Contents tagged with Naftogaz

  • Ukraine finds a way to block Nord Stream 2

    Kyiv has threatened to dispute the amendments made by members of Germany’s ruling coalition to the EU’s new gas directive which, once adopted, will allow the Nord Stream 2 gas pipeline to bypass the restrictions. Ukraine’s trade representative, Deputy Minister of Economic Development, Trade and Agriculture Taras Kachka, warned about this yesterday.

    According to him, such an initiative will lead to lengthy legal procedures, which will block the operation of the Russian pipeline, Interfax …

  • Russia wants Ukraine’s Naftogaz to ‘understand and forgive’ $22 billion

    Andriy Kobolyev, CEO of Naftogaz of Ukraine, has commented on the statements by Russian President Vladimir Putin and his press secretary Dmitry Peskov that the reciprocal lawsuits should be dropped before Russia and Ukraine sign a new gas transit contract.

    According to Kobolyev, Russia essentially wants Ukraine to waive a $22 billion claim, without Russia taking any equivalent steps.

    “For Naftogaz, continuing the transit of Russian gas is a strategic task. But this problem must be viewed in …

  • Ukraine's Naftogaz files new lawsuit against Gazprom in Stockholm Arbitration

    The Managing Director of the Ukrainian gas company Naftogaz Yuriy Vitrenko reported on his Facebook page that the Ukrainian company filed a new lawsuit against the Russian gas giant Gazprom in the Arbitration Institute of the Stockholm Chamber of Commerce. The new lawsuit involves the contract for gas transit.

    These are the counterclaims that the Ukrainian side files against the Russian company. "It was our turn to file a statement of protection and counterclaims. The number of pages of the …

  • Russia offers to share Nord Stream 2 gas transit profit with Europe

    At the recent trilateral talks on gas transit through Ukraine, the Russian delegation brought up the topic of authorization for the completion of the Nord Stream 2 gas pipeline, Naftogaz CEO Andriy Kobolyev wrote in a Facebook post.

    “This issue was brought up in a bilateral format, where the Ukrainian party was not present. However, as sources from the European Commission told me, there was one interesting point among Gazprom’s arguments: Our project is not only purely commercial, it is …

  • Ukrainian Naftogaz prepares new lawsuit against Gazprom

    Executive Officer of the Ukrainian gas company Naftogaz Yuriy Vitrenko reported on his Facebook page that Naftogaz has started preparing a new lawsuit against Russian gas giant Gazprom.

    Vitrenko made this comment after the negotiations between Russia, Ukraine, and the European Commission in Brussels on the future of the Russian gas transit through Ukrainian territory.

    "No agreements were made. But I did not waste time because I worked on the claims against Gazprom in the new arbitration …

  • European Commission: negotiations with Russia on gas transit through Ukraine have failed

    The European Commission is disappointed with the results of the trilateral negotiations on Russian gas transit through Ukraine, said Maros Sefcovic, Vice President of the Energy Union, after meeting with the Russian and Ukrainian energy ministers, Alexander Novak and Oliksiy Orzhel, in Brussels.

    According to Sefcovic, the Russian delegation refused to make concessions, even though there are only two months left in which to reach an agreement. Gazprom’s current contract with Kyiv expires on …

  • Kyiv denies resuming gas supply to LPR and DPR

    Naftogaz of Ukraine has refuted reports of it resuming the natural gas supply to the temporarily occupied territories of the Donetsk and Luhansk regions.

    “The news that we are going to supply gas to the Luhansk People’s Republic (LPR) and Donetsk People’s Republic (DPR) is a fake. If we are ordered to supply gas to these Ukrainian territories before they are liberated and without the ability to collect money for this, we’ll tell you,” Naftogaz wrote on Facebook.

    At present, decree No. 867 …

  • Kyiv to demand compensation from Gazprom for gas transit termination

    "Naftogaz of Ukraine intends to demand from Gazprom compensation for alleged losses from the termination of gas transit from Russia to Europe. On November 1, we will send our claims to Gazprom for more than $11 billion," wrote Chief Commercial Officer of Naftogaz Yuriy Vitrenko on his Facebook page.

    A day before, during a meeting with Russian Prime Minister Dmitry Medvedev, Gazprom's CEO Alexey Miller stressed the need to settle legal disputes before the conclusion of a new contract with Kyiv. …

  • Russian gas giant Gazprom offers Ukraine to forget the past and start from scratch

    Russian gas giant Gazprom offered Ukrainian company Naftogaz to use a so-called "zero option" in terms of finances and verdicts of the Arbitration Institute of the Stockholm Chamber of Commerce.

    "The zero option is the absence of mutual claims from the finance point of view," said Russian Energy Minister Alexander Novak as cited by RIA Novosti. Novak proposed this option at the end of the trilateral negotiations on gas in Brussels.

    According to Novak, Russia believes that the relationship …

  • Russia’s Gazprom and Ukraine’s Naftogaz prepare new lawsuits against each other

    Russia’s gas monopoly Gazprom has initiated a new arbitration case against Naftogaz, since it lost the previous case. By the end of October, the Ukrainian company will present its counterclaims, Naftogaz executive officer Yuriy Vitrenko told UNN in a comment.

    “Gazprom has initiated a new arbitration case after it lost the previous one. In the new arbitration case, Gazprom’s demands are essentially that they want to revoke the decision of the previous arbitration case – at least so that they do …