Contents tagged with Naftogaz

  • Hague Arbitration court to commence hearings for Ukraine's Naftogaz case against Russia on May 14-20

    Next week, the Ukrainian National Joint-Stock Company [NJSC] Naftogaz and six of its subsidiaries will initiate a court hearing against Russia in the Arbitration Court in Hague. Naftogaz is pursuing legal action to recover lost company assets which were seized by Russia in the Crimea, the Naftogaz press service reports.

    During the hearings scheduled for May 14-20, the court will determine whether Naftogaz has grounds to take Russia to court under the Russian-Ukrainian bilateral agreement on …

  • Ukraine's energy security was discussed at NATO meeting

    The Ukraine-NATO Commission at the level of deputy permanent representatives with the participation of the Head of the National Joint-Stock Company Naftogaz of Ukraine, Andriy Kobolyev discussed issues of Ukraine’s energy security at a meeting on Monday, May 7.

    The press service of the company stated that the Naftogaz report was devoted to the decision of the Arbitration Institute of the Stockholm Chamber of Commerce. The implementation of the Nord Stream 2 project sparked a discussion during …

  • European Court of Justice rejects Naftogaz’s claim against the European Commission regarding Gazprom’s access to OPAL pipeline

    The European Court of Justice dismissed the claim of the Ukrainian state-owned company Naftogaz against the European Commission (EC). Naftogaz filed a lawsuit against the EC in March of last year in response to the EC’s decision to allow the Russia’s Gazprom additional transit volumes through the OPAL and Nord Stream pipelines. However, on March 9, the Court rejected Naftogaz’s claim against the EC.

    The EC made their decision to grant Gazprom additional access to the OPAL pipeline on October 28 …

  • Media: Ukraine's Naftogaz begins purchasing gas from Russian Gazprom

    National joint-stock company Naftogaz of Ukraine has started purchasing gas from Russian Gazprom since Wednesday, April 25, reports by the Ukrainski Novyny news agency, citing a source in the gas market.

    According to the source, the purchased gas is being transported through Sudzha station. The total volume of supplies is 21 million cubic meters.

    The import of gas from Russia to Ukraine was suspended on November 25, 2015. On March 1, Deputy Chairman of the Management Committee of Gazprom …

  • Russia's Gazprom begins termination of contracts with Ukraine's Naftogaz

    Gazprom was unable to reach an agreement with Naftogaz on gas transit through Ukraine and sent a request to the Stockholm Arbitration for termination of the existing gas transit and supply contracts.

    “Gazprom was ready to negotiate with Naftogaz of Ukraine on gas transit after 2019. However, Ukraine must justify the economic feasibility of transit through its territory,” said Gazprom's Deputy Chairman of the Board of Directors Alexey Miller.

    On February 28, the Stockholm Arbitration Court …

  • Ukraine intends to impose sanctions against companies participating in the construction of Nord Stream-2 pipeline

    International companies participating in the Nord Stream-2 gas pipeline project may not be allowed to run business in Ukraine, the Minister of Internal Affairs of Ukraine Arsen Avakov stated during his presentation at the 11th Forum on international security.

     “The French Company ENGIE is trying to build a gigantic power station in the Chernobyl area, and as my colleague-minister told me, is ‘a little bit’ involved in the construction of the Nord Stream. We don’t care whether it is ‘a little …

  • Media: Russia's Gazprom and Ukraine's Naftogaz negotiate new contract

    The newspaper Vedomosti has reported that Gazprom and Naftogaz Ukraine are discussing terms for a new gas transit contract through Ukraine to Europe. The newspaper cited two sources close to parties involved in the talks.

    According to the publication’s sources, the talks are about concluding a new contract in 2020. The question of the continuation of gas transit after 2019, said one of them, was raised at a meeting of representatives from both companies a few weeks ago.

    "The contacts …

  • Ukraine's Naftogaz starts debt recovery from Russia's Gazprom

    According to the Chief Commercial Officer of Naftogaz, Yuriy Vitrenko , Naftogaz of Ukraine has begun debt collection procedures aimed at recovering the funds which Gazprom has to pay to Naftogaz according to the decision the Stockholm Arbitration court.

    The day before the announcement, Vitrenko met with the EU Commissioner for Competition, Margrethe Vestager. He told her that Gazprom refuses to comply with the decisions of the arbitration court and, in particular, refuses to compensate …

  • Ukraine increases gas transit volumes

    In March, the volume of natural gas transported through the territory of Ukraine amounted to 8.1 billion cubic meters, an increase of 21.3% from the same period in 2017, Ukraine’s national gas and oil company Ukrtransgaz reported.

    Ukrtransgaz also reported that despite Russia’s systematic failure to ensure contract pressures in gas pipelines at the entrance to Ukraine’s gas transport system, the company fulfilled requests for gas transportation on time and in full. The average daily transit …

  • Russia's Gazprom prepares $4.7 billion for payment to Ukraine

    The Russian gas monopoly Gazprom, contrary to published reports concerning the sum decided upon by two arbitrations with Ukrainian Naftogaz in the amount of $2.56 billion, put aside in its accounts a reserve for the full amount of the fine on the transit contract with Ukrainian side.

    This was reported by Interfax news agency, citing the company’s statements. The document stated that the balance for fines and penalties for violation of the terms of contracts is recognized as 272.943 billion …