Contents tagged with Gazprom

  • Gazprom claims that increase in Nord Stream’s transit did not reduce gas transit through Ukraine

    Gazprom is experiencing good dynamics in its gas exports to Europe through Nord Stream  and OPAL pipelines; at the same time, transit through Ukraine has even increased, TASS reported quoting  Chairman of the Board of Gazprom, Alexey Miller.

    "Between August 1 and August 8, production through the OPAL gas pipeline by Gazprom increased by 30%. Today, the pipeline has reached full capacity. The volume of daily gas supply to Greifswald reached 140 million cubic meters on August 8. That is, the use …

  • Net profit of Russia’s Gazprom falls by a record number in the past six month

    In the first half of 2017, the net profit of the Russian monopoly Gazprom fell to almost nothing - 17.4 billion rubles ($290 million USD), down from 194.417 billion rubles ($3.24 billion USD) in January-June 2016. This is shown by Interfax’s calculations based on the company’s materials using Russian accounting standards.

    The data shows that in the second quarter of 2017, Gazprom had a loss of 90 billion rubles ($1.5 billion USD), whereas in April-June 2016 the parent company earned a symbolic …

  • Ukrainian Naftogaz to increase its claim against Gazprom by $5 billion

    Naftogaz of Ukraine intends to increase the amount of claim in a lawsuit against Russian Gazprom over natural gas transit costs by $5 billion, as indicated by their Commercial Director Yuri Vitrenko on Ukrainian Channel 5.

    “We are seeking a judgement in our favor regarding the transit contract. We are claiming more than $13 billion, and we will sue for an additional $5 billion as well,” Vitrenko promised, noting that Gazprom's claims amount to $7 billion. “We expect that we will receive fair …

  • Media: Russia to limit gas transit through Ukrainian territory

    Russia is restricting the transit of gas through Ukrainian territory, and will soon exclude its western neighbor from the process of transporting natural gas to western countries, Vedomosti reports.

    Vedomosti claims that Gazprom has reduced the flow of gas through Ukrainian territory and has simultaneously increased it in the OPAL pipeline. Recently the European Commission approved the use of 40% of the capacity of the gas pipeline.

    According to the opinion of Russian experts, Moscow is …

  • Russia's Gazprom named one of main sources of greenhouse gases

    According to estimates by British scientists, more than half of the world’s greenhouse gases released into the atmosphere in the past 28 years were produced by 25 large companies. And the largest producers were Saudi Aramco and Gazprom, Russia's RBC news agency reports.

    “In the 28 years since 1988, when the influence of greenhouse gases on the Earth’s climate was recognized, about 833 billion tons of carbon dioxide, methane and other gases (equivalent to CO2) were put into the atmosphere as a …

  • The transit of Russian gas through Ukraine increased by 21% in 6 months

    In the first half of 2017, gas transit through Ukraine increased by 21% to 45.7 billion cubic meters, as reported on Facebook by Magistralnye Gazoprovody Ukrainy. Gas transported through Ukraine comes from Russia to the EU.

    "If these levels are maintained, by the end of the year we can expect 90 billion cubic meters of blue fuel for European consumers to be transported through Ukraine," the report said. Gas production in Ukraine has increased by 3%, reaching 10.3 billion cubic meters and …

  • Russian Gazprom supplied 5.6 billion cubic meters of gas to separatists in eastern Ukraine

    The Russian gas company, Gazprom, has supplied 5.6 billion cubic meters of gas to the separatist-held territories of the Donetsk and Luhansk regions since January 2015, as reported by the head of Gazprom, Alexey Miller, RBC news agency reports.

    Gazprom began supplying gas to the uncontrolled territory of Ukraine at the request of Russian Prime Minister Dmitry Medvedev in February 2015. Gas is supplied through the Platovo and Prokhorovka gas measuring stations. The Russian government claimed …

  • $3 million that Ukraine received from Gazprom will become part of the state budget

    The State Executive Service of Ukraine received $3.069 million from Gazprom, which will become part of the state budget, as part of the fine imposed by the AMCU (Anti-Monopoly Committe of Ukraine) on the Russian company, as reported by Serhii Shklyar, the Deputy Minister of Justice of Ukraine on Executive Service.

    “The decision on Gazprom, which was made by the AMCU for $ 6.5 billion and which was later the subject of consideration in the economic courts, was submitted to the State Executive …

  • Poland to fine Russia for poor quality of the supplied gas

    Poland will impose a fine on Russia for supplying substandard gas, which Warsaw stopped taking from the Yamal gas pipeline for its own needs as of June 21st, as stated by the chairman of the Polish oil and gas company, PGNiG, Piotr Wozniak, Ukrinform reports.

    “As a result, PGNiG will be forced to impose a fine on Gazprom in accordance with the contract,” Wozniak said.

    According to him, if the gas supply to Poland is resumed by June 23rd, this will not affect the 2017 – 2018 heating season. …

  • Ukraine began collecting Gazprom’s first payments from anti-monopoly case

    The Kyiv Economic Court finally decided to allow the State Executive Service to collect 79.87 million hryvnia or about $3.07 million of the dividends of PJSC Gaztransit (Kyiv), which were to be paid to the Russian Gazprom.

    The money will be used to pay off the fine and interest imposed on Gazprom by the Anti-monopoly Committee, which amounts to 172 billion hryvnia or $6.6 billion. Ukraine was able to seize shares of Gaztransit as part of the enforcement proceedings in collecting the said fine. …