Contents tagged with Gazprom

  • US hits Russia's Gazprom with record LNG production

    The US is continuing to increase its production of Liquefied Natural Gas (LNG), adding to the surplus on the global market that has already caused prices in Asia and Europe to halve, writes.

    Sempra Energy, a joint enterprise between French Total and Japanese Mitsui and Mitsubishi, has announced the launch of the first LNG liquefaction line at the Cameron LNG project.

    The export terminal in Louisiana has a designed capacity of 4.5 million tons of LNG per year. In 2020, the second and …

  • Turkey cuts back Russian gas purchases to ten year low

    Turkey appears to be deliberately purchasing less Russian gas until the Russian gas monopoly Gazprom completes the $7 billion Turkish Stream gas pipeline, reports

    At the end of the first quarter of 2019, Russia had for the first time in history lost its competitiveness on the Turkish gas market to liquefied natural gas (LNG) from the US, Qatar, Algeria and other countries.

    The total amount of Russian gas bought by Turkish clients, including the state-owned company Botas and …

  • US Ambassador to Germany warns again of Nord Stream 2 sanctions

    In an interview with the publication Focus, US Ambassador to Germany Richard Grenell alluded to the sanctions that Washington could impose on the German companies involved in the Nord Stream 2 gas pipeline project.

    “From an American perspective, the pipeline will bring more than just gas, but also an increased sanction risk,” he said. He pointed out that the pipeline will make EU countries dependent on Russia.

    The American diplomat has repeatedly said that “the companies that operate in the …

  • Ukraine negotiates gas supplies from the United States

    The head of the Ukrainian state energy company Naftogaz, Andriy Kobolyev, in an interview with the Voice of America, announced that Naftogaz is negotiating with the United States the supply of the American gas to Ukraine.

     According to him, the parties are looking "very closely" at this issue. “This is not a final decision yet, but there is interest from both sides,” said Kobolyev and expressed hope that “this interest will be transformed into concrete gas flows.”

    On May 1, the head of …

  • Naftogaz attempts to seizes additional Gazprom assets in Luxembourg

    The Russian gas monopoly Gazprom has disclosed new details on the attempts made by Naftogaz of Ukraine to seize its assets in order to implement the ruling of the Stockholm Arbitration Institute, which ordered Gazprom to pay the Ukrainian company more than $2.5 billion in compensation, Radio Liberty reports.

    According to Gazprom’s latest financial report, on 15 February, Naftogaz notified the Gazprom subsidiary “Gaz Capital” and the largest banks in Luxembourg that all of Gazprom’s assets and …

  • Kremlin: China is interested in increasing gas supplies from Russia

    The Chairman of the Management Committee of Russian energy company Gazprom, Alexey Miller, on the air of the program “Moscow. Kremlin. Putin " said that Gazprom’s Chinese partners from the state-owned oil and gas company the China National Petroleum Corporation (CNPC) show great interest in increasing the supplies beyond the volume agreed in the thirty-year contract, reports news agency TASS.

    The current contract for the supply of Russian gas to China through the Power of Siberia pipeline, …

  • Ukraine's Naftogaz to offer Gazprom a new transit agreement for ten years

    During the press conference of the Ukrainian national gas company Naftogaz, the executive director of the Ukrainian company, Yuriy Vitrenko, announced that in the upcoming negotiations Naftogaz plans to offer Gazprom to book 60 billion cubic meters of transit capacity of the Ukraine gas transmission system for a period of ten years. This press service was broadcast on the official Naftogaz account on Facebook.

    He noted that the company would provide a capacity of 90 billion cubic meters per …

  • Denmark stopped Nord Stream 2

    Nord Stream 2 AG, the operating company of the Nord Stream 2 gas pipeline project, has been forced to comply with the demands of the Danish regulator and submit an application to lay the pipe within Denmark’s exclusive economic zone in the Baltic Sea.

    This is the third such application that the company has submitted. Originally, Gazprom intended to lay the pipeline along the same route as the first Nord Stream pipe, but when it became clear that Denmark could simply prohibit the laying of this …

  • Russian Gazprom ramps up gas transit through Ukraine by 25%

    The Russian company Gazprom has recently increased the volume of gas it is transporting to Europe through Ukraine by 25%, according to a Facebook post by Andriy Kobolyev, CEO of Naftogaz of Ukraine.

    “The reason for this is the renovation of the Yamal-Europe pipeline (which passes through Belarus)… annually this is the equivalent of around 110 billion cubic meters of gas per year,” he wrote.

    In a matter of days, the daily volume of gas pumped through the Ukrainian gas transport system rose by 6 …

  • EU to spend €215 million to remove Poland's dependency on Russian gas

    The EU government has decided to allocate €215 million to the construction of the Baltic Pipe, a pipeline that will transport gas from Norwegian deposits through Denmark to Poland.

    The Polish gas operator Gaz-System will receive the funds for construction of the pipeline. The company announced on Monday that it had signed the relevant agreement with the EU’s Innovation and Networks Executive Agency (INEA).

    The financing will be used to build the underwater section of the pipe that will …