Contents tagged with Naftogaz

  • Kyiv: Russia will have to sign a new contract with Ukraine if Nord Stream-2 fails

    The Ministry of Foreign Affairs of Ukraine is convinced that if the Nord Stream-2 gas pipeline is not laid at the bottom of the Baltic Sea, Russia will have to negotiate a new contract with Ukraine on the transit of gas to the European Union through Ukraine, said Ukrainian Deputy Foreign Minister for the European Integration Olena Zerkal on Pryamyi TV.

    The diplomat expressed the conviction that the European Union can create equal conditions for all countries to buy and transit gas so that …

  • Ukraine's Naftogaz and Russia's Gazprom agree to meet

    Naftogaz of Ukraine announced that an agreement has been reached with the Russian company Gazprom to hold a meeting by the end of March.

    Writing on its Facebook account, Naftogaz said that it intends to inform Gazprom that it does not agree that the contracts should be cancelled.

    “In addition, we informed Gazprom that the tariff must be changed. At the meeting, of course, the implementation of arbitration decisions will be discussed,” said the chief commercial director of the Naftogaz Yuriy …

  • Gazprom: termination of contracts with Ukraine may take up to two years

    Russia’s Gazprom intends to appeal the decision of the Stockholm Arbitration Court regarding the transit contract with Naftogaz Ukraine before the end of the month, as well as initiate procedures for the termination of contracts "in accordance with the established procedure," said by Gazprom’s  CEO, Alexei Miller, at a meeting with Russian Prime Minister Dmitry Medvedev.

    "According to the decision of the Stockholm Arbitration Court, Gazprom must pay Naftogaz of Ukraine 2.56 billion dollars. …

  • Ukraine's Naftogaz to seek arrest of Russian gas in Europe as part of Gazprom’s debt collection

    Naftogaz of Ukraine will not remove gas from transit to Europe as part of Gazprom's debt collection, but intends to seek the seizure of this gas once it reaches European markets, as posted by the Chief Commercial Officer of Naftogaz of Ukraine, Yuriy Vitrenko on Facebook.

    "Experts" who get money from Gazprom, twist my words and report that we will impose penalties on gas belonging to Gazprom, in case Gazprom comply with the Stockholm Arbitration's decision and will not pay $2.5 billion. Let me …

  • Ukraine's Naftogaz expects to get $8 billion from Russia for assets in the Crimea

    Ukraine’s claim against the Russian Federation for seized Crimean assets, taking into account the interest, comes to $8 billion, said the chief commercial director of Naftogaz Ukraine Yuriy Vitrenko.

    “Already this year we can win up to eight billion dollars. The claim is for damages. What happens when these assets are returned is a separate issue. The defendant is the Russian government. Five billion was without interest, and eight billion was with expected interest,” he wrote on his Facebook …

  • European Parliament takes Ukraine’s side in Kyiv’s dispute with Russian Gazprom over gas transit

    The European Parliament believes that Russia's refusal to deliver gas to Ukraine is an element of political pressure that can have negative consequences for the European Union, as said in the statement released by the European Parliament Foreign Affairs Committee Chair David McAllister, Ukrinform reports.

    The statement condemned the actions of Gazprom concerning the cessation of gas supplies to Ukraine and further attempts to terminate the contract. "This is yet another proof of the use of gas …

  • Russia refuses to take part in trilateral gas talks with Ukraine and the EU

    Energy Minister of the Russian Federation Alexander Novak said there will be no gas negotiations with Ukraine and the European Union, TASS reported.

    "No trilateral negotiations are being planned as all the court proceedings are based on the contracts and relations between commercial organizations, particularly between Gazprom and Naftogaz. Only the said two companies must settle all these issues," Novak said.

    According to the report, Naftogaz and Gazprom failed to agree on the conditions of …

  • Ukraine's Naftogaz refuses to terminate transit agreement with Gazprom

    Naftogaz of Ukraine received notice of plans from Russia’s Gazprom to appeal to Stockholm’s arbitration tribunal regarding contracts for the supply and transit of gas. The company considers Gazprom’s proposals unacceptable, said commercial director of Naftogaz Yuriy Vitrenko, as reported by channel 112 Ukraine. He added that there are no grounds for dissolving the gas transit agreement in Kyiv.

    The Ukrainian top manager said that the gas contracts stipulate the procedure for cancelling them. …

  • European Commission offers to mediate negotiations between Naftogaz and Gazprom

    European Commission (EC) Vice-President for Energy Union Maroš Šefčovič noted that the European Commission is ready to mediate to help settle the gas dispute between Ukraine and Russia. This was mentioned in a statement released on the EC website.

    It was specifically noted that Šefčovič had contacted Ukrainian and Russian authorities for telephone-based discussions. Šefčovič spoke with Ukrainian Prime Minister Volodymyr Groysman, Naftogaz CEO Andriy Kobolyev, and Russian Energy Minister …

  • Ukraine received 26.5 mln cubic meters of gas from Europe since the beginning of March

    During the first four days of March, Ukraine received 26.5 million cubic meters of natural gas from European Union countries, as announced by the Ukrainian Ministry of Energy and Coal Industry.

    The Ministry specified that 17 million cubic metres was obtained from Slovakia, 7 million cubic meters from Hungary, and 2.5 million cubic meters from Poland.

    As reported, on March 2nd, the National Joint-Stock company, Naftogaz of Ukraine and the Polish company, PGNiG signed a contract for the urgent …