Contents tagged with gas transit

  • Russia agrees to transit gas through Ukraine in exchange for release of seized Gazprom assets

    Russia is prepared to renounce its long-standing gas dispute with Ukraine and resume gas transit to the EU on the 2014 level if all of Ukraine’s financial claims against Gazprom are withdrawn, said announced Russian Energy Minister Alexander Novak at the end of the trilateral gas negotiations in Berlin involving representatives from Kyiv and the EU.

    Russia mentioned the possibility of renewing gas transit with the previous volumes one day after the Putin-Trump talks in Helsinki, where the US …

  • 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 …

  • Naftogaz: Gazprom refuses to comply with Stockholm Court decision on gas supply and transit through Ukraine

    Russia’s  Gazprom has refused to comply with the decisions of the Stockholm Arbitration Court regarding the supply and transit of gas through Ukraine, as reported by the press service of Naftogaz Ukraine following the results of talks held last week, Interfax-Ukraine reports.

     “Gazprom made clear that the Russian gas monopoly refuses to resume deliveries to Ukraine as ordered by the Arbitration Tribunal in the Gas Sales Case concluded in December last year, and refused to confirm that it will …

  • Ukraine's Naftogaz to seek arrest of Russian gas in Europe as part of Gazprom’s debt collection

    Naftogaz of Ukraine will not remove gas from transit to Europe as part of Gazprom's debt collection, but intends to seek the seizure of this gas once it reaches European markets, as posted by the Chief Commercial Officer of Naftogaz of Ukraine, Yuriy Vitrenko on Facebook.

    "Experts" who get money from Gazprom, twist my words and report that we will impose penalties on gas belonging to Gazprom, in case Gazprom comply with the Stockholm Arbitration's decision and will not pay $2.5 billion. Let me …

  • 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 …

  • 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 …

  • EU calls on Ukraine and Russia discuss future of the gas transit

    Maros Sefcovic, the European Commissioner for the Energy Union encouraged Russia and Ukraine to discuss the future of the transit of Russian gas through the territory of Ukraine after the Stockholm Arbitration passes its decision.

    “We have discussed the dynamics of exporting Russian gas over the past year and we’ve concluded that the export volumes were quite impressive, and that the transit of gas through Ukraine played a very important role supplying gas to Europe. From our viewpoint, this …

  • Gazprom claims that increase in Nord Stream’s transit did not reduce gas transit through Ukraine

    Gazprom is experiencing good dynamics in its gas exports to Europe through Nord Stream  and OPAL pipelines; at the same time, transit through Ukraine has even increased, TASS reported quoting  Chairman of the Board of Gazprom, Alexey Miller.

    "Between August 1 and August 8, production through the OPAL gas pipeline by Gazprom increased by 30%. Today, the pipeline has reached full capacity. The volume of daily gas supply to Greifswald reached 140 million cubic meters on August 8. That is, the use …

  • Media: Russia to limit gas transit through Ukrainian territory

    Russia is restricting the transit of gas through Ukrainian territory, and will soon exclude its western neighbor from the process of transporting natural gas to western countries, Vedomosti reports.

    Vedomosti claims that Gazprom has reduced the flow of gas through Ukrainian territory and has simultaneously increased it in the OPAL pipeline. Recently the European Commission approved the use of 40% of the capacity of the gas pipeline.

    According to the opinion of Russian experts, Moscow is …

  • The transit of Russian gas through Ukraine increased by 21% in 6 months

    In the first half of 2017, gas transit through Ukraine increased by 21% to 45.7 billion cubic meters, as reported on Facebook by Magistralnye Gazoprovody Ukrainy. Gas transported through Ukraine comes from Russia to the EU.

    "If these levels are maintained, by the end of the year we can expect 90 billion cubic meters of blue fuel for European consumers to be transported through Ukraine," the report said. Gas production in Ukraine has increased by 3%, reaching 10.3 billion cubic meters and …