Contents tagged with Gazprom
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Russia's Sberbank lays off analysts for negative Gazprom report
Russia’s Sberbank has carried out layoffs in the analysis division that presented a review of Gazprom in May which said that all of the company’s largest gas pipeline projects are detrimental and profitable only for the subcontractors, who are almost exclusively friends of President Vladimir Putin.
The author of the review, chief analyst for the oil and gas sector Alex Fek, was fired on May 22. The next day Alexander Kudrin, head of Sberbank CIB’s analysis division, left the company “by …
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Ukraine's Naftogaz: Gazprom stopped sending gas bills for the Donbas
Naftogaz of Ukraine claims that Russian Gazprom has stopped sending bills for the gas which is supplied to the territories of Donbas that are not under the Ukrainian government’s control.
However, the Ukrainian company reports that, “the volume of gas supplies has increased, which also shows in Gazprom’s reports.” Gazprom has not commented on this statement yet.
In February 2015, Gazprom began to supply gas to separatists in the the Donbas through gas-measuring points that are not controlled …
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Poland files case against Russia's Gazprom for financing Nord Stream 2 pipeline
The Polish Office of Competition and Consumer Protection (UOKiK) has opened proceedings against Gazprom and five other international companies responsible for financing the Nord Stream 2 gas pipeline, reported Polskie Radio.
Polskie Radio noted that more than two years ago, the five companies wanted to create a consortium to finance the construction of the Russian gas pipeline. Marek Niechciał, President of UOKIK, stated that “the company that was to deal with the construction of the Nord …
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Russia's Gazprom gives $1.2 billion contract to Putin's friend without considering other bids
Stroytransneftegaz (STNG) has been chosen as the general contractor for the construction of certain sections of the North Stream gas pipeline totaling a length of 538 km, RBC news agency reports. The contract’s value is estimated at 74.6 billion rubles ($1.18 billion USD), and the customer is PJSC Gazprom, represented by Nikolai Shendelev, Deputy Director of Gazprom invest.
RBC news agency reports that there is no information on the contractor included in the contract published on the public …
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European Court of Justice rejects Naftogaz’s claim against the European Commission regarding Gazprom’s access to OPAL pipeline
The European Court of Justice dismissed the claim of the Ukrainian state-owned company Naftogaz against the European Commission (EC). Naftogaz filed a lawsuit against the EC in March of last year in response to the EC’s decision to allow the Russia’s Gazprom additional transit volumes through the OPAL and Nord Stream pipelines. However, on March 9, the Court rejected Naftogaz’s claim against the EC.
The EC made their decision to grant Gazprom additional access to the OPAL pipeline on October 28 …
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Media: Ukraine's Naftogaz begins purchasing gas from Russian Gazprom
National joint-stock company Naftogaz of Ukraine has started purchasing gas from Russian Gazprom since Wednesday, April 25, reports by the Ukrainski Novyny news agency, citing a source in the gas market.
According to the source, the purchased gas is being transported through Sudzha station. The total volume of supplies is 21 million cubic meters.
The import of gas from Russia to Ukraine was suspended on November 25, 2015. On March 1, Deputy Chairman of the Management Committee of Gazprom …
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Russia's Gazprom claims it is ready to build Nord Stream 3 pipeline
Gazprom is ready to construct Nord Stream 3 if the European Union confirms the need for Russian gas, as stated by Deputy Chairman of the Management Committee of Gazprom Alexander Medvedev on channel Russia-24.
“We have proven reserves, we have transportation, we are building new transport routes. If Europe expresses its needs and is ready to sign the necessary contracts, I won’t rule out the need for more new gas transportation projects such as Nord Stream 3,” RIA Novosti cites Medvedev. …
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Gazprom: transit contract with Ukraine will not be extended
The Russian gas monopoly Gazprom and NJSC Naftogaz Ukraine have not yet begun negotiations on the future of Russian gas transit through Ukraine. Deputy Chairman of the Management Committee of Gazprom Alexander Medvedev stated that presently, there are only consultations on the issue, Interfax-Ukraine reported.
"The current contract will not be extended under any circumstances, even if the sun in the sky or moon changes. The transit contract through Ukraine will not be extended but it does not …
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Russia's Gazprom begins termination of contracts with Ukraine's Naftogaz
Gazprom was unable to reach an agreement with Naftogaz on gas transit through Ukraine and sent a request to the Stockholm Arbitration for termination of the existing gas transit and supply contracts.
“Gazprom was ready to negotiate with Naftogaz of Ukraine on gas transit after 2019. However, Ukraine must justify the economic feasibility of transit through its territory,” said Gazprom's Deputy Chairman of the Board of Directors Alexey Miller.
On February 28, the Stockholm Arbitration Court …
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Denmark to permit Nord Stream 2 construction under guarantee of gas transit through Ukraine
Denmark has decided to give permission for the construction of the Nord Stream 2 gas pipeline, but only if Russia guarantees to continue gas transit to Europe through Ukraine, Deutsche Welle reports.
"In this regard, the Ukrainian matter is crucial," Danish Prime Minister Lars Lokke Rasmussen said on Thursday, April 12, in Berlin after a meeting with German Chancellor Angela Merkel.
Rasmussen noted that the Danish government had not yet given its consent to the construction of a gas pipeline …