Contents tagged with Gazprom

  • The Estonian government will send the European Commission a proposal to fine Gazprom

    The Estonian government had a meeting on Thursday and decided to invite the European Commission to fine PJSC Gazprom for abusing the monopoly position in the gas market.

    “Considering the scale of the violation, Estonia believes that the antimonopoly investigation against Gazprom should be completed in a way that ensures the cessation of abuse of the monopoly position, followed by a fine. According to Estonia, in this case, the taking of obligations by Gazprom is not proportional to the size of …

  • Georgia refuses to purchase gas from Russia's Gazprom

    Georgia refused to purchase Russian gas, choosing instead to buy from Azerbaijan. According to the 2017 forecast balance, starting from April the country will make no more purchases from Gazprom, RIA Novosti reported.

    During the first three months of 2017, Georgia received 100 million cubic meters of gas from Russia, writes Novosti-Georgia. Starting from April, the government plans to fully provide the population and commercial sector with gas supplies from Azerbaijan. The deliveries will be …

  • Italian investors want to invest $2 billion in new gas transport company in Ukraine

    The national company Naftogaz Ukraine is planning to hold negotiations with potential investors to create a public company “Ukraine Main Gas Pipelines” in the next three months, ZN.UA reports.

    The article notes that the Italian company Snam, which is interested in importing Russian gas, is among the most realistic potential investors.

    “According to ZN.UA’s information, the Slovaks are also interested in this. But the Italian company Snam is prepared to invest $2 billion in the Ukrainian gas …

  • Court to force Gazprom to pay the 36 million euros it owes Lithuania

    The Russian company, Gazprom, did not pay a 36 million euro fine to Lithuania on time and now the court will enforce it, as reported by BNS news, citing a representative of the Competition Council (Lithuanian Antimonopoly Service), Maria Grumblene.

    According to her, the court has already received the Competition Council’s resolution on the forcible collection of fines and penalties. Gazprom was to pay the fine before March 22, 2017.

    As was reported, the Supreme Administrative Court of …

  • Naftogaz of Ukraine wants to join Poland's lawsuit against Gazprom’s access to OPAL

    NJSC Naftogaz of Ukraine requested that the European Court of Justice allow them to join the case on appeal by Poland's PGNIG Supply & Trading against the decision of the European Commission to expand Gazprom’s access to the OPAL gas pipeline, according to the Naftogaz website which reads: “According to the statute of the European Court of Justice, a legal entity can enter the case if it is able to prove an interest in the outcome of this case.”

    In its request, Naftogaz specified the potential …

  • Gazprom has increased gas supplies to the Donbas by 41%

    In 2016, Russian gas monopoly Gazprom supplied 2.39 billion cubic meters of natural gas to the Luhansk and Donetsk regions that are beyond Ukraine’s control. That is 40.6% or 69 million cubic meters more than in 2015, as indicated in Gazprom’s quarterly reports, LIGA.net reported. According to the document, gas supplies to Ukraine in 2016 amounted to 2.39 billion cubic meters.

    “At the same time, Naftogaz of Ukraine ceased the purchasing of gas from the Russian company in November 2015. …

  • CEO of Naftogaz says the EU should block the construction of Nord Stream-2

    The Chief Executive Officer of Ukrainian state energy company Naftogaz, Andriy Kobolyev, stated in an interview with Reuters that the European Union should block the Nord Stream-2 gas pipeline project that will give the Kremlin geopolitical and financial leverage against Germany, Poland and Slovakia.

    “We urge our European partners to make efforts to look not on immediate consequences but to take one step further and look at what will happen later after the launch of Nord Stream-2,” Kobolyev …

  • Squatters have occupied London mansion belonging to former top manager of Gazprom

    A group of squatters occupied the London mansion of the former top manager of Gazprom, Andrey Goncharenko, which is located in one of the most expensive streets of the British capital ¾ Eaton Square in Belgravia, as reported by The Guardian.

    The group of squatters stated that it is opening a shelter for homeless in an empty 5-story house worth 15 million pounds, that was bought by the Russian oligarch in 2014. The squatters, the Autonomous Nation of Anarchist Libertarians (ANAL), stated that …

  • Gazprom will pay for the construction of Nord Stream 2 itself

    The Russian energy giant, Gazprom, will pay the costs of the construction of the trans-Baltic gas pipeline, Nord Stream 2, after Austrian oil company, OMV, and other European partners abandoned their plans, as reported by Der Standard.

    "Gazprom lost hope for the participation of European partners in the Nord Stream 2 pipeline project, at least for the near future," the newspaper reports. Gazprom planned to implement the Nord Stream 2 project together with European oil companies, Engie, OMV, …

  • Naftogaz refuses to pay Gazprom for non-purchased gas

    Naftogaz of Ukraine has confirmed the receipt of Gazprom’s $5.3 billion invoice for the gas that the company had neither ordered nor received during 2016. However, the company does not intend to pay for it until the decision of the Stockholm arbitration. This was reported to the Interfax-Ukraine news agency by the press service of Naftogaz.

    "In its explanation of the bill, Gazprom refers to the take-or-pay form of gas delivery. At the same time, Naftogaz has no plans to pay the bill until the …