine’s Verkhovna Rada.
“The Senate committee has supported the sanctions against Nord Stream 2 with a score of 20:2 in our favor. I will remind you that these same sanctions will stop the Turkish Stream in the part of it that harms our transit, if it is built,” she wrote on Facebook. …
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Gazprom’s LNG ship for Kaliningrad moves to Europe instead
The regasification ship Marshal Vasilevsky, owned by Russia’s gas monopoly Gazprom and responsible for ensuring Kaliningrad’s gas security, is off the coast of Denmark and heading for the Port of Rotterdam, RBC reports, citing the Marine Traffic database.
In February 2019, Russian President Vladimir Putin commissioned a coastal terminal to accept liquefied natural gas (LNG) in Kaliningrad. The new terminal can meet nearly all the gas demand of the Russian exclave. At the end of last year, the …
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Kremlin offers Ukraine to extend gas transit contract for a year
Russian Minister of Energy Alexander Novak said that Moscow offered Kyiv to extend the current contract for gas transit on existing conditions for a year, but the Ukrainian side didn't respond yet, reports RIA Novosti news agency.
He added that the adjustments could be discussed during the negotiations between the companies. "We don't see any reaction yet. We wait for any comments from the Ukrainian government. Then we will discuss the deal at our meetings," the Minister said.
Earlier, …