Contents tagged with Russian gas

  • Poland finds violations in Gazprom contracts

    Poland’s Supreme Audit Office (NIK) has discovered violations in gas contracts made with Gazprom between 2009-2010, according to a document published on the NIK’s website.

    The document states that former Polish Economy Minister Waldemar Pawlak made agreements with the Russian company “without the needed backing in the form of an approved negotiation instruction, and after the approval of such instructions, some of the agreements were incompatible with the obligatory principles”.

    The NIK also …

  • Stockholm Arbitration Court supports Poland’s demand for a reduction in gas prices from Gazprom

    In the interim judgment on the claim of the Polish oil and gas company PGNiG, the Stockholm Arbitration Court ruled that it can demand that the Russian gas monopoly Gazprom reduce gas prices, as evidenced by the partial decision of the Court published by the press-service of the PGNiG.

    The Polish company has the right to demand lower prices for Gazprom’s Russian gas within under the so-called Yamal contract, the long-term contract under which the Russian company supplies Poland with gas.

    The …

  • Russia considers running Turkish Stream Gas pipeline through Bulgaria

    Following talks with Bulgarian Prime Minister Boyko Borisov, Russian President Vladimir Putin said that Gazprom was "working out in practical terms" the construction of a second gas line stretching from Turkey to Bulgaria for Turkish Stream, which is intended for the transit of Russian gas through Turkey to the countries of the Southeast Europe, reported the newspaper Kommersant.

    Initially, Gazprom was considering two routes – one through Greece to southern Italy (nicknamed the Poseidon …

  • Russia provides Turkey with retroactive 10.25% discount on gas

    Anadolu news agency reports that Turkish President Recep Erdogan has announced that an agreement has been reached with Russia, according to which Moscow will retroactively provide a discount on gas delivered to Turkey in 2015 and 2016.

    "After long discussions, an agreement was reached on a 10.25% discount on gas delivered in 2015 and 2016. The difference in payment for these two years, namely $1 billion, will be returned to Turkey," the President said.

    Gazprom had canceled discounts on gas …

  • Ukrainian President: Nord Stream 2 must be stopped

    Ukrainian President Petro Poroshenko has stressed the necessity of stopping the Nord Stream 2 gas pipeline project from being realized.

    “Nord Stream 2 is not an economic project, it will harm European unity and must be stopped,” the president tweeted.

    As Ukrinform reports, at a joint press conference with Estonian President Kersti Kaljulaid, Poroshenko said that Ukraine is prepared to give every guarantee concerning the reliability and effectiveness of gas transit through Ukraine.

    “Ukraine …

  • US Ambassador to Germany: Nord Stream-2 is not in Europe's interests

    US Ambassador to Germany Richard Grenell criticized the Nord Stream 2 project during an interview with Funke Mediengruppe.

    He stated that many in Germany are concerned about the implementation of the pipeline project. "It's about Russian influence," said the Ambassador.

    Grenell added that the US is working closely with Europeans who share the US’ concerns. According to the diplomat, the current pipeline construction strategy is "very problematic."

    Margrethe Vestager, European Commissioner …

  • Germany: Ukraine should not be afraid of Nord Stream 2

    Berlin is ready to mediate in the talks between Moscow and Kyiv on the construction of the Nord Stream-2 gas pipeline, Michael Harms, executive director of the German Committee on Eastern European Economic Relations, told the press agency DPA.

    Harms stressed that the main issue is the volume of gas that will be supplied through Ukraine after the implementation of the project.

    He argues that Kyiv should not be afraid of a complete cessation of supplies, since the North Stream-2 will not …

  • Media: Ukraine's Naftogaz begins purchasing gas from Russian Gazprom

    National joint-stock company Naftogaz of Ukraine has started purchasing gas from Russian Gazprom since Wednesday, April 25, reports by the Ukrainski Novyny news agency, citing a source in the gas market.

    According to the source, the purchased gas is being transported through Sudzha station. The total volume of supplies is 21 million cubic meters.

    The import of gas from Russia to Ukraine was suspended on November 25, 2015. On March 1, Deputy Chairman of the Management Committee of Gazprom …

  • Russia's Gazprom claims it is ready to build Nord Stream 3 pipeline

    Gazprom is ready to construct Nord Stream 3 if the European Union confirms the need for Russian gas, as stated by Deputy Chairman of the Management Committee of Gazprom Alexander Medvedev on channel Russia-24.

    “We have proven reserves, we have transportation, we are building new transport routes. If Europe expresses its needs and is ready to sign the necessary contracts, I won’t rule out the need for more new gas transportation projects such as Nord Stream 3,” RIA Novosti cites Medvedev. …

  • Brussels and Berlin promise the transit of gas through Ukraine will continue after construction of Nord Stream-2 pipeline

    Officials in Brussels and Berlin have promised to preserve the transit of gas through Ukraine after construction of the Nord Stream-2 pipeline, The Ukrinform news agency reports, citing a statement by the German Minister of Economy and Energy, Peter Altmaier, and Vice President of the European Commission for Energy, Maros Sefcovic.

    “I must say that Ukraine, despite being in a difficult situation in the past several years, managed to deliver safely through its territory 97 billion cubic meters …