Contents tagged with Russian gas

  • Russia's Gazprom starts dismantling Turkish Stream pipeline

    Gazprom has abandoned the hope of turning the Turkish Stream project into a gas pipeline for mass exportation to Europe.

    As Interfax reported on Monday, the Russian gas company is preparing to begin dismantling the Southern Gas Corridor pipelines which were initially constructed for the South Stream and were later transferred to the Turkish Stream.

    According to the plan, the Turkish Stream was supposed to supply Turkey and the EU with 63 billion cubic meters of gas per year. However, a …

  • Members of European Parliament call on EU to reduce dependence on Russian gas

    In a joint statement published on Tuesday, March 6, three Members of the European Parliament (MEPs) expressed the opinion that recent actions by Gazprom should push the European Union (EU) to reduce dependence on gas and oil from Russia. Deutsche Welle has reported on this. These individuals are David McAllister, Chair of the European Parliament’s Foreign Affairs Committee; Dariusz Rosati, Co-Chair of the Delegation to the EU-Ukraine Parliamentary Association Committee; and Michael Gahler, …

  • Putin: Nord Stream-2 project is not an alternative to Ukrainian transit route

    At the press conference following negotiations with Chancellor of Austria Sebastian Kurz, Russian President Vladimir Putin stated that the Nord Stream-2 gas pipeline project is absolutely, politically unbiased and that it is not an alternative to the Ukrainian gas transit route.

    "You know what our position is. We support the implementation of this project, which is entirely politically unbiased. This is absolutely economic, moreover, this project is absolutely commercial," TASS reported the …

  • Polish President says he is surprised that EU wants to continue being dependent on Russia's Gazprom

    During an official visit to the Lithuanian capital, Polish President Andrzej Duda criticized Nord Stream-2, a gas pipeline between Russia and Germany that would bypass Poland, Ukraine and the Baltic states, Polskie Radio reports.Duda said, "I want to express my surprise that the EU, particularly the more Western members, wants to become dependent on Gazprom, the Russian gas monopoly.”

    He said, "We (Poland) have experience [with Russia]. We are also keeping an eye on the experience of Ukraine, …

  • Naftogaz: decision of Stockholm arbitration court on Gazprom case reduces the price of Russian gas delivered to Ukraine

    The decision of the Stockholm Arbitration reduces the price of Russian gas for Naftogaz of Ukraine by $ 20 to $50 per thousand cubic meters, in comparison with the old formula price, as stated by the chief commercial director of Naftogaz, Yuriy Vitrenko on ICTV channel

      “A price under the new contract will be significantly lower than the old formula price. Now the difference is about 20$. However, this amount will fluctuate depending on the season, for example, in the second quarter the …

  • Nord Stream 2 shareholders have invested about $3 billion in the project

    Paul Corcoran, CFO of the project company Nord Stream 2 AG, has stated that as of the end of 2017, shareholders in Nord Stream 2, including the Russian company Gazprom, have provided approximately $3 billion toward construction of the gas pipeline project along the bottom of the Baltic Sea. This was reported by Interfax.

    Gazprom's partner companies in the construction of Nord Stream 2 include Royal Dutch Shell, Engie, OMV, Uniper and Wintershall. They are committed to financing 50% of the …

  • Russian liquefied gas delivered to the United States despite sanctions

    Despite the new sanctions against Russian energy companies, which the US Treasury announced on Friday, the first batch of Russian-made liquefied natural has been delivered to the United States this weekend.

    As confirmed by Luke Pinneo, the representative of the US Coast Guard, the Gazelys tanker belonging to the French company Engie entered the territorial waters of the United States on Wednesday and is currently anchored in the Gulf of Massachusetts, the Voice of America reports.

    "They plan …

  • Head of Naftogaz: Ukraine is mandated to buy Russian gas

    The purchase of Russian gas is beneficial from the point of view of commercial logic, since the court set the price of gas purchases below European market value, stated Andriy Kobolyev, the chairman of the board of Naftogaz of Ukraine on Channel 5 TV.

    Kobolyev said, “We have completely annulled $56 billion and this cancellation was not for nothing. The court believes that the contract still exists. Half of the import needs is exactly the balance between Russia and Europe with the line between …

  • Ukrainian Naftogaz and Russia’s Gazprom to begin negotiations on gas delivery to Ukraine

    According to the Chief Commercial Officer of Naftogaz, Yuriy Vitrenko, Naftogaz of Ukraine and Gazprom will soon start negotiations on the implementation of the Stockholm Arbitration Court decisions within the contract of purchase of Russian gas, UNIAN reports.

    "Negotiations will start in the coming days. We won’t disclose the details. It’s about the implementation of the final decision on the gas contract,” he said.

    Vitrenko noted that according to the Stockholm Arbitration Court decision, …

  • Ukrainian Politician: in 2014 Kyiv considered detonating gas transit pipeline connecting Russia to Europe

    The Deputy Minister for Temporarily Occupied Territories and Internally Displaced Persons of Ukraine, Yuriy Hrymchak, stated on ZIK TV that in 2014-2015, the Ukrainian authorities considered blowing up the Russian gas pipeline that goes through the entirety of Ukraine and brings gas into the countries of Europe.

    “Look at 2014-2015.. Do you think there were no plans to blow up the gas transmission system? <...> I am telling you about the plans at the state level,” Hrymchak said.

    According to …