Contents tagged with Gazprom
-
Poland will not renew its contract with Gazprom
Poland has no plans to renew its long-term contract with the Russian Federation for the supply of gas, which expires in 2022. Reuters cites the Commissioner of the Government of Poland on Issues of Gas and Energy Infrastructure, Piotr Naimski.
According to Naimski, in order to reduce its dependence on Russian gas, Poland constructed the first terminal for transporting liquefied natural gas (LNG) and also plans to construct the pipeline in the North Sea.
“We will strive for a situation where a …
-
Kiev will not pay Gazprom for gas supplies to separatist republics
Ukrainian company, Naftogaz, has refused to pay Gazprom for gas delivered to the separatist-controlled territories of Donetsk and Luhansk.
On the 18th of May, Naftogaz reported that the Russian gas company had demanded a payment of $670 million for gas supplied to the so-called Donetsk People's Republic (DPR) and the Luhansk People's Republic (LPR) from February 2015 to April 2016.
The report also stated that Naftogaz had not purchased gas from Gazprom since November 2015. Before that, it had …
-
The Baltic States consider the possibility of creating a single gas market
Energy regulators and politicians in the Baltic States are considering the possibility of creating a single gas market to facilitate mutual trade. It is possible that after laying the gas pipeline between Estonia and Finland, the latter will also join the common market.
As the Lithuanian Member of the Commission on Prices, Vigantas Vaitkus, informed the news Agency BNS, the negotiations have just begun and they will continue for several years. The Baltic Regional Working Group was formed to …
-
Belarus does not recognize debt to Gazprom
Interfax reported that the Head of the Ministry of Energy of Belarus, Vladimir Potupchik, told journalists in Mogilev before the Foreign Affairs Council meeting of the Union State that Belarus does not recognize its debt to Russia for natural gas supplied to the Republic.
“There is no debt. Belarus pays in accordance with the intergovernmental agreements. There in court we will deal with this issue,” Potupchik said.
He noted that Russia and Belarus interpret gas agreements differently. “ …
-
The EU wants Ukraine to remain a gas transit country
The European Commission is ready to facilitate a new transit agreement between Russia and Ukraine
As was stated by the EU Climate and Energy Commissioner, Miguel Arias Cañete, the European Union believes that Ukraine needs to remain a gas transit corridor, RIA Novosti reports.
"Despite the economic and political challenges, Ukraine continues to be a reliable gas partner and a transit country. It is in the interest of all parties, including the Central and Eastern European countries, that …
-
Gazprom may completely abandon the Baltic market
As reported by Rzeczpospolita, after leaving Latvia and Lithuania, the Russian Gas monopoly, Gazprom, may abandon its work in Estonia as well. According to the daily, the Board of Directors of Gazprom has to make a decision on the termination of its participation in Eesti Gaas on May 11th.
As of today, 51.38% of the shares of the Estonian company belong to Finnish Fortum, 37.03% of the shares are owned by Gazprom, and 10.02% belong to the Latvian company, Itera Latvija, which is part of the …
-
MEP heavily criticizes Nord Stream-2
Manfred Weber, the leader of the largest European People’s Party, heavily criticized the construction plans for the gas pipeline Nord Stream-2. The Financial Times reported on May 2nd that Weber wrote about this in his letter to the German Minister for Economic Affairs and Energy, Sigmar Gabriel, and European Commissioner for Climate Action and Energy, Miguel Arias Cañete.
Weber claims that the construction of the gas pipeline runs counter to foreign-policy goals of the European Union as it …
-
Naftogaz: Ukraine could receive $50 billion if the court rules against Gazprom
The Director of the Business Development at Naftogaz, Yuriy Vitrenko, has said that if the Stockholm Arbitration Court rules against Gazprom, the Russian company would be liable to pay $50 billion in damages to the Ukrainian company. He said this during an interview with Ukrainian Hromadske TV Channel.
“The total claim amount is $50 billion, of which $30 billion is compensation for gas that was not provided by Gazprom, or gas that we overpaid for. The remaining $20 billion is related to …
-
Gazprom has accepted Georgia's terms on the transit of gas to Armenia
Georgia, as before, will get 10% of the total volume of Russian gas supplies to Armenia as transit fees according to the agreement signed by the Russian corporation, as reported by the Ministry of Energy of Georgia."The text of the contract has already been agreed upon. The Ministry of Energy received the contract and sent it to the Ministry of Justice for legal assessment. The contract will then be submitted to the government for approval. Only after that will the contract come officially into …
-
Naftogaz breaks with Gazprom
Naftogaz of Ukraine has no plans to resume purchasing gas from PJSC Gazprom after April 1, 2016, because the price of gas offered by the Russian company for the second quarter of 2016 is higher price than what is offered to Naftogaz by European suppliers, the press service of the Ukrainian company stated.
It was reported that Gazprom has refused to extend their “winter package” agreement with Naftogaz, that defined the transition conditions for the purchase of Russian gas for Ukraine. …