Contents tagged with Gazprom
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Media: Polish PGNiG blocked Gazprom's funds for Nord Stream 2
The Polish Petroleum and Gas Mining Company, PGNiG, has blocked the payment of about 200 million dollars in dividends from the EuRoPol Gaz union to the Russian company Gazprom, which will prevent Russia from financing the construction of the Nord Stream 2 pipeline, as reported by Gazeta Polska Codziennie.
"PGNIG received consent from the Polish government on this action," the newspaper notes. The whole operation began at the General Meeting of EuRoPol Gaz on the 27th of June, 2016. At that …
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CEO of Naftogaz: Ukraine will buy gas from Russia only if Gazprom offers a reasonable price
CEO of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, stated that the Ukrainian side is ready to buy gas from Russian Gazprom only if it offers a reasonable price.
“Our offer extends to all companies, including Gazprom, only if it is ready to offer a reasonable price and abide by the rules.” Kobolyev’s words were quoted by Naftogaz on the air of the BBC TV program Hard Talk.
According to him, currently Naftogaz is buying fuel from 14 European suppliers.
“The very fact that …
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Gazprom subsidiaries and contractors for Kerch Strait Bridge fall under US sanctions
A press release by the US Treasury has stated that the US government has once again expanded the list of Russian individuals and legal entities to which unilateral US economic sanctions will apply. The list includes Gazprom-Media, which in turn includes NTV, NTV Plus, TNT, Pyatnitsa and Match TV, the Echo Moskvy radio station and Avtoradio.
The main contractor for the construction of the Kerch Strait bridge, LLC SGM-Bridge, is also now included on the list. The company is a subsidiary of …
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Naftogaz of Ukraine purchases gas from the EU at a lower price than from Russia
Yuriy Vitrenko, the Director of Business Development at Naftogaz of Ukraine, reported on Facebook that the company is buying gas from the European Union at a lower price than from Russian gas giant Gazprom.
“Now the price of European gas is already significantly lower than the $185 per thousand cubic meters charged by Gazprom,” he noted.
The press-service of Naftogaz, a national joint-stock company of Ukraine, reported that the contract price announced by Gazprom for Ukraine for the third …
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Ukraine may sue Gazprom for up to $50 billion
Ukraine can be awarded approximately 50 billion dollars from the Russian gas company, Gazprom, in the Stockholm arbitration, as was stated during an interview with Andriy Kobolyev, the Chief Executive Officer of Ukrainian state energy company Naftogaz, on TV Channel 5, Ukrinform reports.
"In September of this year we will have a final hearing of the case on the gas purchase and sale contract in Stockholm. After that, within six months of the completion of all procedures, we will have a …
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Gazprom expects a record decline in gas production this year
According to Gazprom’s forecast, gas production by the end of this year will amount to 417.2 billion cubic meters. In 2015, the company’s enterprises reached the lowest level of production to date, 418.47 billion cubic meters.
According to a forecast, presented in a report for the second quarter of this year, natural gas production by the end of this year will be 0.3 percent lower than it was last year. Last year’s gas production by the enterprises of Gazprom reached the lowest level in the …
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Gazprom decided to withdraw from Nord Stream-2 joint venture
Gazprom, Shell, Uniper and Wintershall, which are all part of a consortium for the construction of Nord Stream 2 have withdrawn their application to create a joint venture. The group had already submitted the application to the Polish antimonopoly agency, as reported in the companies’ statement.
This decision will not affect the gas pipeline project, the report says. It also will not affect the Nord Stream 2 construction schedule.
The project will be implemented by a Swiss-registered Nord …
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Naftogaz believes their chances of beating Gazprom in Stockholm court are high
Director for Business Development at the national joint-stock company Naftogaz of Ukraine Yuriy Vitrenko stated that Ukraine has a good chance of obtaining a positive decision for their claim against Gazprom in the Stockholm Arbitration Court.
“In short, we are in the home stretch. Trials will start in the next few months. Our position is very firm, as demonstrated by the fact that, in particular, even Putin had to change his favorite statement about Gazprom: that since 2020 they will not need …
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Claim of Naftogaz and Gazprom in Stockholm exceeds $65 billion
The next court hearing is scheduled in autumn.
The total amount of the claim between the National Joint-Stock Company, Naftogaz of Ukraine, and the Public Joint Stock Company, Gazprom in the Stockholm Arbitrage Court has exceeded 65 billion dollars, as Naftogaz reports on its Facebook page.
According to the statement, the amount of Naftogaz’s claim on the contracts for the purchase, sale and transit of natural gas amounts to more than 26.6 billion dollars.
In turn, the amount of the …
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Transit of Russian gas reached record low
The head of Naftogaz, Andriy Kobolyev, has reported on the low volumes of Russian gas transit and explained that this a result of the pressure that Moscow is exerting on Kiev. He said this while on air with Channel 5.
“Transit volumes have continued to decrease and are now at a record low. This is related to the pressure that Russia exerts on Ukraine and Naftogaz. Its goals are to firstly minimize the revenue from this type of business and secondly, I think, it is part of a tactic to promote …