Contents tagged with Naftogaz
The Russian gas monopoly Gazprom has disclosed new details on the attempts made by Naftogaz of Ukraine to seize its assets in order to implement the ruling of the Stockholm Arbitration Institute, which ordered Gazprom to pay the Ukrainian company more than $2.5 billion in compensation, Radio Liberty reports.
According to Gazprom’s latest financial report, on 15 February, Naftogaz notified the Gazprom subsidiary “Gaz Capital” and the largest banks in Luxembourg that all of Gazprom’s assets and …
During the press conference of the Ukrainian national gas company Naftogaz, the executive director of the Ukrainian company, Yuriy Vitrenko, announced that in the upcoming negotiations Naftogaz plans to offer Gazprom to book 60 billion cubic meters of transit capacity of the Ukraine gas transmission system for a period of ten years. This press service was broadcast on the official Naftogaz account on Facebook.
He noted that the company would provide a capacity of 90 billion cubic meters per …
Gazprom has started the process of officially notifying the countries bordering Ukraine that the transit of gas through the territory of Ukraine will stop from the beginning of next year, Head of Naftogaz Andriy Kobolyev said in an interview with RBC Ukraine.
“Gazprom is already officially notifying the countries that border Ukraine or are dependent on our transit that there will be no transit of gas from the beginning of 2020,” Kobolyev said without citing any sources.
In March, the …
The Minister of Energy Alexander Novak, in an interview with Gazeta.ru, stated that gas transit through Ukraine to Europe costs Russia 2-2.5 times more than other routes, including Yamal-Europe and Nord Stream-1.
“This is primarily since the Ukrainian gas transport system was created about 50 years ago, the minister explained. Back then the technology was still old, with high depreciation of fixed assets, and large losses during gas transport.”
According to him, the implementation of new …
In an interview with the Ukrainian magazine Novoe Vremya, Naftogaz CEO Andriy Kobolyev discussed the progress that has been made in the implementation of the Stockholm Arbitration Institute’s ruling that awarded Naftogaz $2.56 billion.
“Gazprom has tens of billions of dollars in property abroad. We have already seized it to an amount which exceeds the amount of Gazprom’s debt to us,” UNIAN cites Kobolyev as saying.
Kobolyev explained that in the Netherlands, Switzerland and the UK, Gazprom’s …
Naftogaz Ukraine intends to procure the services of legal advisers for its lawsuits against Russia in 2019 demanding compensation for seized Crimean assets, the Ukrainian company’s press service reports.
According to a notice on Naftogaz’s official website, the international legal firm Covington & Burling LLP will represent the country’s interests in the lawsuit against Russia for compensation of losses caused by the illegal expropriation of the company’s assets in Crimea.
“We expect the …
Naftogaz CEO Andriy Kobolyev announced that in 2019, the Ukrainian company would continue negotiations on the transit of Russian gas through Ukraine. He stressed that the format of the negotiations will remain trilateral and not directly with Gazprom.
"We rely on European law and Ukraine's interests and will start negotiations with Gazprom on further transit solely in the trilateral format with the participation of the European Commission,” Kobolev wrote on Facebook .
In late December, …
In an interview with Radio Krym (Crimea), Russian head of Crimea Sergei Aksenov said that he is considering the possibility of sending to Syria the Chornomornaftogaz drilling rigs which were captured during the annexation of Crimea.
“Today’s economy presupposes that if there are proposals from major players, who have certain resource capabilities, that would allow us to increase the number of facilities where we can produce oil and gas, then, of course, there is a possibility of public-private …
Naftogaz of Ukraine appealed to the courts of the Northern and Southern districts of Texas with claims against the American division of Gazprom Marketing & Trading (GM&T USA, subsidiary of the Gazprom group) and consulting company DeGolyer & MacNaughton (lead auditor of oil and gas refineries), Kommersant reported.
The newspaper reported that Naftogaz requested the court to oblige the respondents to provide information and access to documents that will allow the Ukrainian company to file a new …
Ukraine’s national oil and gas company Naftogaz recovered $3.8 million received in overpayment from Gazprom for the transit of gas in October towards the amount that Gazprom is obliged to pay according to the decision of the Stockholm Arbitration Court.
“Naftogaz of Ukraine sent a statement to Gazprom about withholding the funds received for transit of gas this October in the amount of $3.8 million as payment of a fine that the Russian monopoly owes according to the Arbitration decision from …