Contents tagged with Naftogaz

  • Ukraine's Naftogaz threatens to seize Nord Stream 2 assets in Europe

    Yuriy Vitrenko, Director for Business Development for Naftogaz Ukraine, has said that the company may appeal to the Swiss court to arrest shares of Nord Stream AG and Nord Stream 2 AG in connection with the recovery of debt from Gazprom. The debt recovery was mandated as part of a decision by the Stockholm Arbitration Court.

    "For example, gas. If Gazprom's gas is stored in underground storage facilities in Europe, we can seize it. Or if gas is supplied to Europe, we can seize it too. Gazprom …

  • Naftogaz: Gazprom refuses to comply with Stockholm Court decision on gas supply and transit through Ukraine

    Russia’s  Gazprom has refused to comply with the decisions of the Stockholm Arbitration Court regarding the supply and transit of gas through Ukraine, as reported by the press service of Naftogaz Ukraine following the results of talks held last week, Interfax-Ukraine reports.

     “Gazprom made clear that the Russian gas monopoly refuses to resume deliveries to Ukraine as ordered by the Arbitration Tribunal in the Gas Sales Case concluded in December last year, and refused to confirm that it will …

  • Russia's Gazprom and Ukraine's Naftogaz begin negotiating contracts termination

    Last week, Russia’s Gazprom and Ukraine’s Naftogaz began negotiations on the contracts termination for the supply and transit of gas. According to Interfax, this was announced by Alexander Medvedev, Deputy Chairman of the Board of Gazprom.

    "Yes, indeed, last week the meeting between Gazprom and Naftogaz took place. The negotiation on the procedure of contracts termination for the supply and transit of gas has begun," he said. Medvedev added that Gazprom notified the Ukrainian company of its …

  • 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 …