Contents tagged with Gazprom
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Media: Gas supplies via Turkish Stream will go through Hungary and Slovakia bypassing Ukraine
The Russian gas monopoly Gazprom chose its gas supplies’ route to Europe along the second Turkish Stream line. It will go through Bulgaria, Serbia, Hungary and Slovakia, reported the Russian newspaper Kommersant citing materials published by the countries’ gas transmission operators.
These materials were published in October-November as part of the procedure for booking future capacity (open season) which is stipulated by the legislation of the European Union (NC CAM) and is necessary for the …
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Polish Foreign Minister: After completing Nord Stream 2 Russia will continue war in Ukraine
Polish Prime Minister Mateusz Morawiecki warns that once the Nord Stream 2 pipeline has been built, nothing will hold Russia back from further aggression in Ukraine. He made a statement to this effect during the FOTAR conference in Hamburg, the Polish Press Agency reports.
If the Ukrainian gas transmission system is no longer needed once the Nord Stream 2 pipeline has been built, Morawiecki asks, “what will stop Vladimir Putin from going to Kyiv?”
“You will be surprised by who I am going to …
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Lavrov: West has decided to use Balkans as bridgehead against Russia
The West is trying to implement the next step in the anti-Russian script by pressurizing the countries of the Balkan peninsula and demanding that the countries in the region “make a choice: [you are] either with Moscow or with Washington and Brussels”, Russian Foreign Minister Sergey Lavrov in an interview with the Siberian Telegraph, the full text of which was published on the Foreign Ministry website.
“The impression is developing that the lessons of the Ukrainian tragedy in the West have …
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Russia's Gazprom increased gas supplies to Donbas
From January to September 2018, PJSC Gazprom supplied 1.75 billion cubic meters of gas to the territories of the Donetsk and Luhansk regions that are not controlled by Ukraine. That is 11.5% more than the same period in 2017 and 26.9% more than during nine months in 2016, according to the company’s annual statements, Interfax Ukraine reported.
Gazprom has been supplying gas to the uncontrolled territory since February 2015 through gas metering stations in Prokhorovka and Platovo on the border …
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Armenia accuses Gazprom of multi-billion tax evasion
The Armenian authorities have conducted an audit on the local Gazprom subsidiary and uncovered colossal tax violations, the Armenian State Revenue Committee (SRC) reported on Wednesday.
Gazprom Armenia, the country’s sole gas provider, gave the tax authorities “deliberately false information” in its reports for 2016-2017, as a result of which it paid “several billion” too little tax on profit and VAT, according to the SRC.
In addition, the company was involved in shady gas selling schemes. …
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Switzerland seizes Gazprom’s revenue from Nord Stream
The gas dispute with Ukraine may cost Gazprom its profits from pumping gas through the Nord Stream pipeline, which has been operational since 2012, and through which 61 billion cubic meters of gas were pumped to Europe last year, a third of Russia’s entire gas export.
A Swiss court has seized payments made by the pipeline operator, Swiss-registered Nord Stream AG, to Gazprom, the operator’s 51% shareholder.
The seizure was imposed as part of the interim measures for the ruling by the …
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Naftogaz claims Gazprom owes Ukraine more than $12 billion
Naftogaz of Ukraine’s new claims against Russian Gazprom under the Stockholm arbitration increased within four months, from $11.6 billion to over $12 billion, reported Interfax, citing Naftogaz CEO Yuriy Vitrenko.
“We shall recover all the money from Gazprom according to the previous decisions of the arbitration court. We have already recovered $2.1 billion in gas and $18 million in cash. We will also collect the remaining $2.6 billion,” emphasized Vitrenko.
On June 6, 2018, Naftogaz filed a …
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Ukrainian Naftogaz recovered first millions from Gazprom
Naftogaz is holding $9 million of the debt owed by Russian company Gazprom, based on the decision of the Stockholm arbitration, reported the press service for Naftogaz.
The company reminded that the Stockholm arbitration formula for gas pricing was changed, which resulted in lower service rates and general transit cost.
Naftogaz was clarified that Gazprom deliberately refuses to implement the decision of the arbitration and continues to pay the price set by Naftogaz.
“Thus, Naftogaz has …
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Russia's Gazprom announces plans to build new pipelines to Europe
Even before completing the Nord Stream 2 pipeline and disassembling the redundant gas corridor for South Stream, Gazprom is dreaming of new multi-billion dollar projects.
The company plans to build new gas pipelines to the EU in order to meet the increased demand for Russian gas, said Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, at the Russian Energy Week forum on Wednesday.
“New transport routes need to be created,” he emphasized, adding that this is supposedly “ …
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Naftogaz: Gazprom owes Ukraine more than $2.6 billion
The fine for the Russian Gazprom for failure to comply to the Stockholm decision in the case against Naftogaz Ukraine, has reached $110 million, stated at a press conference the Director for Business Development at the National joint-stock company Naftogaz of Ukraine Yuriy Vitrenko, reports Ukrinform.
“By our calculations, the amount for compensation that Gazprom needs to pay us, already exceeds $110 million,” stated Vitrenko. Therefore, Gazprom must pay Ukraine more than $2.6 billion," …