Contents tagged with Gazprom
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Russia agrees to pay $3 billion compensation to Ukraine's Naftogaz
Ukrainian President’s Aide Andriy Yermak said that after the gas transit talks in Minsk, the Russian side agreed to pay Ukraine $3 billion of compensation according to the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce, reports Hromadske.
"We are returning home with excellent news, and we will have a transit contract on favorable terms for Ukraine. Thanks to these arrangements, Ukraine will receive $3 billion according to the ruling of the Stockholm arbitration court," …
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Nord Stream 2 contractor suspends work on pipeline as US sanctions take effect
Swiss pipeline installation and subsea construction company Allseas, which is working on Nord Stream 2 gas pipeline, suspended the construction activities, reported the press service of the company.
Allseas indicated that such a decision was made "in anticipation of the enactment of the National Defense Authorization Act (NDAA)," which includes sanctions against the operators of the Nord Stream 2 gas pipeline. "Allseas will proceed, consistent with the legislation's wind down provision and …
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US sanctions against Nord Stream 2 pipeline come into effect
US President Donald Trump has signed a package of sanctions, which were previously approved by Congress and the Senate, against companies involved in the construction of the Nord Stream 2 gas pipeline. The bill came into effect. The punitive measures are included in the new US National Defense Authorization Act for 2020, which Trump signed on December 21.
The bill provides for restrictions against foreign companies providing vessels for the construction of Nord Stream 2 and TurkStream …
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Russia and Ukraine reach agreement on gas transit
After hours of talks between representatives of Russia and Ukraine in Berlin on December 19, Vice President of the European Commission Maroš Šefčovič said that after months of negotiations Russia and Ukraine reached an agreement in principle on gas transit. Germany and the European Union mediated the negotiations.
According to Šefčovič, the agreements that were reached at the meeting will be additionally discussed in Moscow and Kyiv on December 20. He called the outcome of the talks in Berlin …
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US Senate approves sanctions against Nord Stream 2
The US Senate has approved the National Defense Authorization Act (NDAA) for the 2020 financial year, which obligates the White House to impose sanctions on the Russian gas pipelines Nord Stream 2 and Turkish Stream.
On December 11, the House of Representatives voted in favor of the NDAA, and now the 3,500-page document is on President Donald Trump’s desk, awaiting his signature.
Certain points of the document, which raises the US’s annual military expenditure by 3.1% to $738 billion, impose “ …
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Kyiv: all of Europe is interested in stopping Nord Stream 2
Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba said that the US sanctions against the Nord Stream 2 pipeline should be applied as soon as possible, reports Ukrinform news agency. According to him, not only Ukraine but also all of Europe is interested in stopping the construction of the pipeline.
According to Kuleba, Nord Stream 2 pipeline is a political, not an economic project. He explained that the pipeline will create a security imbalance in Europe …
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Finland and Estonia launch Balticconnector gas pipeline
On December 11, ceremonies to mark the commissioning of the Estonian-Finnish gas pipeline Balticconnector were held simultaneously in Paldiski (Estonia) and Helsinki (Helsinki), reports Delfi news outlet.
The gas pipeline was launched by the Estonian President Kersti Kaljulaid and Finnish President Sauli Niinistö.
The length of the underwater part of the Balticconnector gas pipeline from Paldiski to Inkoo municipality in Finland is 77 km. The land part covers 55 km in Estonia and 21 km in …
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Gazprom tells Russians to prepare for the end of cheap gas within Russia
The revenue from exporting natural gas is no longer sufficient to subsidize Gazprom’s operation within Russia’s internal market, where the gas prices are one third of what they are in Europe, said Viktor Yatsenko, deputy head of Gazprom’s economic analysis and pricing department, at the Gas Russia 2019 forum.
“Let’s be honest with each other and admit that this ‘junction’, when we supported the internal market through export, this situation will probably no longer continue,” said the senior …
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Ukrainian Prime Minister warns of possible ‘gas war’ with Russia
During the Normandy Format summit, Ukraine achieved the task before it and was able to broach the topic of gas transit over and above the discussion of the situation in the Donbas, said Ukrainian Prime Minister Oleksiy Honcharuk, who warned that future negotiations could prove difficult.
“We did not agree on a contract, but that was not supposed to happen in Paris. Ukraine will continue to negotiate on gas, it could be difficult, it could be with a gas war,” Honcharuk wrote on Facebook.
The …
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US Congress initiates sanctions against Nord Stream 2
US Congress has found a way to help Russian President Vladimir Putin to reach an agreement with Ukraine on gas transit to Europe.
A few hours after the Normandy Format summit in Paris, where Putin and Ukrainian President Volodymyr Zelensky were unable to agree to withdraw all gas disputes or to sign a new transit contract, the US gave the green light to sanctions against Russia’s Turkish Stream and Nord Stream 2 projects.
The amendment on sanctions against the two gas pipelines, which Russia …