Contents tagged with Gazrom

  • 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 …

  • Russia unable to complete Nord Stream 2 in expected time frame

    The operator company of the Nord Stream 2 gas pipeline announced that there have been delays in the construction of the pipeline. On Monday, December 9, the company admitted that it will not be able to finish building the energy facility in the previously announced shorter time frame, DW reports.

    “We had planned to complete the project in the next few months in accordance with all legal and technical standards,” the company said.

    However, due to weather conditions, the company could not name …

  • Kyiv speaks of difficulties collecting Gazprom’s debt in three countries

    Yuriy Vitrenko, an Executive Officer of Naftogaz Group Ukraine, said that Naftogaz of Ukraine faced different willingness of courts in several European countries to consider cases of compulsory recovery of $3 billion from the Russian gas company Gazprom by the decision of the Stockholm Chamber of Commerce, reports Radio NV.

    "We are not able to launch compulsory recovery in Germany," said Vitrenko, as quoted by Interfax-Ukraine. He added that Ukraine has similar problems in Poland and Moldova. …

  • Poland appealed the European Court’s decision to increase Gazprom’s pipeline access

    The Polish government appealed to the European Court of Justice in Luxembourg due to the decision to increase access of Gazprom to the key gas pipeline OPAL, which links Nord Stream with Germany. The European Commission adopted this decision in late October, Polskie Radio reported on December 18, with reference to the official representative of Polish Foreign Ministry, Joanna Wajda.

    The decision of Brussels was heavily criticized by Warsaw. The Polish administration stated that it recognizes a …

  • Russian Gazprom and Turkish BOTAS resume talks on gas discount

    Russia’s Gazprom and Turkey’s BOTAŞ have resumed talks on a potential discount on gas for the latter, as stated by Russian Energy Minister Alexander Novak in an interview with the Turkish newspaper Hurriyet, RIA Novosti reported.

    "The issue of the price of gas is linked to the content of trade agreements between the economic entities of our countries… Now the negotiations on gas prices resumed, and there is hope the parties can reach a common position,” Novak said.

    The Russian Minister added …