Contents tagged with Gazprom
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Negotiations between Ukraine's Naftogaz and Russia’s Gazprom on gas delivery to Ukraine fail
The agreement on the supplement contract between Naftogaz of Ukraine and Russia’s Gazprom could not be reached by the tripartite group with the participation of the representatives of the European Commission, as stated by the head of Naftogaz, Andriy Kobolev, Interfax-Ukraine reported.
"Unfortunately, the agreement could not be reached today. We hope that this can be done in future, but today we were not able to sign the supplementary agreement. Without it, the purchase of Russian gas under …
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Ukraine may join Poland in a law suit against EU over concession of OPAL pipeline to Russia
Ukraine can file a lawsuit against the European Commission and the European energy regulator due to Gazprom’s increased access to the OPAL pipeline, LB.ua news agency reported, citing a diplomatic source.
According to the source, Kyiv cautioned Europe that in addition to inflicting financial losses on Poland and Ukraine as a result of the reduction of transit volumes of Russian gas, the European Union sets a dangerous precedent which will be exploited by Russia's Gazprom when fighting claims …
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Kyiv estimates Russia lost $5 billion in attempts to block Ukraine’s gas imports
Russian Gazprom tried to block Ukrainian gas imports from Europe and spent billions of dollars on these unsuccessful attempts, according to Yuriy Vitrenko, the Managing Director for Business Development at the national joint-stock company Naftogaz of Ukraine.
"We buy gas from the largest European gas companies. A lot of them produce gas themselves. Many also buy gas from other producing companies, including from Gazprom, which prevented us from buying gas in Europe. According to current …
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Naftogaz warns about a possible rise in price of gas transit by $4 billion per year
Gazprom’s price for the transit of Russian gas through Ukraine may grow by 4 billion dollars a year should Ukraine succeed in the Stockholm arbitration, and be granted the amendment to the contract with Gazprom to adhere to European norms, as was posted on Facebook by the Commercial Director of Naftogaz of Ukraine, Yuriy Vitrenko, on November 19th.
Reiterating Ukraine’s position prior to the hearings in Stockholm which were scheduled for November 21st, Vitrenko also indicated that Gazprom will …
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Poroshenko: Moscow asked Ukraine to buy Russian gas
Ukrainian President Petro Poroshenko said that in the spring, Russia asked Ukraine to buy its gas. However, Kyiv refused.
"All talks about there being rolling blackouts in winter, about Ukraine being left without heating and coal, about Ukrainians not having enough gas in their underground storage facilities, have stopped. We, in spite of the war, have built an economically strong and independent state,” he said on Wednesday during his working visit to Lviv.
“I was pleased when the Russians …
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Media: Polish PGNiG blocked Gazprom's funds for Nord Stream 2
The Polish Petroleum and Gas Mining Company, PGNiG, has blocked the payment of about 200 million dollars in dividends from the EuRoPol Gaz union to the Russian company Gazprom, which will prevent Russia from financing the construction of the Nord Stream 2 pipeline, as reported by Gazeta Polska Codziennie.
"PGNIG received consent from the Polish government on this action," the newspaper notes. The whole operation began at the General Meeting of EuRoPol Gaz on the 27th of June, 2016. At that …
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CEO of Naftogaz: Ukraine will buy gas from Russia only if Gazprom offers a reasonable price
CEO of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, stated that the Ukrainian side is ready to buy gas from Russian Gazprom only if it offers a reasonable price.
“Our offer extends to all companies, including Gazprom, only if it is ready to offer a reasonable price and abide by the rules.” Kobolyev’s words were quoted by Naftogaz on the air of the BBC TV program Hard Talk.
According to him, currently Naftogaz is buying fuel from 14 European suppliers.
“The very fact that …
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Gazprom subsidiaries and contractors for Kerch Strait Bridge fall under US sanctions
A press release by the US Treasury has stated that the US government has once again expanded the list of Russian individuals and legal entities to which unilateral US economic sanctions will apply. The list includes Gazprom-Media, which in turn includes NTV, NTV Plus, TNT, Pyatnitsa and Match TV, the Echo Moskvy radio station and Avtoradio.
The main contractor for the construction of the Kerch Strait bridge, LLC SGM-Bridge, is also now included on the list. The company is a subsidiary of …
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Naftogaz of Ukraine purchases gas from the EU at a lower price than from Russia
Yuriy Vitrenko, the Director of Business Development at Naftogaz of Ukraine, reported on Facebook that the company is buying gas from the European Union at a lower price than from Russian gas giant Gazprom.
“Now the price of European gas is already significantly lower than the $185 per thousand cubic meters charged by Gazprom,” he noted.
The press-service of Naftogaz, a national joint-stock company of Ukraine, reported that the contract price announced by Gazprom for Ukraine for the third …
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Ukraine may sue Gazprom for up to $50 billion
Ukraine can be awarded approximately 50 billion dollars from the Russian gas company, Gazprom, in the Stockholm arbitration, as was stated during an interview with Andriy Kobolyev, the Chief Executive Officer of Ukrainian state energy company Naftogaz, on TV Channel 5, Ukrinform reports.
"In September of this year we will have a final hearing of the case on the gas purchase and sale contract in Stockholm. After that, within six months of the completion of all procedures, we will have a …