Contents tagged with Gazprom

  • Ukrainian Naftogaz prepares new lawsuit against Gazprom

    Executive Officer of the Ukrainian gas company Naftogaz Yuriy Vitrenko reported on his Facebook page that Naftogaz has started preparing a new lawsuit against Russian gas giant Gazprom.

    Vitrenko made this comment after the negotiations between Russia, Ukraine, and the European Commission in Brussels on the future of the Russian gas transit through Ukrainian territory.

    "No agreements were made. But I did not waste time because I worked on the claims against Gazprom in the new arbitration …

  • European Commission: negotiations with Russia on gas transit through Ukraine have failed

    The European Commission is disappointed with the results of the trilateral negotiations on Russian gas transit through Ukraine, said Maros Sefcovic, Vice President of the Energy Union, after meeting with the Russian and Ukrainian energy ministers, Alexander Novak and Oliksiy Orzhel, in Brussels.

    According to Sefcovic, the Russian delegation refused to make concessions, even though there are only two months left in which to reach an agreement. Gazprom’s current contract with Kyiv expires on …

  • Kyiv to demand compensation from Gazprom for gas transit termination

    "Naftogaz of Ukraine intends to demand from Gazprom compensation for alleged losses from the termination of gas transit from Russia to Europe. On November 1, we will send our claims to Gazprom for more than $11 billion," wrote Chief Commercial Officer of Naftogaz Yuriy Vitrenko on his Facebook page.

    A day before, during a meeting with Russian Prime Minister Dmitry Medvedev, Gazprom's CEO Alexey Miller stressed the need to settle legal disputes before the conclusion of a new contract with Kyiv. …

  • Ukraine upgrades gas pipeline to expand gas reserve from Poland

    At the Komarno compressor station in Ukraine’s Lviv region, construction and installation work has been completed and a new stretch of pipeline connector has been commissioned, Ukraine’s national gas pipelines operator UkrTransGaz announced in a press statement.

    “The updated configuration of the linear part of the gas pipeline will allow us to transport the blue fuel in both the obverse and the reverse modes between Ukraine and Poland. The reconstruction will increase the capacity and …

  • Austrian company deactivates Gazprom’s compressors via satellite

    The Russian gas monopoly Gazprom has had its Austrian compressors remotely shut down, Pavel Krylov, head of department N335, told the Interfax news agency.

    According to him, the equipment from the Swiss company LMF was “deactivated via satellite”. Now the compressors are “dead weight, they still aren’t working, they’ve simply turned into scrap metal,” Krylov lamented.

    The manufacturer itself is capable of remotely deactivating compressors and similar equipment, a source close to Gazprom told …

  • Kyiv: Extending old Russian gas transit contract would be pointless

    It would make no sense for Kyiv to extend the current gas transit contract with Moscow beyond January 1, 2020, said Naftogaz CEO Andriy Kobolyev while speaking at the Ukrainian Gas Forum, UNIAN reports.

    “It’s hard for me to imagine why the new gas transport system operator, why the Ukrainian party would be interested in extending the old contract,” he said.

    In Kobolyev’s opinion, there should be a new contract exclusively with the new operator and based solely on European regulations.

    In …

  • Russia may build gas pipeline from Crimea to Europe

    Russian Energy Minister Alexander Novak expressed the opinion that the gas pipeline from Crimea to Europe could be built in the future, but the Russian government is not considering this idea now, reports TASS news agency.

    "The Energy ministry has not thought about it. But in the future, such projects can be discussed," said Novak at the Russian Energy Week forum.

    The Minister added that to date, Russia's actions on the Peninsula were aimed to ensure reliable energy and gas supply to the …

  • Russia doesn't exclude possibility of Nord Stream 2 construction bypassing Denmark

    Russian Energy Minister Alexander Novak, speaking at the Russian Energy Week, said that if Denmark does not issue a permit to lay the Nord Stream 2 gas pipeline through its territorial waters, Russia has other route options. According to him, if the route changes, "the project will then be more expensive, and its implementation will take longer." The Minister noted that now Russia counts on the main route and sees "no reason" for Denmark not to issue the permit.

    "We see fierce competition and …

  • Russian gas giant Gazprom offers Ukraine to forget the past and start from scratch

    Russian gas giant Gazprom offered Ukrainian company Naftogaz to use a so-called "zero option" in terms of finances and verdicts of the Arbitration Institute of the Stockholm Chamber of Commerce.

    "The zero option is the absence of mutual claims from the finance point of view," said Russian Energy Minister Alexander Novak as cited by RIA Novosti. Novak proposed this option at the end of the trilateral negotiations on gas in Brussels.

    According to Novak, Russia believes that the relationship …

  • Ukraine may resume direct purchases of Russian gas

    Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel said during a press briefing that the Ministry does not exclude the option of buying gas directly from Russia.

    "The Russian side raised the issue of direct supplies, and we agreed that further discussion of this issue in the framework of consultations should be based on market conditions. That means that the price should be based according to the market, and the conditions and trends that are in the European market," he …