Contents tagged with Gazprom
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Russia to pay China for Gazprom’s new megaproject
The Russian government has officially given the green light to Gazprom’s new megaproject, a $12 billion gas and chemical complex in Ust-Luga, reports finanz.ru.
On Tuesday November 5, the state-owned company VEB.RF and the Baltic Chemical Complex (a fully-owned subsidiary of RusGazDobycha) signed a credit agreement to allocate 111 billion rubles ($1.75 billion) to the project.
The enterprise’s raw materials will be ethane-containing natural gas from Gazprom’s fields in the Nadym-Pur-Taz …
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Russia wants Ukraine’s Naftogaz to ‘understand and forgive’ $22 billion
Andriy Kobolyev, CEO of Naftogaz of Ukraine, has commented on the statements by Russian President Vladimir Putin and his press secretary Dmitry Peskov that the reciprocal lawsuits should be dropped before Russia and Ukraine sign a new gas transit contract.
According to Kobolyev, Russia essentially wants Ukraine to waive a $22 billion claim, without Russia taking any equivalent steps.
“For Naftogaz, continuing the transit of Russian gas is a strategic task. But this problem must be viewed in …
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Lithuania allocates millions of euros for disputes with Gazprom
Lithuania continues litigation in the International Investment Arbitration in Washington against the French concern Veolia. It seeks to annul the decision of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) in the dispute with Russia's gas giant Gazprom. Lithuania has allocated another €3.9 million to pay for the services of lawyers representing Lithuania, reports obzor.lt news outlet.
The Lithuanian government decided to allocate this amount to the Lithuanian Energy …
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Ukraine's Naftogaz files new lawsuit against Gazprom in Stockholm Arbitration
The Managing Director of the Ukrainian gas company Naftogaz Yuriy Vitrenko reported on his Facebook page that the Ukrainian company filed a new lawsuit against the Russian gas giant Gazprom in the Arbitration Institute of the Stockholm Chamber of Commerce. The new lawsuit involves the contract for gas transit.
These are the counterclaims that the Ukrainian side files against the Russian company. "It was our turn to file a statement of protection and counterclaims. The number of pages of the …
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Denmark authorizes Nord Stream 2 construction
The Danish Energy Agency has given permission for the construction of the Nord Stream 2 gas pipeline in Denmark’s exclusive economic zone, Interfax reports.
The pipeline will be laid to the south-east of the island of Bornholm.
Andriy Kobolyev, CEO of Naftogaz of Ukraine, wrote on Facebook that Ukraine had been expecting Denmark to make a decision in autumn.
Kobolyev said that Denmark’s principled stance delayed the project, but “geopolitical weapons cannot be halted using instruments that …
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Russia offers to share Nord Stream 2 gas transit profit with Europe
At the recent trilateral talks on gas transit through Ukraine, the Russian delegation brought up the topic of authorization for the completion of the Nord Stream 2 gas pipeline, Naftogaz CEO Andriy Kobolyev wrote in a Facebook post.
“This issue was brought up in a bilateral format, where the Ukrainian party was not present. However, as sources from the European Commission told me, there was one interesting point among Gazprom’s arguments: Our project is not only purely commercial, it is …
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Ukrainian Naftogaz prepares new lawsuit against Gazprom
Executive Officer of the Ukrainian gas company Naftogaz Yuriy Vitrenko reported on his Facebook page that Naftogaz has started preparing a new lawsuit against Russian gas giant Gazprom.
Vitrenko made this comment after the negotiations between Russia, Ukraine, and the European Commission in Brussels on the future of the Russian gas transit through Ukrainian territory.
"No agreements were made. But I did not waste time because I worked on the claims against Gazprom in the new arbitration …
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European Commission: negotiations with Russia on gas transit through Ukraine have failed
The European Commission is disappointed with the results of the trilateral negotiations on Russian gas transit through Ukraine, said Maros Sefcovic, Vice President of the Energy Union, after meeting with the Russian and Ukrainian energy ministers, Alexander Novak and Oliksiy Orzhel, in Brussels.
According to Sefcovic, the Russian delegation refused to make concessions, even though there are only two months left in which to reach an agreement. Gazprom’s current contract with Kyiv expires on …
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Kyiv to demand compensation from Gazprom for gas transit termination
"Naftogaz of Ukraine intends to demand from Gazprom compensation for alleged losses from the termination of gas transit from Russia to Europe. On November 1, we will send our claims to Gazprom for more than $11 billion," wrote Chief Commercial Officer of Naftogaz Yuriy Vitrenko on his Facebook page.
A day before, during a meeting with Russian Prime Minister Dmitry Medvedev, Gazprom's CEO Alexey Miller stressed the need to settle legal disputes before the conclusion of a new contract with Kyiv. …
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Ukraine upgrades gas pipeline to expand gas reserve from Poland
At the Komarno compressor station in Ukraine’s Lviv region, construction and installation work has been completed and a new stretch of pipeline connector has been commissioned, Ukraine’s national gas pipelines operator UkrTransGaz announced in a press statement.
“The updated configuration of the linear part of the gas pipeline will allow us to transport the blue fuel in both the obverse and the reverse modes between Ukraine and Poland. The reconstruction will increase the capacity and …