Contents tagged with Gazprom
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Gazprom withdraws application for Nord Stream 2 route through Denmark
Nord Stream 2 AG, the subsidiary of Russia’s oil giant Gazprom which owns the project, has withdrawn the application to lay the Nord Stream 2 gas pipeline in the territorial waters of Denmark, South of Bornholm island in the Baltic sea, that was submitted in 2017, RBC news agency reports. Two other applications with proposals to place a gas pipeline North-West or South-East of the island, outside Danish territorial waters, remain in force.
"This step was necessary, because more than two years …
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Poland wants to connect gas pipeline to Ukrainian gas transportation system
The representative of the Polish government for Strategic Energy Infrastructure Peter Naimsky said that Poland is ready to launch the pipeline with a volume of two thousand billion cubic meters, which will connect the Polish gas transmission system with the Ukrainian system in Hermanowice.
"We are ready if necessary, to start the pipeline, which will connect the Polish system with the Ukrainian system in Hermanowice. Its capacity is 2 billion cubic meters. It's not much, but in case if …
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Germany urges the Russia to continue gas transit through Ukraine after 2019
Germany stressed how important it is to maintain gas transit through Ukraine after 2019, when the current contract expires, said a representative of the German government Steffen Seibert at a briefing in Berlin, as reported by Ukrinform.
“From our point of view, it is absolutely necessary for Ukraine to remain a transit state. We demand it. It is in our interests and we insist that transit through the country be possible in the future,” Seibert said.
According to him, Berlin is actively …
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Ukraine offers Moldova help in bypassing Gazprom and importing gas from the EU
The Ukrainian national oil and gas company Ukrtransgaz sent Moldova a proposal to delay the construction of the Romania-Moldova interconnector, which makes the Moldovan side vulnerable during its next meeting with Gazprom, as stated in Ukrtransgaz’ press release.
It was noted that taking advantage of the Ukrainian gas transmission system would minimize the potential risks associated with possible interruptions in the transit of natural gas from the Russian Federation and guarantee gas …
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Gazprom offers to settle $2.6 billion dispute with Naftogaz of Ukraine
The Russian state-controlled gas monopoly Gazprom has offered to sign a settlement agreement with the Ukrainian oil and gas company Naftogaz in order to resolve a long-standing dispute, Russian Energy Minister Alexander Novak told the press.
In February 2018, the Stockholm Arbitration Institute ordered Gazprom to pay Naftogaz $4.63 billion for failing to supply the volumes of gas stipulated in their transit agreement. Since previously the arbitrators had ordered Kyiv to pay Gazprom $2 billion …
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Gazprom capitulates in gas dispute with Ukraine
A gas dispute between Russia and Ukraine, which began with a record drop in prices in 2013 and translated into a reduction and later suspension of supply, will apparently finally end with Gazprom capitulating.
The Russian gas monopoly is offering to negotiate a deal to resume the direct gas supply to Kyiv, and to extend the contract for transit to Europe that expires in 2019, said Gazprom CEO Alexey Miller.
The gas prices will be lower, he promised: the cost of gas for the end consumer will …
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US hits Russia's Gazprom with record LNG production
The US is continuing to increase its production of Liquefied Natural Gas (LNG), adding to the surplus on the global market that has already caused prices in Asia and Europe to halve, finanz.ru writes.
Sempra Energy, a joint enterprise between French Total and Japanese Mitsui and Mitsubishi, has announced the launch of the first LNG liquefaction line at the Cameron LNG project.
The export terminal in Louisiana has a designed capacity of 4.5 million tons of LNG per year. In 2020, the second and …
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Turkey cuts back Russian gas purchases to ten year low
Turkey appears to be deliberately purchasing less Russian gas until the Russian gas monopoly Gazprom completes the $7 billion Turkish Stream gas pipeline, reports finanz.ru.
At the end of the first quarter of 2019, Russia had for the first time in history lost its competitiveness on the Turkish gas market to liquefied natural gas (LNG) from the US, Qatar, Algeria and other countries.
The total amount of Russian gas bought by Turkish clients, including the state-owned company Botas and …
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US Ambassador to Germany warns again of Nord Stream 2 sanctions
In an interview with the publication Focus, US Ambassador to Germany Richard Grenell alluded to the sanctions that Washington could impose on the German companies involved in the Nord Stream 2 gas pipeline project.
“From an American perspective, the pipeline will bring more than just gas, but also an increased sanction risk,” he said. He pointed out that the pipeline will make EU countries dependent on Russia.
The American diplomat has repeatedly said that “the companies that operate in the …
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Ukraine negotiates gas supplies from the United States
The head of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, in an interview with the Voice of America, announced that Naftogaz is negotiating with the United States the supply of the American gas to Ukraine.
According to him, the parties are looking "very closely" at this issue. “This is not a final decision yet, but there is interest from both sides,” said Kobolyev and expressed hope that “this interest will be transformed into concrete gas flows.”
On May 1, the head of …