Contents tagged with Gazprom
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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 …
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Kyiv rejects Kremlin’s gas proposal
Yuriy Vitrenko, business development director of Naftogaz of Ukraine, wrote a comment on Facebook about Russian Prime Minister Dmitry Medvedev’s suggestion that Russia and Ukraine withdraw all gas-related disputes and claims.
Medvedev had said previously that Russia and Ukraine will have to reach an agreement that both parties like. “Whether they want it or not, it’s clear that in this situation we’ll have to come some sort of zero option,” said the prime minister, noting that Kyiv could buy …
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Kyiv is ready to accept payment of Gazprom's debt with gas
Executive Director of Ukraine’s Naftogaz Group Yuriy Vitrenko wrote on his Facebook page that negotiations between the heads of Ukraine's Naftogaz, Russian gas giant Gazprom and the new Ukrainian pipeline operator, “ Ukraine’s GTS (gas transmission system) operator”.
According to him, they talked about the future gas transit. He said that the European Commission asked the parties to discuss the settlement of the past claims and current rulings of the Stockholm Chamber of Commerce. Gazprom …
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Kyiv: Ukraine has collected $2.1 billion from Russia’s Gazprom
Naftogaz CEO Andriy Kobolyev told LigaBusiness in an interview that, in reality, the company has managed to collect $2.1 billion from Gazprom in the form of gas that Ukraine did not completely pay for, in other words 45% of the compensation awarded to Kyiv by the Arbitration Institute in February 2018. Kobolyev noted that the amount went “almost entirely to the Ukrainian budget”. According to him, taking into account the accrued interest, Kyiv is still planning to collect another $3 billion …
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Russia: negotiations on gas transit through Ukraine to take place next week
Russian Energy Minister Alexander Novak said that talks between Russia, Ukraine and the European Union on gas transit could take place next week, reports TASS.
The meeting was initially scheduled for December 5. However, Ukrainian Energy Ministry confirmed that this round of negotiations will not take place. The Ukrainian Ministry noted that "the date has not yet been confirmed."
According to Novak, the parties can meet "at any time." The primary condition is that Gazprom and Naftogaz prepare …
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Putin calls Ukraine’s gas transit terms unacceptable
Ukraine has proposed economically unacceptable terms for gas transit, said Russian President Vladimir Putin at a press conference on Wednesday after meeting with Serbian President Aleksandar Vucic in Moscow, the Kremlin’s press service reports.
“We are prepared to keep Ukrainian transit, we are currently conducting negotiations about it in Vienna. While’s it’s true that the terms offered to us by the Ukrainian transiters are possible, they’re still economically unacceptable. But I hope that it’ …
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Europe prepares for gas war between Russia and Ukraine
Countries in the EU have been buying increased quantities of gas for commercial and strategic reservoirs, filling all the available underground gas storage almost to the brim, in light of growing risks that the current gas war between Russia and Ukraine will escalate this winter.
In just over 3 weeks time, the current contract for the transit of Russian gas through Ukraine will expire. To this day, despite Russia’s annexation of Crimea and the war in the Donbas, nearly half of the gas supplied …
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Ukraine and Russia discuss settling $3 billion arbitration dispute using gas
Ukraine and Russia are discussing the possibility of Gazprom paying the $3 billion owed by it according to the Stockholm Arbitration Institute’s ruling using gas, said Naftogaz executive director Yuriy Vitrenko in a broadcast of Radio NV.
“[Russian Energy] Minister Novak, who was at the talks, admitted that they are discussing the matter of implementing the arbitration ruling by supplying the corresponding amount of gas. We see some progress in the public statements. We’re talking about $3 …