Contents tagged with Gazrom

  • Russia's Gazprom loses German court appeal to use 100 percent of Nord Stream 2 capacity

    As Russian officials celebrated the opportunity to complete the Nord Stream 2 pipeline, Russia’s gas giant Gazprom was defeated in a key dispute over the future of the project.

    On Wednesday, the Dusseldorf Higher Regional Court rejected the appeal of Nord Stream AG against the decision of the Federal Network Agency of Germany, which refused to remove the gas pipeline from the regulations of the third EU energy package of the EU.

    The Swiss-based Nord Stream AG, a 100 percent subsidiary of the …

  • Russia’s Gazprom reduces gas supplies to European storage facilities

    Beginning Saturday, July 31, Russian gas giant Gazprom reduced supply of gas to underground storage facilities in Europe, reports Interfax with reference to the data of the website Gas Infrastructure Europe.

    The most used storage facilities in Europe, Haidach in Austria, Rehden in Germany and Bergermeer in the Netherlands, will receive less gas from Gazprom. Usually, gas supply increases over the weekend, because industrial demand subsides  and unclaimed volume can be sent to storage …

  • Construction of Nord Stream 2 pipeline delayed by half a year

    The completion of the Nord Stream-2 pipeline continues to be postponed.According to Interfax, the operator of the project, Gazprom's Swiss-registered subsidiary Nord Stream 2 AG, has postponed the completion date in Danish territorial waters by another five months. About 160 km of pipe remain to be laid there.In a new Notice to Mariners published by the Danish Maritime Authority, the company says it plans to continue work until September 2021. Two months ago, in a similar document, the deadline …

  • Gazprom to create Russian YouTube alternative

    In 2021-2022, Gazprom-Media Holding will introduce two online content management platforms to the Russian market - similar to the American YouTube platform, said the head of the holding, Aleksandr Jarov, at the roundtable of the National Advertising Forum.

    "We now have a Rutube platform in our portfolio. We have been working on it for a long time, about a year, to modernize it, to make it, in terms of the available tools, not worse than YouTube, and in terms of various monetization mechanisms …

  • Poland fines Gazprom $7.6 billion for Nord Stream 2

    Poland's Office of Competition and Consumer Protection (UOKiK) imposed maximum fines of $7.6 billion and $61 million respectively on Gazprom and five other companies for the construction of the Nord Stream 2 gas pipeline without its consent, reported the Polish antitrust regulator on Twitter.

    The regulator also ordered the termination of contracts for financing the construction.

    "Gazprom can appeal this decision in two instances of the administrative courts of Poland, then in the Supreme …

  • Turkey decides to stop TurkStream pipeline

    Turkey continues to reduce purchases of Russian gas, and in August for the first time since the early 2000s Gazprom may not supply Turkish customers with a single cubic meter of fuel.

    On July 27, for the second time in two months, gas flow through the Turkish Stream pipeline will be stopped, Interfax reports, citing the state-owned Turkish company Botas, which is the buyer of gas delivered through the pipeline launched in January.

    The $7 billion pipeline will be down for two weeks - until …

  • Russia halts gas supplies to Germany via Poland

    Supplies of Russian Gas to Germany via Poland using the Yamal-Europe pipeline have been halted, reported Interfax with reference to the data of the German gas transport operator GASCADE Gastransport GmbH.

    At 08:00-09:00 am Tuesday, the volume of the gas intake at Malnov station on the Polish-German border fell to zero.

    The day before, the transit of gas was at 1% of the regular capacity, with about 25.8 thousand cubic meters per day.

    Gazprom faced difficulties in supplying gas via Poland …

  • Gazprom agrees to reduce gas prices for Poland

    Russian gas giant Gazprom promised to reduce the price of gas supplied to Poland (under the Yamal contract) after the demands of the Polish state oil and gas company PGNiG, reported the head of PGNiG Jerzy Kwieciński. He added that the Russian company also pledged to correct the bills issued for March and April 2020.

    "I'm pleased to inform you that today PGNiG received Gazprom's correction to the invoice for gas supplies in March'20 I appreciate the quick reaction of our business partner, who …

  • Russian pipe laying vessel capable of finishing Nord Stream 2 changes it course again

    The pipe laying vessel Akademik Cherskiy, owned by Gazprom's subsidiary (Gazprom Fleet LLC), changed its course again and is heading to the port of Nakhodka. Now the pipe-layer is passing the English Channel, according to data from the ship tracking websites Myshiptracking and Vesselfinder. The estimated time of the vessel's arrival at the port is July 1.

    The vessel Akademik Cherskiy, which, according to Russian Energy Minister Alexander Novak, can complete the construction of the Nord Stream 2 …

  • Germany allows Poland to decide the fate of Nord Stream 2 pipeline

    German regulatory office for electricity, gas, telecommunications, post and railway market, Bundesnetzagentur has allowed Poland to participate in the consideration of the application to exclude Nord Stream 2 from the rules of the new EU Gas Directive. This issue is key for the future of the project, as European regulations can severely restrict gas supplies through the Nord Stream 2 gas pipeline.

    Last year, the European Commission approved new changes to the EU Gas Directive. Now the Third …