Contents tagged with Gazprom
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 …
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 …
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 …
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 …
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 …
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 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 …
Russia’s gas monopoly Gazprom has initiated a new arbitration case against Naftogaz, since it lost the previous case. By the end of October, the Ukrainian company will present its counterclaims, Naftogaz executive officer Yuriy Vitrenko told UNN in a comment.
“Gazprom has initiated a new arbitration case after it lost the previous one. In the new arbitration case, Gazprom’s demands are essentially that they want to revoke the decision of the previous arbitration case – at least so that they do …
The Court of Justice of the European Union ruled in favor of Poland in its dispute with Russian gas company Gazprom over the Opal pipeline, reports the Polish Energy Ministry on Twitter.
"The court overturned the decision of European Commission, that was giving the Russian concern the right to use the 100% of pipeline," reads the message of the the Polish Energy Ministry. The press service of the court stated that the previous order violated the principle of energy solidarity.
Polish Minister …
The Russian gas monopoly Gazprom said that before a new transit contract with Ukraine can be discussed, arrangements for supplying gas to Ukraine must be made.
During a meeting with Russian President Vladimir Putin, Gazprom CEO Alexey Miller said that “the matter of the transit contract is extremely important, but nevertheless the primary issue is whether or not Ukraine will buy Russian gas on a direct contract”.
According to Miller, this will determine the capacity that Gazprom should …