Contents tagged with Gazprom
-
Ukraine received 26.5 mln cubic meters of gas from Europe since the beginning of March
During the first four days of March, Ukraine received 26.5 million cubic meters of natural gas from European Union countries, as announced by the Ukrainian Ministry of Energy and Coal Industry.
The Ministry specified that 17 million cubic metres was obtained from Slovakia, 7 million cubic meters from Hungary, and 2.5 million cubic meters from Poland.
As reported, on March 2nd, the National Joint-Stock company, Naftogaz of Ukraine and the Polish company, PGNiG signed a contract for the urgent …
-
Head of Ukraine's Naftogaz believes termination of Gazprom’s contract was Kremlin’s decision
Naftogaz CEO Andriy Kobolyev expressed the opinion that Gazprom’s decision to terminate its contracts with the Ukrainian company originated in the Kremlin.
“The decision to refuse to perform the contract was not made by Gazprom. I believe that it was made in the Kremlin,” Kobolyev said in an interview with The Wall Street Journal.
According to Kobolyev, Russia reduced the pressure on the gas pipeline for transit to Europe by 20%. The pressure deficiency forced Ukraine to use electric power to …
-
Ukraine and Russia are ready for a dialogue with the European Commission on the gas transit issue
Ukraine and Russia have prepared for close, consistent communication regarding gas transit issues, RIA Novosti reports, quoting a representative of the European Commission. "Ukraine and Russia have confirmed their readiness to remain in close contact with the European Commission," the source said.
According to him, the Vice President of the European Commission for Energy Union, Maroš Šefčovič was informed of Gazprom's intention to terminate contracts with Naftogaz. He also added that all …
-
Gazprom not able to suspend gas transit through Ukraine yet
Despite its statement about the termination of all contracts with Ukraine, Gazprom will not suspend gas transit through Ukraine in the near future, according to a statement made by Gazprom’s Spokesperson, Sergey Kupriyanov, reports RBC news agency.
“If it was any other way, we would say that openly,” said Kupriyanov when asked if the beginning of the Gazprom-Naftogaz contract termination procedure at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) would bring an immediate …
-
Ukraine starts buying gas from Polish PGNiG
Ukrainian Naftogaz and the Polish company PGNiG signed a contract for the supply of gas to Ukraine in March 2018, as reported by the press service of the Ukrainian company.
Supplies began on the morning of March 2nd via the Hermanowice node. During this month, according to the terms of the agreement, the Polish company will supply Ukraine with more than 60 million cubic meters of gas.
At the same time, PGNiG head, Piotr Wozniak, indicated their readiness to increase the volume of supplies or …
-
Russia's Gazprom decided to terminate contracts with Ukraine's Naftogaz after the defeat in Stockholm Arbitration court
Russian Gazprom announced the beginning of the process to terminate contracts with Naftogaz, as reported by the head of Gazprom, Alexey Miller, Russian RNS news agency writes.
"Gazprom is forced to immediately terminate contracts with Naftogaz of Ukraine for the supply and transit of gas as a result of the Stockholm Arbitration," Miller said.
According to him, the arbitration decision on the contracts between Naftogaz and Gazprom violated the balance of interests between the parties and the …
-
Ukraine warns the EU about the 'refusal of Russia's Gazprom to fulfill the gas transit contract'
Ukraine officially warned the European Union that Russia is not adhering to its obligations regarding the transit of gas, and also refuses to comply with the decision of the Stockholm Arbitration Court, as stated by Deputy Foreign Minister of Ukraine, Olena Zerkal on her Facebook page.
According to Zerkal, Gazprom’s current failure to fulfill its contractual obligations and the refusal to implement the decision of the Stockholm Arbitration Court are an emergent threat to the transit of gas to …
-
Ukrainian President: Ukraine's Naftogaz must have Gazprom’s assets seized if it does not pay according to Stockholm arbitration ruling
If the Russian company Gazprom does not pay Ukraine as per the Stockholm arbitration court’s ruling, Naftogaz Ukraine must have Gazprom’s assets seized, Ukrainian President Petro Poroshenko said during a session of the National Security and Defense Council in Kyiv.
“It effectively means that Gazprom must pay Naftogaz just over two and a half billion dollars… If Gazprom does not pay as per the ruling of the Stockholm arbitration court – which it was supposed to start doing yesterday already – …
-
Russia's Gazprom stops gas deliveries to Ukraine
Gazprom received a prepayment for Russian gas supplies in March 2018 from Naftogaz and returned them to the Ukrainian company, due to the absence of an amendment to the contract, Alexander Medvedev, Deputy Chairman of the Russian gas holding, told journalists.
"Gazprom has indeed received funds from Naftogaz of Ukraine to pay for March deliveries of gas. However, as they say, an egg is dearest at Easter. Today an additional agreement to the existing contract with the state-run JSC Naftogaz of …
-
Ukraine’s Naftogaz announces victory over Russia’s Gazprom in transit case in Stockholm Arbitration
Naftogaz reported that it has successfully sued Gazprom for $4.63 billion in a transit dispute at an arbitration court in Stockholm. After deducting payment for already supplied gas, the Russian company must pay $2.56 billion.
The Arbitration Institute of the Stockholm Chamber of Commerce has partially complied with Naftogaz’s demands, ruling that Gazprom must pay Naftogaz $4.63 billion for its under-delivery according to the transit agreement.
“Naftogaz was awarded damages of USD 4.63 …