Contents tagged with Gazprom
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Russia's Gazprom and Ukraine's Naftogaz begin negotiating contracts termination
Last week, Russia’s Gazprom and Ukraine’s Naftogaz began negotiations on the contracts termination for the supply and transit of gas. According to Interfax, this was announced by Alexander Medvedev, Deputy Chairman of the Board of Gazprom.
"Yes, indeed, last week the meeting between Gazprom and Naftogaz took place. The negotiation on the procedure of contracts termination for the supply and transit of gas has begun," he said. Medvedev added that Gazprom notified the Ukrainian company of its …
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Putin's cousin elected to Gazprom board
Gazprom’s Board of Directors has elected Mikhail Putin as a Deputy Chairman of the company for a period of five years, Interfax reports, citing Gazprom's press service.
He has taken the position of Alexander Kozlov, who passed away last year.
Mikhail Putin is the first cousin once removed of Russian President Vladimir Putin. He was born in Ivanovo in 1967, and graduated from the Ivanovo State Medical Institute and the Ordzhonikidze Moscow Management Institute (now State University of …
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Kyiv: Russia will have to sign a new contract with Ukraine if Nord Stream-2 fails
The Ministry of Foreign Affairs of Ukraine is convinced that if the Nord Stream-2 gas pipeline is not laid at the bottom of the Baltic Sea, Russia will have to negotiate a new contract with Ukraine on the transit of gas to the European Union through Ukraine, said Ukrainian Deputy Foreign Minister for the European Integration Olena Zerkal on Pryamyi TV.
The diplomat expressed the conviction that the European Union can create equal conditions for all countries to buy and transit gas so that …
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Russia's Gazprom to file new case in arbitration court over Ukraine’s seizure of its assets
Gazprom considers the arrest of its Ukrainian assets to be an attempt to illegally seize its property under the pretext of implementing the ruling made by the Anti-Monopoly Committee of Ukraine (AMKU) in 2016.
“Gazprom does not recognize the legitimacy of the fine, and considers Ukraine’s actions to be an infringement of its rights,” the company’s report states.
The Russian gas company intends to file a new case at an international arbitration court in connection with the Ukrainian …
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Kyiv seizes all assets of Russia’s Gazprom in Ukraine
All funds belonging to the Russian company, Gazprom, which were located in Ukraine, have been collected by the State, according to the Minister of Justice of Ukraine, Pavlo Petrenko, as reported by Ukrinform.
"I can say that the Justice Ministry will collect $6 billion from Gazprom in accordance with the decision of a Ukrainian court regarding a fine in our favor initiated by the Anti-Monopoly committee. We have already recovered some of the funds - an inventory of everything that Gazprom had …
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Russian media: Ukraine’s gas transit system indispensable for Gazprom
Even in 2020, Gazprom will still need the Ukrainian gas transit system for transit to Europe, since the EU’s ground infrastructure will not yet be ready to receive the gas from Nord Stream 2. By the end of 2019, when the contract for transit through Ukraine expires, Gazprom will be able to pump at most 34 billion of the projected 55 billion cubic meters per annum. A new gas transit contract with Ukraine will thus be unavoidable, Russian news outlet Kommersant writes.
Construction of the Eugal …
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Russia's Gazprom starts dismantling Turkish Stream pipeline
Gazprom has abandoned the hope of turning the Turkish Stream project into a gas pipeline for mass exportation to Europe.
As Interfax reported on Monday, the Russian gas company is preparing to begin dismantling the Southern Gas Corridor pipelines which were initially constructed for the South Stream and were later transferred to the Turkish Stream.
According to the plan, the Turkish Stream was supposed to supply Turkey and the EU with 63 billion cubic meters of gas per year. However, a …
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Attempt on Skripal threatens Gazprom’s business in the UK
The attempt on the life of former Russian spy Sergei Skripal in the British town of Salisbury threatens Gazprom’s business in the UK, the Russian edition of DW writes.
The publication notes that Britain is Russia’s fourth largest gas export market. Moscow has considered the country one of the most promising and important for the Nord Stream 2 pipeline project.
British Prime Minister Theresa May, speaking on March 14 in Parliament in response to the poisoning of Skripal and his daughter, also …
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Siemens to supply turbines to Russia for construction of power plant in Chechnya
Gazprom will acquire two Siemens gas turbines for the thermal power plant (TPP) in Grozny, RBC news agency reports with reference to Gazprom’s statement. According to RBC, on March 16, the meeting between the head of Gazprom Alexey Miller and Siemens CEO Joe Kaeser was held in St. Petersburg, where the heads of the companies discussed father cooperation. "The parties, in particular, focused their discussion on the supply of equipment for the Grozny TPP. According to the signed contract, …
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Russia's Gazprom raises gas pressure to contract level at the entrance of Ukraine’s gas transportation system
Russian Gazprom has raised the pressure at the entrance of Ukraine’s gas transportation system (GTS) to the contractual level for the first time this year. This was reported by Interfax Ukraine referring to the press-service of PJSC Ukrtransgaz.
"Maybe today is some big holiday? Today, Gazprom has raised pressure in the transit gas pipelines at the entrance of the GTS of Ukraine to the minimum contract level: 60 kgf/cm2 for the first time since December 12, 2017,” the press-service noted.
As …