Contents tagged with Gazprom
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Gazprom loses appeal in court case with Ukraine's Naftogaz
The Svea Court of Appeal has re-authorized the seizure of Gazprom’s assets in order to collect $2.6 billion in favor of Naftogaz Ukraine.
On Thursday, the Swedish court removed the temporary suspension of the fine enforcement measures, which had been introduced in June at Gazprom’s request, Reuters reports.
The Russian gas company asked to have the original ruling of the Stockholm Arbitration Institute revoked on the basis of external interference in the process. Citing a “world renowned …
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Russia's gas conglomerate Gazprom removes the list of subsidiaries from its website
The list of subsidiaries and affiliates disappeared from the website of Gazprom, reported Deutsche Welle.
Previously, the list contained 161 companies, including defunct companies and technical structures. At the moment, the page of subsidiaries reports that “the list of organizations controlled by Gazprom JCS is published in the Quarterly Report”.
In February 2018, the Stockholm Arbitration Court obliged Gazprom to pay the Ukrainian company Naftogaz US $4.63 billion for the pumping of 110 …
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Media: Merkel will visit Kyiv to force Ukraine’s reconciliation with Russia's Gazprom
The key topic of the German Chancellor Angela Merkel’s visit to Kyiv, scheduled for early November, is the continuation of the Russian gas transit through Ukraine after the Nord Stream-2 gas pipeline construction is completed, writes the Polish edition of Gazeta Wyborcza.
The publication notes that many European experts and politicians have criticized the intention to implement the Nord Stream-2 project, which will only strengthen the EU's dependence on Russian gas. After the launch of the new …
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Ukrainian President confident Russia will pay all damages for Ukraine's gas contract losses
Ukrainian President Petro Poroshenko expressed confidence that Russia would pay for all damages regarding the gas contracts. According to him, Stockholm Arbitration Court estimated Kyiv’s losses from the termination of contracts at $4.6 billion, 112 Ukraine channel reports.
Poroshenko also recalled that several days ago passed the thousandth day that Ukrainians have been living without Russian gas because of the embargo. “The Russians will not bring us to our knees with its gas ligature and …
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Ukraine marks 1000 days without Russian gas
Thursday, August 23, marks 1000 days since Ukraine imported the last batch of Russian gas, reports Ukrtransgaz, Ukrainian operator of the gas transit system.
In late November 2015, Ukraine refused to purchase natural gas from Gazprom, as the Ukrainian gas company, Naftogaz considered this price too inflated. Import of gas is now carried out via western border.
The rejection of Russian gas allowed Ukraine to begin reforming the gas market and reforming the corporate governance of Naftogaz. For …
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Kremlin to pay for Russian oligarch’s escape from London Stock Exchange
The Russian government has decided to assist Russian billionaire Alisher Usmanov, who holds the 10th place on the Forbes list of wealthiest Russians ($12.5 billion), to delist MegaFon shares from the London Stock Exchange (LSE) and to buy out minority shareholders, finanz.ru reports.
Leading up to the buyback, scheduled for August 22, in which MegaFon plans to buy 20.8% of its own shares and depository receipts, the company has received massive investments from the largest government banks. …
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Russia's Gazprom seeks termination of Nord Stream 2 case in Poland
Russian gas conglomerate Gazprom filed objections to the Polish antimonopoly body UOKiK and petitioned the termination of the antimonopoly investigation procedure, the Russian company reported in its quarterly report.
According to the document, on April 30, 2018, Gazprom received notification from the Polish antimonopoly body UOKiK , which launched an antimonopoly investigation against the stakeholders of the Nord Stream 2 project, including Gazprom.
According to UOKiK, the financial …
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First Nord Stream 2 pipes laid in Germany
The first pipes have been laid as part of the Nord Stream 2 gas pipeline project near the German coast of the Baltic Sea, reported the German company Uniper, one of the European partners of Gazprom. The project was started in late July, said Uniper’s financial director Christopher Delbruck in a presentation the company’s website.
The Nord Stream 2 pipeline will pass along the bottom of the Baltic Sea, for more than 1,200 kilometers and with a capacity of 55 billion cubic meters. The cost of …
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Ukraine's Naftogaz: Nord Stream 2 can still be stopped
The construction of the Nord Stream 2 gas pipeline, which would be used to transit Russian gas to Europe in circumvention of Ukraine, can still be stopped, Naftogaz commercial director Yuriy Vitrenko told Deutsche Welle.
According to him, the position of Denmark, whose government has not yet given authorization for the pipeline to be laid through its territorial waters and exclusive economic zone, could be a serious obstacle for Gazprom. According to the existing plan, Nord Stream 2 is …
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Russia's Gazprom borrows pension money to pay off debt
Gazprom, which has been cut off from international capital markets as a result of a gas dispute with Ukraine, has turned to Russians’ pension savings in order to make large foreign debt repayments.
On Tuesday, for the second time since the start of the year, the Russian gas company has entered the Russian debt market and borrowed 40 billion rubles. Investors were offered three bond placements – a 15-year bond of 10 billion rubles, and two tranches of 15 billion rubles 30-year securities. …