Contents tagged with gas transit
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EU: Ukraine meets requirements for transporting gas to Europe
The Secretariat of the Energy Community of the EU and neighboring countries has confirmed that the newly established operator, Ukraine’s gas transport system (GTS), has been separated from Naftogaz in accordance with the requirements of European legislation.
The secretariat said in a statement that the decision was based on a bill passed by Ukraine’s Verkhovna Rada which unbundled the GTS from the national company Naftogaz of Ukraine. The bill was passed and si ned by the president in mid …
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Ukraine unlocks gas imports from Romania
Ukraine and Romania have signed an interconnection agreement which will come into effect on January 1, 2020, the Operator of the Gas Transportation System of Ukraine (OGTSU), one of the signatories, announced on its website. Romania was represented by the company Transgaz.
The negotiations lasted more than three years, with mediation from the European Commission and the involvement of the operators of Bulgaria, Greece and Moldova.
The agreement will make it possible to freely transport gas to …
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Russia and Ukraine reach agreement on gas transit
After hours of talks between representatives of Russia and Ukraine in Berlin on December 19, Vice President of the European Commission Maroš Šefčovič said that after months of negotiations Russia and Ukraine reached an agreement in principle on gas transit. Germany and the European Union mediated the negotiations.
According to Šefčovič, the agreements that were reached at the meeting will be additionally discussed in Moscow and Kyiv on December 20. He called the outcome of the talks in Berlin …
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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Ukraine and resume gas transit to the EU on the 2014 level if all of Ukraine’s financial claims against Gazprom are withdrawn, said announced Russian Energy Minister Alexander Novak at the end of the trilateral gas negotiations in Berlin involving representatives from Kyiv and the EU.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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …