Contents tagged with Gazprom

  • 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 …

  • 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 …

  • 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 …

  • 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. …

  • 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 …

  • 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 …

  • 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 …

  • Media: Russia's Gazprom and Ukraine's Naftogaz negotiate new contract

    The newspaper Vedomosti has reported that Gazprom and Naftogaz Ukraine are discussing terms for a new gas transit contract through Ukraine to Europe. The newspaper cited two sources close to parties involved in the talks.

    According to the publication’s sources, the talks are about concluding a new contract in 2020. The question of the continuation of gas transit after 2019, said one of them, was raised at a meeting of representatives from both companies a few weeks ago.

    "The contacts …

  • Ukraine's Naftogaz starts debt recovery from Russia's Gazprom

    According to the Chief Commercial Officer of Naftogaz, Yuriy Vitrenko , Naftogaz of Ukraine has begun debt collection procedures aimed at recovering the funds which Gazprom has to pay to Naftogaz according to the decision the Stockholm Arbitration court.

    The day before the announcement, Vitrenko met with the EU Commissioner for Competition, Margrethe Vestager. He told her that Gazprom refuses to comply with the decisions of the arbitration court and, in particular, refuses to compensate …

  • Russia's Gazprom claims it doesn’t plan to stop gas transit through Ukraine

    Alexey Miller, CEO of Gazprom, said that the company has never raised the issue of stopping gas transit through Ukraine, RIA Novosti reported.

    According to him, Russia’s resource base is currently shifting “north”, so the central gas-transport corridor “won’t have the same level of resources.” Miller emphasized that the gas transit through Ukraine can remain at a rate of 10-15 billion m3 of gas per year, but Kyiv must justify “the economic feasibility of a new transit contract.”

    German …