Contents tagged with Naftogaz

  • Kyiv is ready to accept payment of Gazprom's debt with gas

    Executive Director of Ukraine’s Naftogaz Group Yuriy Vitrenko wrote on his Facebook page that negotiations between the heads of Ukraine's Naftogaz, Russian gas giant Gazprom and the new Ukrainian pipeline operator, “ Ukraine’s GTS (gas transmission system) operator”.

    According to him, they talked about the future gas transit. He said that the European Commission asked the parties to discuss the settlement of the past claims and current rulings of the Stockholm Chamber of Commerce. Gazprom …

  • Kyiv: Ukraine has collected $2.1 billion from Russia’s Gazprom

    Naftogaz CEO Andriy Kobolyev told LigaBusiness in an interview that, in reality, the company has managed to collect $2.1 billion from Gazprom in the form of gas that Ukraine did not completely pay for, in other words 45% of the compensation awarded to Kyiv by the Arbitration Institute in February 2018. Kobolyev noted that the amount went “almost entirely to the Ukrainian budget”. According to him, taking into account the accrued interest, Kyiv is still planning to collect another $3 billion …

  • Putin calls Ukraine’s gas transit terms unacceptable

    Ukraine has proposed economically unacceptable terms for gas transit, said Russian President Vladimir Putin at a press conference on Wednesday after meeting with Serbian President Aleksandar Vucic in Moscow, the Kremlin’s press service reports.

    “We are prepared to keep Ukrainian transit, we are currently conducting negotiations about it in Vienna. While’s it’s true that the terms offered to us by the Ukrainian transiters are possible, they’re still economically unacceptable. But I hope that it’ …

  • Europe prepares for gas war between Russia and Ukraine

    Countries in the EU have been buying increased quantities of gas for commercial and strategic reservoirs, filling all the available underground gas storage almost to the brim, in light of growing risks that the current gas war between Russia and Ukraine will escalate this winter.

    In just over 3 weeks time, the current contract for the transit of Russian gas through Ukraine will expire. To this day, despite Russia’s annexation of Crimea and the war in the Donbas, nearly half of the gas supplied …

  • Kyiv speaks of difficulties collecting Gazprom’s debt in three countries

    Yuriy Vitrenko, an Executive Officer of Naftogaz Group Ukraine, said that Naftogaz of Ukraine faced different willingness of courts in several European countries to consider cases of compulsory recovery of $3 billion from the Russian gas company Gazprom by the decision of the Stockholm Chamber of Commerce, reports Radio NV.

    "We are not able to launch compulsory recovery in Germany," said Vitrenko, as quoted by Interfax-Ukraine. He added that Ukraine has similar problems in Poland and Moldova. …

  • Ukraine and Russia discuss settling $3 billion arbitration dispute using gas

    Ukraine and Russia are discussing the possibility of Gazprom paying the $3 billion owed by it according to the Stockholm Arbitration Institute’s ruling using gas, said Naftogaz executive director Yuriy Vitrenko in a broadcast of Radio NV.

    “[Russian Energy] Minister Novak, who was at the talks, admitted that they are discussing the matter of implementing the arbitration ruling by supplying the corresponding amount of gas. We see some progress in the public statements. We’re talking about $3 …

  • Kyiv demands seizure of Gazprom’s assets in Latvia

    According to Gazprom's reports, Naftogaz of Ukraine filed a motion to the Latvian court to enforce the decision of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) in the case against the Russian gas giant Gazprom. The company is determined to recover $3 billion from the Russian gas giant.

    According to Gazprom, the court hearing on this claim is scheduled for the end of April 2020. At the moment, the company is considering ways to protect its interests.

    "On November 5, 2019 …

  • Naftogaz director on Nord Stream 2: Germany facilitating economic strangulation of Ukraine

    Naftogaz group executive director Yuriy Vitrenko believes that by participating in Russia’s Nord Stream 2 project, Germany is facilitating the economic strangulation of Ukraine and creating threats to the stability of the gas supply to Eastern Europe.

    He explained his view to Deutsche Welle in an interview when asked whether Germany will be taking away Ukraine’s role as the primary transiter of Russian gas to Europe.

    “It’s not taking over the role of primary transiter, it’s that there won’t …

  • Ukraine and Russia hold bilateral gas talks

    Russia and Ukraine conducted bilateral gas negotiations in Vienna on November 28, the Russian media reported, citing the Russian Ministry of Energy.

    The consultations were reportedly attended by Russian Energy Minister Alexander Novak, Gazprom CEO Alexey Miller, Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel, and the directors of Naftogaz of Ukraine and the Operator of the Gas Transport System of Ukraine.

    “The parties discussed Russian-Ukrainian collaboration in the …

  • Russia's Gazprom warns Ukraine that it will ‘shut off the gas pipe’ on January 1

    Naftogaz executive director Yuriy Vitrenko said that the company has already received a warning from Gazprom that, without a new gas transit contract, it will stop supplying gas to Ukraine’s gas transportation system (GTS).

    “In a letter which Gazprom sent to Naftogaz it is written in black and white that on January 1 at 10:00 Moscow time (09:00 Kyiv time) Gazprom will have no reason send gas to Ukraine,” Vitrenko told Deutsche Welle in an interview. He explained that, in saying this, Gazprom …