Contents tagged with Gazprom

  • Kyiv: Extending old Russian gas transit contract would be pointless

    It would make no sense for Kyiv to extend the current gas transit contract with Moscow beyond January 1, 2020, said Naftogaz CEO Andriy Kobolyev while speaking at the Ukrainian Gas Forum, UNIAN reports.

    “It’s hard for me to imagine why the new gas transport system operator, why the Ukrainian party would be interested in extending the old contract,” he said.

    In Kobolyev’s opinion, there should be a new contract exclusively with the new operator and based solely on European regulations.

    In …

  • Russia may build gas pipeline from Crimea to Europe

    Russian Energy Minister Alexander Novak expressed the opinion that the gas pipeline from Crimea to Europe could be built in the future, but the Russian government is not considering this idea now, reports TASS news agency.

    "The Energy ministry has not thought about it. But in the future, such projects can be discussed," said Novak at the Russian Energy Week forum.

    The Minister added that to date, Russia's actions on the Peninsula were aimed to ensure reliable energy and gas supply to the …

  • Russia doesn't exclude possibility of Nord Stream 2 construction bypassing Denmark

    Russian Energy Minister Alexander Novak, speaking at the Russian Energy Week, said that if Denmark does not issue a permit to lay the Nord Stream 2 gas pipeline through its territorial waters, Russia has other route options. According to him, if the route changes, "the project will then be more expensive, and its implementation will take longer." The Minister noted that now Russia counts on the main route and sees "no reason" for Denmark not to issue the permit.

    "We see fierce competition and …

  • 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 …

  • Ukraine may resume direct purchases of Russian gas

    Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel said during a press briefing that the Ministry does not exclude the option of buying gas directly from Russia.

    "The Russian side raised the issue of direct supplies, and we agreed that further discussion of this issue in the framework of consultations should be based on market conditions. That means that the price should be based according to the market, and the conditions and trends that are in the European market," he …

  • Ukraine presents new gas transit contract to Russia and EU

    At the recent trilateral negotiations, Ukraine presented a draft of the new gas transit contract to the EU and Russia, said Ukrainian Energy Minister Oleksiy Orzhel, as cited by Ukrainski Novyny news agency.

    “Ukraine presented draft contracts to the parties. It’s a roadmap of how, by January 1 next year, we will obtain an independent certified operator, a draft interconnector contract, and a draft transit contract,” Orzhel told the press after the meeting.

    The minister emphasized that Ukraine …

  • Russia offers Ukraine to settle trade disputes and resume short-term gas supply

    At the trilateral consultations between Ukraine, Russia and the EU, Russia offered to resume the direct supply of Russian gas to Ukraine until Ukraine’s regulatory framework and legislation is ready. According to the TASS news agency, this was announced by Russian Energy Minister Alexander Novak.

    Novak said that Russia is willing to operate in line with the new European legislation and to reserve capacity for gas transit through Ukraine.

    “The discussion was very constructive, we heard that …

  • Russia’s Gazprom starts selling gas to itself

    Following the declining demand for Russian gas in Europe, plummeting spot prices at gas hubs and a whopping cash gap in the budget, the Russian gas monopoly Gazprom has resorted to selling gas to itself, finanz.ru reports.

    In the first half of the year, the company’s gas exports to Europe fell by 8.9%. In the first six days of August, the export volume had dropped by as much as 22%.

    Russia’s Interfax news agency reports that Gazprom has been assisted by a mysterious client, which bought …

  • Kyiv suggests that Russia’s Gazprom use Ukrainian gas transit system instead of OPAL

    The CEO of the Ukrainian gas company Naftogaz, Andriy Kobolyev, stated on his Facebook page that gas supplies, which Gazprom used to provide through OPAL gas pipeline, could be conducted through the gas transportation systems (GTS) of Ukraine and Slovakia.

    "If Gazprom wants to continue delivering the same gas volumes to the same places as it used to do through the OPAL pipeline, but using a shorter route, the Ukrainian and Slovak gas transportation systems will easily cope with this. Ukrainian …

  • US to help Ukraine get over winter without Russian gas

    US Department of Energy will send experts to Ukraine to help Kyiv avoid possible disruptions of energy supplies from Russia, reports US Embassy in Ukraine on its Facebook page. American experts will help to create an action plan for the coming winter season. They will think of ways to respond to energy shortages.

    Negotiations between Russia, Ukraine and the European Union on extending the Russian gas transit through Ukraine will take place on September 19. Ukraine's current contract with …