Contents tagged with Gazprom

  • $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. …

  • The transit of Russian gas through Ukraine has risen to a 5-year record high

    Ukrtransgaz, the operator of the Ukrainian gas transport system, stated that from January to May 2017, Gazprom increased the transit of gas through Ukraine to 38.26 billion cubic meters.

    This is the highest recorded volume of transported gas over the past 5 years; it exceeds the average transit volume for January-May during 2013-2016 by almost 9 billion cubic meters. Other Russian gas route volumes remained stable.

    Gazprom is able to cover the growth and fluctuations in demand for Russian gas …

  • Naftogaz refused to negotiate with Gazprom in Moscow

    National Joint Stock Company Naftogaz of Ukraine refused to negotiate with Gazprom in Moscow; a decision noted in the company's response to the invitation of Alexander Medvedev, Gazprom Deputy Chairman of the Management Committee.

    Yesterday, Medvedev said that Gazprom was ready to discuss a new transit contract because the current one expires in 2019, so he invited Naftogaz to come to Moscow.

    Naftogaz believes that the territory of the Russian Federation is not a place for negotiations. "This …

  • Poroshenko: Stockholm arbitration tribunal’s decision on the lawsuit of Naftogaz vs. Gazprom was a 'convincing victory'

    President Petro Poroshenko considers the decision of the arbitral tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce a victory in the lawsuit of Naftogaz Ukrainy against the Russian Gazprom under the gas supply contract. This was reported on the president's website.

    "Our joint effort, made by NATO and legal representatives and the Foreign Ministry team, which also helped us a lot, together with the position of the President’s administration and the …

  • Head of Naftogaz says Ukraine expects two final decisions in a dispute with Gazprom

    The final computed amount of compensation in the dispute between Naftogaz and Gazprom will be known after the completion of the so-called “transit case.” The head of the NJSC Naftogaz of Ukraine, Andriy Kobolyev made the statement on "1 + 1" TV on the evening of June 4.

    Kobolyev recalled that according to the decision of the arbitration tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce, Ukraine will pay nothing for gas that they did not take, despite …

  • Ukraine confiscates Gazprom’s joint venture shares

    Ukraine seized the shares of Gaztransit (Kyiv), Private Joint-Stock Company owned by the Russian Gazprom, as reported in Gazprom’s quarterly report.

    “On May 12, 2017, Gazprom PJSC received through the representative office of Gazprom PJSC in Kyiv resolutions of the Department of the State Executive Service of the Ministry of Justice of Ukraine on the opening of the enforcement proceedings in the amount of UAH 189.13 billion ($7.20 billion USD), including the amount of the execution fee of UAH 1 …

  • Poroshenko: This is the first time that Russia is unable to use gas as an instrument of political leverage and blackmail

    Ukrainian President Petro Poroshenko welcomed the judgment of the Stockholm Court of Arbitration in the case of Naftogaz of Ukraine against Gazprom.

    Earlier, the Stockholm Court of Arbitration fully satisfied the claims of Naftogaz to Russia's Gazprom under the gas supply contract with Ukraine from 2009 on a ‘take or pay’ basis. The Ukrainian state company won the largest commercial dispute.

    The head of state noted that according to this judgment, the "take or pay" provision was cancelled and …

  • The Stockholm arbitration tribunal rejected the claims of Russia's Gazprom against Naftogaz of Ukraine

    The claims of Gazprom against Naftogaz of Ukraine regarding the take-or-pay condition were completely abolished, as reported to Interfax-Ukraine by the press service of the Ukrainian state-owned holding company citing the head of Naftogaz, Andriy Kobolyev.

    The press service also reported that the arbitral tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce satisfied the demand of Naftogaz of Ukraine concerning the price revision in the contract for gas …