Contents tagged with Gazprom
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Kyiv court allows the seizure of 6 billion of Gazprom property in Ukraine
The Economic Court of the City of Kyiv satisfied the petition of the Anti-Monopoly Committee of Ukraine (AMCU) and the State Executive Service of the Ministry of Justice by changing the procedure of the execution of the court decision regarding the recovery of a 172 billion UAH ($6.48 billion) fine from Russia's Gazprom.
"To put it simply, until now, only the funds on Gazprom’s bank accounts could be recovered. Now, the recovery extends to all the debtor’s property,” posted Minister of Justice …
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Ukrainian ambassador to Turkey: Russia's Gazprom will stop at nothing to go through with Turkish Stream project
Gazprom is accelerating the construction of the Turkish Stream gas pipeline, at a time when the United States’ willingness to use sanctions on the project is in question writes Ukrainian Ambassador to Turkey Sergey Korsunsky article for the Zerkalo Nedeli newspaper.
The author notes that at the start of September, Swiss Allseas Group S.A., which was contracted to lay the most complicated sea stretch of the gas pipeline, was joined by the British company Petrofac, which has signed a contract to …
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Gazprom to increase gas transit through Ukraine
Gazprom has applied for an increase of gas transit through Ukraine to 315 million cubic meters per day, according to the press service of NJSC Naftogaz of Ukraine.
Gazprom’s daily application for increase has grown by 47 million cubic meters in the last week. Naftogaz is ready to ensure the implementation of the enlarged applications in full amount, although such significant fluctuations in the volumes of transit are not specified in the contract terms between Naftogaz and Gazprom.
Naftogaz …
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Russia’s Gazprom continues to supply gas to separatist-held territories and billing Ukraine for it
In the first half of 2017, Russian Gazprom delivered 1,389 billion cubic meters of gas to the separatist DPR (Donetsk People’s Republic) and LPR (Luhansk People’s Republic. The price of Russian gas as of the first quarter of 2017 was $306.6 per thousand cubic meters, as supported by the data from Gazprom’s report for the second quarter.
Ukraine has not been importing gas from Russia for more than 600 days, which means, all deliveries go to separatist-held territories of Ukraine.
According to …
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Gazprom claims that increase in Nord Stream’s transit did not reduce gas transit through Ukraine
Gazprom is experiencing good dynamics in its gas exports to Europe through Nord Stream and OPAL pipelines; at the same time, transit through Ukraine has even increased, TASS reported quoting Chairman of the Board of Gazprom, Alexey Miller.
"Between August 1 and August 8, production through the OPAL gas pipeline by Gazprom increased by 30%. Today, the pipeline has reached full capacity. The volume of daily gas supply to Greifswald reached 140 million cubic meters on August 8. That is, the use …
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Net profit of Russia’s Gazprom falls by a record number in the past six month
In the first half of 2017, the net profit of the Russian monopoly Gazprom fell to almost nothing - 17.4 billion rubles ($290 million USD), down from 194.417 billion rubles ($3.24 billion USD) in January-June 2016. This is shown by Interfax’s calculations based on the company’s materials using Russian accounting standards.
The data shows that in the second quarter of 2017, Gazprom had a loss of 90 billion rubles ($1.5 billion USD), whereas in April-June 2016 the parent company earned a symbolic …
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Ukrainian Naftogaz to increase its claim against Gazprom by $5 billion
Naftogaz of Ukraine intends to increase the amount of claim in a lawsuit against Russian Gazprom over natural gas transit costs by $5 billion, as indicated by their Commercial Director Yuri Vitrenko on Ukrainian Channel 5.
“We are seeking a judgement in our favor regarding the transit contract. We are claiming more than $13 billion, and we will sue for an additional $5 billion as well,” Vitrenko promised, noting that Gazprom's claims amount to $7 billion. “We expect that we will receive fair …
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Media: Russia to limit gas transit through Ukrainian territory
Russia is restricting the transit of gas through Ukrainian territory, and will soon exclude its western neighbor from the process of transporting natural gas to western countries, Vedomosti reports.
Vedomosti claims that Gazprom has reduced the flow of gas through Ukrainian territory and has simultaneously increased it in the OPAL pipeline. Recently the European Commission approved the use of 40% of the capacity of the gas pipeline.
According to the opinion of Russian experts, Moscow is …
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Russia's Gazprom named one of main sources of greenhouse gases
According to estimates by British scientists, more than half of the world’s greenhouse gases released into the atmosphere in the past 28 years were produced by 25 large companies. And the largest producers were Saudi Aramco and Gazprom, Russia's RBC news agency reports.
“In the 28 years since 1988, when the influence of greenhouse gases on the Earth’s climate was recognized, about 833 billion tons of carbon dioxide, methane and other gases (equivalent to CO2) were put into the atmosphere as a …
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The transit of Russian gas through Ukraine increased by 21% in 6 months
In the first half of 2017, gas transit through Ukraine increased by 21% to 45.7 billion cubic meters, as reported on Facebook by Magistralnye Gazoprovody Ukrainy. Gas transported through Ukraine comes from Russia to the EU.
"If these levels are maintained, by the end of the year we can expect 90 billion cubic meters of blue fuel for European consumers to be transported through Ukraine," the report said. Gas production in Ukraine has increased by 3%, reaching 10.3 billion cubic meters and …