Contents tagged with Naftogaz

  • Russia agrees to pay $3 billion compensation to Ukraine's Naftogaz

    Ukrainian President’s Aide Andriy Yermak said that after the gas transit talks in Minsk, the Russian side agreed to pay Ukraine $3 billion of compensation according to the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce, reports Hromadske.

    "We are returning home with excellent news, and we will have a transit contract on favorable terms for Ukraine. Thanks to these arrangements, Ukraine will receive $3 billion according to the ruling of the Stockholm arbitration court," …

  • Russia and Ukraine reach agreement on gas transit

    After hours of talks between representatives of Russia and Ukraine in Berlin on December 19, Vice President of the European Commission Maroš Šefčovič said that after months of negotiations Russia and Ukraine reached an agreement in principle on gas transit. Germany and the European Union mediated the negotiations.

    According to Šefčovič, the agreements that were reached at the meeting will be additionally discussed in Moscow and Kyiv on December 20. He called the outcome of the talks in Berlin …

  • Kyiv: all of Europe is interested in stopping Nord Stream 2

    Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba said that the US sanctions against the Nord Stream 2 pipeline should be applied as soon as possible, reports Ukrinform news agency. According to him, not only Ukraine but also all of Europe is interested in stopping the construction of the pipeline.

    According to Kuleba, Nord Stream 2 pipeline is a political, not an economic project. He explained that the pipeline will create a security imbalance in Europe …

  • Ukrainian Prime Minister warns of possible ‘gas war’ with Russia

    During the Normandy Format summit, Ukraine achieved the task before it and was able to broach the topic of gas transit over and above the discussion of the situation in the Donbas, said Ukrainian Prime Minister Oleksiy Honcharuk, who warned that future negotiations could prove difficult.

    “We did not agree on a contract, but that was not supposed to happen in Paris. Ukraine will continue to negotiate on gas, it could be difficult, it could be with a gas war,” Honcharuk wrote on Facebook.

    The …

  • Kyiv rejects Kremlin’s gas proposal

    Yuriy Vitrenko, business development director of Naftogaz of Ukraine, wrote a comment on Facebook about Russian Prime Minister Dmitry Medvedev’s suggestion that Russia and Ukraine withdraw all gas-related disputes and claims.

    Medvedev had said previously that Russia and Ukraine will have to reach an agreement that both parties like. “Whether they want it or not, it’s clear that in this situation we’ll have to come some sort of zero option,” said the prime minister, noting that Kyiv could buy …

  • Kyiv is ready to accept payment of Gazprom's debt with gas

    Executive Director of Ukraine’s Naftogaz Group Yuriy Vitrenko wrote on his Facebook page that negotiations between the heads of Ukraine's Naftogaz, Russian gas giant Gazprom and the new Ukrainian pipeline operator, “ Ukraine’s GTS (gas transmission system) operator”.

    According to him, they talked about the future gas transit. He said that the European Commission asked the parties to discuss the settlement of the past claims and current rulings of the Stockholm Chamber of Commerce. Gazprom …

  • Kyiv: Ukraine has collected $2.1 billion from Russia’s Gazprom

    Naftogaz CEO Andriy Kobolyev told LigaBusiness in an interview that, in reality, the company has managed to collect $2.1 billion from Gazprom in the form of gas that Ukraine did not completely pay for, in other words 45% of the compensation awarded to Kyiv by the Arbitration Institute in February 2018. Kobolyev noted that the amount went “almost entirely to the Ukrainian budget”. According to him, taking into account the accrued interest, Kyiv is still planning to collect another $3 billion …

  • Putin calls Ukraine’s gas transit terms unacceptable

    Ukraine has proposed economically unacceptable terms for gas transit, said Russian President Vladimir Putin at a press conference on Wednesday after meeting with Serbian President Aleksandar Vucic in Moscow, the Kremlin’s press service reports.

    “We are prepared to keep Ukrainian transit, we are currently conducting negotiations about it in Vienna. While’s it’s true that the terms offered to us by the Ukrainian transiters are possible, they’re still economically unacceptable. But I hope that it’ …

  • Europe prepares for gas war between Russia and Ukraine

    Countries in the EU have been buying increased quantities of gas for commercial and strategic reservoirs, filling all the available underground gas storage almost to the brim, in light of growing risks that the current gas war between Russia and Ukraine will escalate this winter.

    In just over 3 weeks time, the current contract for the transit of Russian gas through Ukraine will expire. To this day, despite Russia’s annexation of Crimea and the war in the Donbas, nearly half of the gas supplied …

  • 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. …